Financial institutions and lenders are marketing debt. Why?  Because they make lots of money when you are in debt.

Don’t believe me that they are marketing debt?  Check out these three examples:

1. Credit has become a media topic. Take for example this CNN Money article, 6 steps to improve your credit score and it’s accompanying graph about how to get the perfect credit score so that you can get the best rates on homes, autos and credit cards.
2. Visa commercials telling you not to pay with cash because it slows life down.
3. Look at your mailbox and how many pre-approved credit card offers are crammed in there every week.

So what can you do?

1. Don’t believe that your “I Love Debt Score” (FICO Score) means anything about who you are as a person.
2. Stop believing the lie that credit is better than cash.
3. Stop the unsolicited credit card offers by calling 1-888-5-OPTOUT (567-8688) or visit www.optoutprescreen.com for more information.

Now more than ever companies are evaluating the credit reports of job candidates.  But why?

Because personal finance stress causes employees to waste up to 20 hours per month worrying about their money problems at work.

What about the current employees?  Their personal finances may be in disarray too.

You could:

• Do nothing – except that impacts your business
• Pay employees more – except that won’t change anything

Or better yet… you could begin a systematic plan for personal finance coaching. With a class like Creating True Financial Independence.

A survey of 10,000 employees who took a personal finance class reported:

• 89% were using a written budget to manage their money in the future.
• 91% felt more confident about their financial futures.
• 94% stated the personal finance class had been beneficial to them.
• 95% were establishing an emergency fund
• 98% recommended personal finance education to fellow employees.

Team members who aren’t worried about their personal finances are far less likely to have unplanned absences. They are better able to engage and concentrate while at work.

Their productivity and loyalty increases, while their stress and money problems decrease.

So why wouldn’t you want to help your team members through tough financial situations? Not only are you helping your workers, but you’re also helping the company as a whole.