How to Survive The Recession That Is Coming! And Help Your Insurance Prospects To Survive!

IPS Weekly Sales Success Tips - How to Survive The Recession That Is Coming! Help Your Insurance Prospect To Survive!

6/8/2022 – Let’s face the facts. We are headed for another recession. Gas prices are hitting record highs every day. The cost of everything is increasing. And who knows how bad it will get. The question is will you survive the coming recession? How much harder will it be for you to find prospects that will have the money to buy life insurance? Your life insurance prospects are already having trouble finding the money to pay for gas, food, and lodging. What can and will you do to help your life insurance prospects survive this recession?

My Father, Lew Nason, not only survived the recession in the early ’80s selling insurance. He led his office in life insurance sales for 6 out of 7 years. And it was because he had 3 great mentors that taught him how to help his life insurance prospects to see and understand the problems they were facing. And then he helped his life insurance prospects to get a lot better at managing their money. So his life insurance prospects could find the money to solve their most pressing financial concerns for their family.

Do you want to survive this coming recession – by selling insurance? Then you must help your life insurance prospects to survive. You need to provide your family, friends, neighbors, clients, and life insurance prospects with the information they need to survive this recession. And that is about helping your life insurance prospects to find the money to spend, save, invest, insure, and plan wisely for the future. So they can “Live Debt Free and Truly Wealthy?

Start by helping your life insurance prospects with articles, like the following. Put the articles on your Facebook page, your website, and in your monthly newsletter. And, get them published in your local newspaper.

If you don’t have time to write articles or a monthly newsletter! We have already done it all for you, FREE, in the Insurance Marketing and Sales Resource Center™. Every month we publish a generic version of our client newsletter for pre-retirees and retirees and upload it to our site. So you always have 6 months of both newsletters to choose from.

Here is an article to help your life insurance prospects that will be in next month’s newsletter!

Help Your Life Insurance Prospects To Survive The Coming Recession? 

Avoid The Credit Card Trap

Are you concerned about the coming recession? Do you want to make sure your family does more than survive the recession? Then consider…

Are you one of those people who simply look at whether or not you can afford the monthly payment when you are deciding to make a credit card purchase?

Have you ever figured out how long it will take you to pay off something you’ve bought on credit? And how much it will actually cost you over time?

Example: Spending $2,000 on a big-screen TV doesn’t seem like a big deal when your minimum payment is only $40 a month. You can work that $40 a month into your budget, right? It’s no big deal, right? And, if that was the only purchase you ever made on credit, it would be fine. However, the problem is once you start using credit, it’s easy to justify making more purchases, and you fall into the credit card trap.

Consider the following 2022 sobering statistics:

  • U.S. families have an average credit card debt of $6,270.
  • The average household has 2.15 credit cards.
  • The average credit card interest rate is 16.17%.
  • Total credit card debt in the US is $841 billion
  • Almost half the households in the US report having difficulty paying their minimum monthly payments.
  • Percent of credit card balances with 90+ days delinquency: 8.4%
  • 71% of American families are living from paycheck to paycheck!

And here are the real kickers! If your credit card balance is $8,000, and you make the minimum payment of $127 per month, at 18.9% interest it will take you approximately 24 years to pay off the debt. You will also pay $28,576 in interest charges, almost four times the balance, bringing your total to $36,576.

If you didn’t have a credit card payment of $127 a month, and you put that money into a savings vehicle earning a meager 5% return! In 24 years you could have an additional $70,465 in savings that could generate $3,500 more per year of income in retirement. Your credit card payment is not only costing you thousands in interest – but is stopping you from saving for your retirement.

“I would rather go to bed without dinner than rise in debt.”

Ben Franklin understood the harmful effects of debt! He firmly believed that it’s better to cut expenses to the bone rather than to incur debt to afford a lifestyle that is well beyond our means. Hopefully, cutting back on basic needs such as food is a choice that you won’t have to make, to survive the coming recession. But, this quote reinforces the importance of building an emergency fund right now.

Here are 4 Tips to help you avoid the ‘Credit Card Trap’…

Do not use credit cards. The easiest way to avoid the credit card trap is to simply not use credit cards at all. If you do not have a credit card, then you cannot fall into the trap.

Do not carry a credit card with you. If you want a credit card for trips or emergencies, then take it with you on trips or when you think you may need it. Otherwise, leave it at home. This can help you to stop using it for impulse purchases.

Pay off the balance every month. If you cannot pay off the full balance in one month, stop using the card until it is paid off.

Set up an Emergency Fund. Start putting money aside each month to build an emergency fund. Once you have an emergency fund, you will not need to rely on your credit cards anymore. Build an emergency fund that will cover a year’s worth of expenses.

Have you already fallen into the ‘Credit Card Trap?’ Want help getting out? Then give us a call!

“A penny saved is a penny earned.”

Ben Franklin’s most famous personal finance quote isn’t actually quite accurate today. Most people calculate their earnings prior to taxes. So, a penny saved is actually worth more than a penny earned. Why? Because taxes reduce your actual take-home pay. If you earn $10 an hour, then you will likely only see around $7.50 after taxes. Therefore, if you can cut your expenses by $10, it actually results in saving more than 1 hour’s worth of your take-home wage.

When Will You Decide To Guarantee You Survive The Coming Recession?

When will you get the training, coaching, and support you need to help your life insurance prospects to survive the recession? Stop trying to go it alone!

When Will You Decide To Get The Training and Support You Need To Help You And Your Life Insurance Prospects Survive The Coming Recession?

Trusted Advisor Success Program™

Trusted Advisor Success ProgramOur Trusted Advisor Success Program is about you learning to help middle-income families to find the money to Live Debt Free And Truly Wealthy! It is about helping families to get all the cash-value life insurance they need to protect their families. While they save for a tax-free income, save for college, create a family bank, etc. (Using cash value life insurance!)

Check out our Trusted Advisor Success Program! Because you will get 90 days of personal life insurance agent success training, coaching, and mentoring… with back-office sales support! All from a team of life insurance marketing and sales coaches that have been training agents and advisors for over 40 years to specialize in helping middle-income families find the money! It is the best life insurance marketing and sales system and agent training to guarantee you will earn $250k or more per year selling life insurance!

First, we will show you how to find and help your best life insurance leads/prospects. So you will set great sales appointments.

Then we will show you how to help your life insurance prospects see and want to solve their money problems. We will also show you how you can help life insurance prospects to find the money so that they can take action right now!

Then we will show you the best ways for you to present your ideas to help your life insurance prospects. So that you will earn $100K, $200K, or more this year selling life insurance and annuities like the legends even in a recession.

It is the best training for agents and advisors to help you and your life insurance prospects to survive the coming recession!

Now Get The Best Life Insurance Marketing Tips, Tools, Training, and Coaching To Survive The Coming Recession!

Inside our Trusted Advisor Success Program, you will find the best life insurance marketing plans, sales strategies, and ideas laid out for you! You will learn the best ways for you to use Joint Ventures; Educational Workshops and Seminars; Booklets and Free Reports; Referred Leads; Social Media; Client Newsletters; Annual Reviews;  and more – with all the tools, scripts, and more. Now you can find and attract your best life insurance prospects, set your best sales appointments, and close more sales! Because your ‘specialized marketing message’ to everyone will be all about how you help middle-income families to find the money to Live Debt Free and Truly Wealthy!

INCLUDES… The best life insurance marketing, agent sales success training, coaching, and support! It is everything you need to find the money to use all the HOT Sales Concepts… Wealth In Motion, Infinite Banking. Missed Fortune, Circle Of Wealth, Wealth Beyond Wall Street, Tax-Free Retirement, and more… Because they are part of our Trusted Advisor Success Program. Now you can help middle-income families – not just the wealthy!

Includes… Our Found Money Management™ Tool KitLife insurance marketing and sales success training system,
Includes… Our How To Close 9 Out Of 10 Insurance Sales – Life Insurance Sales Success Training System And Videos,
Includes… 90 Days of Personal Insurance Agent Success Training, Coaching, and Back-office Sales Support Worth $2,097!
And Includes… Membership to Our Private Site at $29.95 per month after the first month,

When Will You Read Our Full-Length Book? So You Learn How To Help Families (Your Prospects) Survive The Coming Recession?

Living Debt Free And Truly Wealthy

Middle American Family’s Guide To Living Debt-Free And Truly Wealthy!

We urge you to take the time to read our 20 Chapter book… ‘Middle American Family’s Guide To Living Debt Free And Truly Wealthy!” Because we give you complete strategies, on how you can help middle-income families to find the money to spend, save, invest, insure, and plan wisely for a secure future! So that you can help them to “Live Debt Free and Truly Wealthy!” As a result, you will understand our philosophies, concepts, and techniques by the end of the book. And finally, you will know how you can make a real difference by helping your family, friends, clients, and neighbors get rid of their debt. So they can save for retirement. So that they will have a secure financial future! Book Outline – Get A Digital Copy of Our 20 Chapter Book! Only $18.97, Immediate Download, ORDER Now!

Nothing Will Change Until You Make it Change. Learn How To Help You And Your Life Insurance Prospects Survive The Recession!

10-Step Buying Process To Close More Life Insurance Sales With Your Prospects!

We Want To Help You Get The Life Insurance and Annuity Sales Training You Need To Take Your Financial Sales Career To The Top Of The Industry!

Members Of The IARFC - How to Survive The Recession That Is Coming! And Help Your Insurance Prospects To Survive!

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