Your Family Bank® by Vivensure Business Solutions is a fantastic opportunity for small business owners to not only help their business, but also help their family and their retirement.
In the early years of a business money is very lean. All profits that come in are used to keep the business above water. Your saving habits must start as soon as possible but are at times pushed away to the side because the business is hungry and must be fed. Often, small businesses owners feed this hunger by acquiring a large amount of debt. Businesses need more marketing dollars to sell their product or services, they will need new employees to grow their business, and the list goes on.
Your Family Bank® by Vivensure Business Solutions can be a great source of funds for these expenditures. You can actually capture excess interest and all the principal that you are paying to other financial institutions, and at the same time, create a tax-free retirement fund for yourself. From payroll to petty cash, funds are continuously moving through Your Family Bank®. When a business owner utilizes the advantages of Your Family Bank®, their reliance on financial institutions for working capital quickly diminishes. In time, the business can produce 100% of all its financing needs directly from Your Family Bank.
Here are some of the infinite possibilities for businesses.
Employee Retirement Programs
Purchase large equipment
Your lease/building space
Employee Health & Wellness Plan
Company Retreats/Business Conferences
Marketing Events like Season Tickets for Athletics Teams
Factoring for additional businesses
Corporate Real estate
Business Acquisitions & Merger
Add Fringe Benefits to draw Key Employees
Produce a Tax-Free Stream of Income at Retirement
There is also an additional benefit: The IRS allows the interest to be deducted on legitimate business loans, which you’ll want to finance from Your Family Bank.
Financial Education in the Workplace Program
Improving workplace productivity, health and well-being through personal financial education.
Vivensure provides a variety of workplace personal education training courses that are proven to improve employee performance, morale, loyalty and participation in employer-sponsored benefit program. We offer a full range of structured and custom programs that will fit your needs. Call us for program details, topics covered, and material provided.
Why Offer Financial Education in the Workplace?
46% of employees say that financial matters cause them the most stress in their lives. Financial concerns may be a personal matter, but they directly affect the workplace.
Top 5 Employee Financial Concerns
Not having enough emergency savings for unexpected expenses.
Not being able to retire when I want to.
Not being able to meet my monthly expenses.
Being laid off from work.
Not being able to keep up with my debt
A financially stressed employee spends an average of three hours per week while at work on his or her personal financial problems.
Your Family Bank® by Vivensure teaches a proven personal financial program that is based on the 7 Steps of Money Management that allow people to get an immediate control of their spending, debt, savings and taxation. It is the only comprehensive financial management system in the industry today that helps individuals and families effectively manage every aspect of their financial lives.
Benefits to Employees
Employees say that financial wellness means freedom from financial stress and debt and being prepared for emergencies. Employees who participate in workplace financial education programs have the opportunity to:
Change behaviors that negatively affect job performance
Build assets and reduce debt
Gain appreciation for and participate at a higher level in employer-provided benefits
Increase their ability to retire early or on time
Benefits to Employers
Research clearly shows that a well-executed workplace financial education program benefits employer in several ways:
Increase employee productivity
Decrease direct employer costs related to wage garnishments, bankruptcies, payroll deductions for child support and alimony, and administrative costs for borrowing against retirement plans
Increase employees’ loyalty to the company
Reduce employee stress-related illnesses and mental disorders
Without money you can’t save for retirement! Unlike most financial advisors, who primarily focus on advising their clients about specific financial products they sell — like mutual funds or 401k’s – Vivensure focuses on solutions that better people’s lives. By flipping the funnel (getting you out of debt, reducing the interest paid to lenders, and decreasing your taxes), you can increase your cash flow to save for college and retirement.
“I want to express my appreciation and thanks for the support Your Family Bank has provided over the past few months. The business plan that was put in place has increased our margins, as well as our potential for expansion in the future.”
We do not consolidate, we do not negotiate, we ELIMINATE debt. Because families and businesses are already strapped, we do not expect them to come to the table with more money. The best part of the process is our Financial Coaches find money by identifying inefficiencies in spending and direct these dollars toward your own bank. We can help the average family and business accomplish complete debt payoff in roughly 9 years. Once we plug the leak of interest payments and tax inefficiencies, the family or business can really begin to plan for their future. How can you get ahead when you have more going out the back door in interest and taxes than coming in the front door in income and interest earnings? You really can’t!
Take the time to sit with us for 45 minutes, we can create your personalized road map to give you your exact numbers.