1. Minimizing Expenses

2. Managing cash-flow is a very important aspect of personal financial success. Obviously, the fewer expenses a person has provides them more discretionary income for Eliminating Debt and Investing for their future Financial Freedom.

3. Why use Credit? Credit was meant to be used for major purchases in life…not small stuff

4. DEBT The first place to begin to minimize expenses is in Debt. You should immediately reduce all cost, and eventually terminate ALL DEBT. This will save you hundreds of thousands of dollars over a course of your lifetime. It is estimated that the average household could easily spend over $1 million dollars in just interest on debt.

5. HOME MORTGAGE Avoid ARM loans, Options, etc. Get fixed-rate Mortgages Improve Credit Scores Negotiate Interest Rates Make periodic principal-only payments Consolidate when necessary

6. RENT THIS IS A NO-NO!! In very rare cases should you rent

7. AUTO & TRANSPORTATION Purchase 4-6 cylinder vehicles to reduce gasoline cost over time Prolong BRAND NEW Vehicles until your Assets are complete Increase Credit Scores Negotiate cost and interest rates Never trade-in, Sell instead Make down payments Make periodic principal-only payments

8. AUTO INSURANCE Your Auto Insurance is dictated by your driving record, dwelling location and your credit score. Avoid Speeding Improve Credit Scores Ask for a rate re-evaluation

9. Universal Credit Cards Major Bank Universal Credit Cards carry the best interest rates. Get rate comparison via the internet Never make just the minimum payment Pay off ASAP

10. Department Store Cards These cards carry higher interest rates and reflect poorly on your credit scores. Use a universal card instead Transfer balances to a lower universal card and close account

11. ALWAYS AVOID THESE FEES: Overdraft Fees Late Fees Over-limit Fees

12. Finance Companies Higher interest rates Reflects negatively on credit scores Never make minimum payment Transfer balances to universal cards Consider replacing with HELOC Pay off ASAP

13. Furniture & Appliances Avoid purchasing on credit Save and pay in full Shop for second hand or reduced cost Prolong expensive furniture until Assets are complete Avoid doodads Don’t try to impress people

14. Clothing & Apparel Don’t get caught up on name brands Buy off-season Wait for sales, ask for discounts Never charge clothing, remember this is not a major purchase Recycle through Yard Sales and Consignment Shops Avoid unplanned shopping sprees

15. Food & Eating Out Use your discount card, clip coupons Reduce to once or twice weekly Pack lunches Drink water Do not over eat Write off

16. Travel Use your Member Discount Travel Agent perks Travel off season Purchase from yourself Get a commission Write it off as business travel

17. Home Phone, Internet, & Cell Compare to VOIP Assess minutes Search the internet for ISP, as low as $10 per month Write off

18. Education Hire children between the ages of 7-17 yrs Write off as business deduction Save child wages for college tuition Help child maintain exceptional grades, GPA Seek Academic and other scholarships

19. Health Care Cost PREVENT SICKNESS AND REDUCE HEALTH CARE COSTS BY:  All natural nutrition and vitamin supplements  Purchase from yourself, get commission and write it off, 100%  Get regular exercise & proper rest  Healthy eating plan (never diet)

20. Life & Health Insurance Health Insurance  Increase your deductible and invest the difference  Read carefully the terms and conditions  Don’t forget about Disability Insurance  Many choices are available…do your due diligence Life Insurance Properly assess the amount of insurance you need Is my job insurance enough? What are Riders and can they be beneficial? Buy Term and invest the difference  TAKE AN EVALUATION!!

21. MINIMIZE BUSINESS EXPENSES Document every tax-related Business expense Convert many Personal expenses to Business expenses Go electronic, avoid paper Use land-line in place of cell phone Know your tax deductions…all 422

22. Don’t forget to use your iCON of Success membership lifestyle discounts for all qualified purchases!!! MEMBERSHIP PRIVILEGES

23. SWEET SUCCESS!!!