Posts Tagged ‘finance’
Stacy Murdoch
Birmingham, AL
Former Occupation: Advertising Sales
Before Primerica, Stacy Murdoch, of Birmingham, AL, was struggling financially and looking for a way out. “I was a single mom, raising three kids,” recalls Stacy. “I was working two jobs and relying on my dad as my emergency fund.”
Her father, Primerica legend Ed Randle, did what any parent would do – he kept talking about Primerica until Stacy agreed to build her part of the Randles’ family business! “I was highly motivated to make this business work for me,” says Stacy. “I needed the money, for one, but more than that, my father is one of the greatest success stories I know of and I was proud to be in business with him!”
She continues, “The feeling of building a family business side by side with a loved one is something I wish everyone could experience. It’s such a positive thing to know that you are a part of something bigger than yourself.”
Stacy’s Primerica journey started in 1987 and has led to a full-time career helping families and creating a better financial future for herself and her children. In fact, her kids have grown up under the leadership example of both Stacy and their grandfather. “Dad has such great vision,” explains Stacy. “He sets the bar high and that’s something I’m passing along to the next generation.”
Stacy’s 26 year-old daughter, Carly Huchinson, recently started building her own Primerica business and Stacy couldn’t be more excited. “One of the great things about this business is being able to build something for yourself but also to share your success with the people you care about,” says Stacy. “So often, a family business is tied down to one store, restaurant or small company. The only real growth opportunity is to continue opening new stores. But with Primerica, your growth potential is limited only by how much energy you put into it.”
She adds, “Being in business with my family empowers me to think bigger and not feel so comfortable with where my life is.”
For more information on how you can create your own Primerica family business, contact your local Primerica representative.
Read Part 1, All In the Family – Building a Business Together
Tags: business, business opportunity, career, Community, Ed Randle, family, finance, personal finance, Primerica, primerica opportunity, Primerica Representatives, randle, Stacy Murdoch, three generations
Posted in Opportunity, Primerica, Representatives |
Did you know, the average household “owes 20 percent more than it makes each year?”1 With the current financial crisis, that percentage may even increase as families go deeper into debt just to maintain their lifestyles.
Primerica recognizes that education is the first step toward helping families learn to develop a healthier financial life. We believe a good understanding of how money works is key to long‑term success. These three tips can help you get started.
1. Avoid the revolving consumer debt trap.
Most credit card debt is revolving debt. Because of the way interest is calculated on revolving debt, it’s hard for you to know exactly how long it will take to pay off your balance. All that interest can add up to big bucks along the way!
With fixed debt, you make payments over a set span of time. It’s easy to tell when the principal will be paid off and – even with the same interest rate and monthly payments – the pay off date is usually much sooner than with revolving debt. Consolidating revolving debt into one fixed rate loan can potentially eliminate those debts sooner and reduce your monthly payment.
2. Understand compound interest.
With a revolving debt account, compound interest can eat away at your financial health. But when you use compound interest in your favor, it can really help savings grow. The more you save, the more interest you can potentially earn on that money.
3. Make a lifestyle change.
When it comes to reducing debt, little changes can make a big difference. By separating “wants” from “needs,” and making the “needs” the priority in spending, you can begin saving toward your future.
It’s a good idea to have periodic checkups with a financial services professional to make sure you stay on track for your goals. Primerica offers a FREE Financial Needs Analysis that is designed to highlight problem areas and present strategies to deal with them.
Tags: credit cards, finance, free, home mortgage, newsweek, Primerica, Tips
Posted in Primerica |
In today’s economy, many families are worried about layoffs, foreclosures and mounting debt. They’re looking for ways to cut costs, save more and make smarter money choices for their future.
Primerica, believes one of the first steps toward getting on track for a bright financial future is to create better spending and saving habits. To help you get into the mindset of making better money choices, Primerica presents three easy ways to curb spending.
1. Track purchases. Little purchases made every day can add up to big money at the end of the month. Keep track of expenditures by either writing them down in a notebook or purchasing budgeting software. You might be surprised at just how much you didn’t realize you were spending.
2. Minimize ATM visits. ATM withdrawals can add up quickly if you aren’t tracking them. It’s easy to keep pressing that withdrawal button and even taking out the minimum $20 at a time can add up quickly. The best plan is to set a limit on withdrawals per week and stick to it.
3. Cut spending by small amounts first. Breaking the over‑spending habit isn’t likely to happen overnight. Start small, say reducing spending by 10%. Once you get used to that adjustment, you can work your way up to a more aggressive cost‑cutting strategy.
Discretionary spending (e.g. eating out, entertainment, movie rentals, etc.) isn’t a bad thing, but over‑spending – particularly in times of economic upheaval – can put you into a precarious position if debt becomes too high or if you are laid off.
As you learn to budget better and spend less, the next step is to start socking away all that extra un‑spent cash. Primerica’s free Financial Needs Analysis offers a comprehensive snapshot of your finances and presents clear strategies for getting out of debt, becoming properly protected, saving more and getting on track for a great future.
Tags: ATM, curb spending, economy, finance, financial needs analysis, FNA, personal finance, Primerica, Tips
Posted in Primerica |
The current economic downturn has many families worried about losing their job, struggling to keep up with bills and worried about the future. The outlook seems bleak – 11.6 million Americans are unemployed1 and third quarter 2008 foreclosures jumped 71% over the same time period the previous year.2
Primerica presents four tips to help your finances weather a recession.
- Slash and burn bills wherever possible. An easy place to start: auto and homeowner’s insurance. “Some insurers give long‑time customers up to a 10% discount, but that can pale in comparison with the savings from switching insurers. At least once every two years, get a quote from another insurer.”3
- Keep good credit. To keep that all‑important credit score attractive, make sure you pay your bills on time, limit the number of credit cards you have and avoid financing more than one big‑ticket item at once.
- Boost income. Start a part‑time business or work a few hours a week at a second job to get through a crunch. The Primerica Business Opportunity is a great way to do something enjoyable while earning extra cash each month. You can do the business part time or full time and work at your pace, on your schedule!4
Times are tough, but following these simple tips can go a long way to helping you and your family come out on the other side of the recession with your long‑term financial goals still intact.
Tags: auto insurance, credit, credit score, finance, good credit, homeowner's insurance, insurance, personal finance, Primerica, recession, Tips
Posted in Primerica, Tips |
For more than 32 years, Primerica has advocated its philosophy of “Buy term and invest the difference.” As for the rest of the life insurance industry, they just keep changing their approach to the marketplace by creating and re-inventing life insurance policies that don’t work.
- In the 1970s, other life insurance companies were selling Whole Life insurance.
- In the 1980s, Universal life insurance was created.
- In the 1990s, Variable Universal Life was created.
- In the 2000s, Return of Premium Term Insurance was created …
- … and now they are going back to selling whole life insurance again.
Would you put your financial future in the hands of a company lacking a clear direction?
Three decades. One timeless principle. We stand for something!
Primerica has always believed families need affordable protection for today and control over building wealth for tomorrow. Our “Buy Term and Invest the Difference” approach to personal finance puts families in position to achieve their goals in life. We’ve never had to change our approach in the marketplace … because it works!
Tags: btid, buy term and invest the difference, family, finance, life insurance, Primerica, saving, term, term life insurance, universal life, variable universal life
Posted in Primerica |
