Financial Foundation
Concepts/Formulas
System
GX
BONUS +50 pts
100

What are the four steps in the financial house?

Protection, Debt Management, Emergency Fund, Investment

100

What is the name of the method used to eliminate debt?

Debt Rollup

100

You are only one recruit away from...

Explosion

100

What do you need to qualify for GX?

3/15

100

What is the anual overseas trip called?

Supertrip

200

What is inflation known as?

The silent killer

200

What does DIME stand for?

Debt

Income 

Mortgage

Education

200

What are the 4 contracts?

TA, A, MD, SMD

200

Is the GX qualification personal or base?

Personal

200

What city is G25 going to be at?

Sacramento, CA

300

What 3 things does proper protection cover?

Life, Health, Income/Assets

300

What are the 3 tax buckets?

Tax now, tax later, tax advantage

300

What are the four mentalities?

Meeting, Teamwork, Fast Start, Recruiting

300

How does one become a GX MD?

Close your GX 3 times in 5 months
300

What town is WSB Headquarters located?

San Jose, CA

400

70% of people over the age of 65 will require what service?

Long Term Care

400

What is formula 10/20?

10x income = protection 

20x income = retirement

400

What is J.O.S?

Join, Own, Share

400

If an MD hits their GX, what is there commission?

$7,500

400

Who owns WFG?

Transamerica

500

What is on page 48 of the SYF book?

Annuities

500

What does the rule of 72 help you calculate?

The number of years it takes for your money to double


500

Name all the books in the fast start kit?

The Moment of Truth, Building People, Saving Your Future, System builder book, Workbook, and Trainer Manual

500

How many GXs in your BASE do you need to make $1M?

10 GX in your base

500

What's the name of the president of WFG?

Todd Buchanaan