Financial Abstinence L.L.C. | Application Preview
Financial Abstinence L.L.C. is seeking government grants to support its mission of enhancing financial literacy in the United States. The funding will be allocated towards office rent, video recording equipment, software development, and small marketing efforts.
The company, founded by financial experts Rickey Smith and Edgar Langle in Santa Ana, CA, aims to address the pressing issue of financial illiteracy among Americans, which remains a significant challenge despite a decade of economic growth. The business plan outlines the need for targeted education in financial management, highlighting that many Americans struggle to understand essential concepts such as debt management and retirement savings.
Financial Abstinence offers an innovative approach to financial education through online courses and personalized mentorship. Their programs aim to close knowledge gaps and empower individuals with skills to secure a financially stable future. The company emphasizes a curriculum that not only teaches financial basics but also includes advanced topics like investing in assets and effective debt management.
The application underscores the importance of their services in a changing financial landscape, where increased economic pressures can exacerbate financial struggles. With testimonials from clients who have successfully improved their financial situations, the company argues for the necessity of its educational model and the impact it can have on individuals' lives.
Financial Abstinence believes its competitive advantages include exceptional customer service that fosters long-term relationships with clients, a timely focus on disrupting the personal finance education market, and a lean business model utilizing the latest technology for efficient delivery of educational content. Their focus on ongoing student support after course completion is another key differentiator, setting them apart in the marketplace.
Overall, Financial Abstinence aims to not only educate but also guide individuals toward making better financial decisions and ultimately achieving a debt-free, secure financial future.
-
General Information
Business Registration Number: 85-0572525
Location: Beloit, WI, United States
Length of Operation: less than 5 months o
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
-
Funding Usage
It will be used for upcoming offices rent, video recording equipment, software development , and Small Marketing efforts
-
Business Plan
Objective: Financial Abstinence (also referred to as “the Company,” or “FA”) is a new Santa Ana, CA based company (www. financialabstinence.com) that financial industry experts Rickey Smith and Edgar Langle are excited to introduce to the American populace. The launch of the Company is perfectly timed since the country faces a severe lack of financially knowledgeable individuals for even many of the basic personal money management tasks.The objective of this business plan is to identify the future target clients, explain the marketing and operational strategy and outline the best growth strategy to promote sustained profitability. Problem1 2 3 Despite economic growth and declining unemployment over the past 10 years, there are troubling signs that the American population – already less-than- expert money handlers – is no longer showing any signs of improvement in terms of financial capability. A number of research reports and studies have made it clear that there is a glaring need to focus on financial literacy. As one of the most striking examples of such conclusions, the TIAA Institute-GFLEC Personal Finance Index, or P-Fin Index, indicated that only about half of Americans grasp the concepts behind managing debt, saving for retirement, or insuring against major risks. Solution: Financial Abstinence is a financial education company whose mission is to educate individuals in financial literacy and create a clear, actionable path towards debt-free, secure financial future. Using a combination of online courses and semi-customized 1-on-1 mentorship, Financial Abstinence is committed to closing the most basic and pressing knowledge gaps when it comes to personal financial matters for Americans of all ages. The new school is here. If all of these financial education companies where impactive to the financial literacy curve there would not be research dating back thirteen years of how america has suffered to get passed the financial literacy curve. I took two students who knew nothing and helped them to buy their first home in less than a year. I have real written testimonials. MY COMPANY IS HERE FOR: Flattening The learning curve: Financial Abstinence is working to flatten the learning curve through a straightforward, ongoing education. We at Financial Abstinence offer multiple Academy courses from Personal Financial Basics to investing in assets such as Real Estate, Stocks, Bonds, Mutual Money Markets, Roth Ira, and REITs. Empowering our students: We empower our students through one on one financial coaching options. Where we coach and mold our students into better, financially literate individuals. So that they never have to deal with stressful financial hardships ever again. We are there for you to answer any of the questions you may have surrounding topics like whats the smartest way to purchase a vehicle, what’s the best Stock on the market, how do I buy a home with low income? We Also teach you debt consolidation techniques for multiple debt loads or write out the plan for you. Acquiring assets over liabilities: It is all about a straightforward thing acquiring assets over liabilities. Liabilities time after time has been the cause of financial hardship. Debts such as buying expensive clothes, purchasing an overpriced vehicle, buying overpriced jewelry, unneeded shopping sprees, Buying all this makes you happy short term, but what does it do longterm for you financially? Can you make your money back from these depreciating liabilities? Securing our students financial future: We secure our student’s futures by setting them on a learning path to wealth. It does not get anymore more straightforward than that. If you want to see a change in America, and especially CA we are here for you.
-
Self Identified Competition
Competitive Advantages: The management team at Financial Abstinence believes it has the ability to tap into the following competitive advantages: Customer Service Redefined: Financial Abstinence will provide a unique partnership experience with their students and back it up with exemplary follow-up service. The Company will become known as a destination that not only conveys practical financial educational initiatives, but it also aids in networking and finding resources for students who are ready to take even further financial steps beyond FA. In other words, Financial Abstinence cares about what happens after the client completes the course content. Market Timing: The industry associated with personal financial education is ripe for disruption given the geopolitical climate surrounding worldwide central banks – and especially the Federal Reserve. Interest rates are on the cusp of going below zero, and many experts believe that this will put even more pressure on the Treasury to begin moving toward a currency not associated with the Federal Reserve5 . The bottom line is that, in the near future, Americans’ lack of knowledge about the way the monetary system works will become a mainstream issue – shining a light on those companies which are in business to help consumers through these especially difficult times. Lean, Efficient Business Model: The quickly-evolving technology in the eLearning industry allows Financial Abstinence to start with a “clean slate” with a wealth of opportunities to optimize the Company’s operating footprint. FA is targeting Thinkific as the digital platform which will house and administer the Company’s educational content. Thinkific is one of several mature LMS’s or Learning Management System that allows the easy administration of large amounts of information in a user-friendly, web-based environment. It is a cloud-based system that also helps with the marketing, payment, security, and student group interaction. • Market timing, U.S. in the midst of a consumer-driven change that will ultimately empower the consumer – making financial knowledge all the more important • Lean and efficient business model • Exemplary customer service and post-course attention to furthering applications of learned content • Newer technology to improve product quality and new service opportunities. • Expansion beyond English speaking ar
-
Contact Applicant
Subscribe to our Administrator Dashboard to gain full access to this application. Learn More
