Financial Wellness Training for First Responder Departments, Agencies, and Conferences

Empower your department with the premier financial wellness class that has been taught to tens of thousands of first responders from over 2,000 agencies nationally that teaches them how to build strong financial futures.

Building Financial Strength for First Responder Families Training

Our financial wellness training program is specifically designed for first responders. Taught department-wide, Building Financial Strength for First Responder Families is a 4-hour training class led by retired police officers that focuses on 7 core areas of financial wellness. This training will provide your employees with the critical foundation of financial wellness while additionally helping your agency fulfill fiduciary responsibilities to your employees. During these training sessions FinancialCop will not sell and/or push any products, or services which require contracts to your employees, and is strictly for financial wellness training only.

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Building Financial Strength for First Responder Families Training Topics

Financial wellness is not just about money or investments. Financial wellness comes from all the right pieces of the puzzle fitting together, helping ensure that the entire puzzle is completed. Learning the pieces of the puzzle is necessary to ensure complete financial wellness at your department is healthy and strong with your officers. Each one of our focus areas are crucial to ensuring that you are building financial wellness according to your goals and values. This training will help prepare your first responders, police officers, and public servants for a strong financial future.

One of your largest wealth building tools you have is your monthly income. When you don’t plan how your paycheck will work for you, you can adversely limit your ability to save, plan, or reach your financial goals like retirement.

One of the top ways to gain control of your finances is through one of the toughest things so many of us struggle with, a monthly budget. Even those of us that do a budget oftentimes don’t follow them and/or ensure that they really did what we expected them to do. For others we write some things down on a piece of paper and scratch their head at the end of the month wondering why nothing added up. That’s because they are not doing a zero-based budget. Every dollar, every month needs to be planned before the month begins.

What You’ll Learn
  • The basics of personal finance.
  • Budgeting 101 for individuals and families.
  • Setting up financial goals.
  • How to build a monthly budget.
  • How to track your expenses.
  • Tips for saving money.

Doing a Will or Living Will can be one of the biggest gifts you can give your family. It allows them to grieve. It can help avoid family money fights after death. We must plan accordingly.

Unfortunately, we have all experienced the loss of a brother or sister in the line of duty. What we don’t realize is that a large number of those we have lost died without a crucial piece of paper, a will!. These documents can be a key piece of the puzzle to help build financial strength and ensure that upon your passing, your wishes are carried out for your estate.

What You’ll Learn
  • The difference between a will and a living will.
  • Key components of a last will and testament.
  • Key components of a living will.
  • Wills and living wills for individuals.
  • Wills and living wills for married first responders.

You just got killed in the line of duty. You’ve been the one handling all of the finances but now you’re gone and your family is left to figure out the finances. Was your family prepared? Are they ready to step in and handle all the money? The bills? How do you prepare your family and give them a place to figure all of this stuff out? With a Legacy Go-Bag.

What You’ll Learn
  • How to organize your financial house.
  • Why you need a legacy plan and Legacy Go-Bag.
  • Key elements of a Legacy Go-Bag.
  • How to use a legacy plan to your advantage.
  • First responder special circumstances.
  • How to maintain you Legacy Go-Bag.

We never like to admit that we need help with debt management. Debt is a highly marketed item. Banks spend billions every year trying to convince you to go further into debt by utilizing their product; they are very good at what they do.

We have been led to believe that in order to be successful in life you have to have a good credit score. Your credit score evaluates how much debt you have, how long you’ve had debt, how well you pay your debt, new debt you accrue, and what kind of debt mix you have. But pay off and cancel a credit card and your credit score can decrease. Managing your debt can be daunting, but FinancialCop can teach you the best practices for getting control of your debt.

What You’ll Learn
  • How to create a debt management plan.
  • How to put your debt management plan into action.
  • How to deal with differing types of debt.
  • Debt reduction strategies such as the Debt Snowball Method.
  • Effective credit and debt management.
  • How to debt-proof your financial future.

You put on a bulletproof vest everyday before you hit the streets. It’s important to provide that same level of comfort to your family if the worst occurred. Would your family be able to maintain their current lifestyle if your salary suddenly vanished because of something tragically happening to you? You wouldn’t leave yourself unprotected by not wearing your vest, don’t leave your family unprotected from something tragically happening to you, or them.

What You’ll Learn
  • Types of life insurance you should consider.
  • What type of coverage and terms you need as a first responder.
  • How to analyze a life insurance policy quote.
  • How to know what price is acceptable.
  • Qualifications for life insurance.

Even worse, you may not realize this until it is too late. It can be difficult to catch up and make up the difference between your pension and your salary with other retirement savings options if you start later in your career. Time is one of the biggest contributing factors when it comes to separate retirement savings. The longer you have been saving, the more time can work in your favor with compounding interest.

If you have kiddos, especially young ones, the topic of college savings is important if you want to provide for some money for your children to attend without using debt to do so. One of the best ways for young adults to have a “step ahead” of their peers is to graduate college debt-free.

According to the Federal Reserve over half of college students in 2018 took on debt to do so and the class of 2018 graduated college with an average loan balance of $29,800. Think about putting your children in a position where they aren’t graduating with a monthly payment of between $200 – $300 right out of the gates.

What You’ll Learn
  • The best way to plan for college savings.
  • The best college savings plans for your unique situation.
  • The tax implications of a college savings plan.

How To Get This Training

1

Schedule A 15-Minute Call to Discuss your Agency’s Needs

During this 15-minute call, we’ll discuss the details of the training and how your department can benefit from financial wellness training.

2

Schedule the Training

We’ll work with you to set up training for your department or agency from start to finish.

3

Get the In-Person Training

We’ll spend 4 hours with your first responders, teaching them everything they need to know to build strong financial futures.

go bag

Get The Legacy Go-Bag Worksheet

Making healthy financial choices is essential to building a strong financial future. Our Legacy Go-Bag makes organizing and keeping track of your finances easy. A Legacy Go-Bag creates an organized place to have all important personal information and instructions to help your family locate items related to your personal finances and final wishes. A Legacy Go-Bag will help give them specific instructions, from you, about how you want things to occur in the event that you pass away or are seriously injured.

Organize your finances with the Legacy Go-Bag Worksheet.