The LIFE

Saving
Marathon
Toolkit

THE LIFE SAVING MARATHON TOOLKIT

Copyright 2016
Lokshin Investment Finance and Economics Group
(PTY) LTD
All Rights Reserved

Feel free to email, tweet, blog, and pass this ebook around the web ... but please
dont alter any of its contents when you do. Thanks!
lokshineconomics.com

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THE LIFE SAVING MARATHON TOOLKIT

On your marksGet setSave!

Hi, thanks again for taking the initiative to build your financial muscle by joining our 52
Week Saving Marathon.
Just thought we should let you know that:

You will Never Regret Being Financially Fit!

We just want you to have fun and enjoy yourself in this 52 week long journey, but to
make sure that this happens you must be well prepared both mentally and physically.
If you follow the guidelines in this toolkit correctly, they will serve as a plan that will
take you all the way to the finish line and guarantee that you reach the end goal of
R 13,780.00!

If you fail to plan, you are planning to fail! ~ Benjamin Franklin

The LIFE Saving Marathon Toolkit

Ask anyone who has ran a marathon and they will tell you that there's a lot of
challenges and obstacles you face during a race. This race won't be different as it will
take us 52 weeks to cross the finish line. Thats why adopting order and structure to
our journey will go a long way towards achieving our end goal.
To guard you against these challenges and prepare you mentally for the temptations
and hardtimes that are almost guaranteed to come along, we encourage you to
follow the guidelines outlined in this savings toolkit to ensure you reach the finish line.
We know and understand how hard it is to start saving, so we took the initiative and
developed a system that will make this saving exercise less challenging for you.

Preparing for the Marathon

Every marathon runner knows that before taking on a race, they have to prepare
themselves mentally and physically through training and exercises. This ensures that
they achieve the best results in the race This race is no different, and this Toolkit will
sum up all the information you need about:

L OKSHIN I NVESTMENT F INANCE and E CONOMICS

THE LIFE SAVING MARATHON TOOLKIT

Pre race exercises you need to complete.

Strategies on how to best tackle the 52 week long saving marathon.
The rules you need to follow in order to ensure success.
When preparing this toolkit, we started off with the pre race training and exercising.
We asked the question:
How can we structure the whole race in a way that would ensure that the power of
saving would be at your fingertips, while at the same time making sure that the money
you have saved is stored in a safe place? .
To answer this question, we came up with the pre race training strategy outlined
below.

1. The Pre-Race Training Strategy

Take a jog and visit the nearest branch of the bank you use for your daily transactional
banking and complete the THREE exercises outlined below:
1. Open a 32 days notice account.
2. Create a payment link between your transactional account and the 32 days
notice account you opened.
3. Enable cell phone banking and internet banking profile at the branch.

What is the purpose of the above training?

To promote convenience and ease of completing transactions and savings.
The above training is designed to ensure that you are able to save your money
anywhere and at anytime!

For the working class

We know how debit orders leave you feeling a few days after pay day. So with this
strategy, you can even beat your monthly debit orders by making a midnight transfer
to your savings account straight after getting paid Even if it's just after midnight
*wink*

L OKSHIN I NVESTMENT F INANCE and E CONOMICS

THE LIFE SAVING MARATHON TOOLKIT

For the students

Or if youre a student, after getting your allowance from your parents , sponsor or
from your part time job, you can quickly stash your cash away before that parasitical
friend of yours comes and asks for a loan...You know who we talking about, no need to
mention names Because we know how hard it is to be a student *wink*

2. The rules and guidelines

We have broken down the rules of a traditional race Yes we have, I mean who ever
said that we should ALL start at the same place when participating in a race?... That's
so ancient!
We are not the same in our strategies and approaches in life and this remains true
also for athletes in the world. Some of us are pacesetters and love to open the gap
from the start. while some of us enjoy a back to front racing strategy and start slowly
and work our way up in the lead.
No matter what type of an athlete you are, the LIFE Saving Marathon is designed to
accommodate all types of strategies and approaches adopted by participants, so
look at our rules below so you can see how we accommodate everyone.
PS: These rules are made to encourage you and make sure you get the best out of the
marathon.
As we mentioned, this is a different type of race, where you can start anywhere on the
track, it's up to you! The results are the same for everyone Just make sure you tick
off your route in the progress chart.

Rule 1: You are encouraged to surge and break away from the crowd.
So as mentioned some people like to surge and set the pace high at the beginning, so
to accommodate these pacesetters we thought it would be greate that:
1. You do not need to follow the chronological order of the progress report when
depositing funds.

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THE LIFE SAVING MARATHON TOOLKIT

For example, according to the structure of the race and the progress log, participants
in the marathon start the race in the first week of the year by depositing R10 into their
savings account.
The second week is followed by a R20 contribution and the third week by R30. The
amount of money you contribute each week increases by R10. This means that in
week 20 you will be required to contribute R200 and in week 52 you will have to pay a
contribution of R500 .
Following this structure of the race guarantees that when the deposits are summed
up, they will make up a total amount of R13 780 at the end Nice right?
Yeah it is, but practically speaking when you look at week 52 of the year this week falls
in the last month of the year . And truly speaking from experience and observation, it
is really hard to fork out that much amount of money at the end of the year during the
festive season.
Plus a lot of challenges and obstacles come up as the year settles, so to make things
easy we decided that you can start anywhere you like on the chart it's up to you And
it makes perfect sense.
I mean If you feel all psyched up and ready to save and have some extra cash lying
around, who are we to stop you from starting on a high note!
Infact we encourage you to start fast!
But again if you in a tight financial situation, you can start of on a slow pace and work
your way up during the year ...Once you feel you want to take things up a little bit, you
can do so at anytime... it's your race after all!

Rule 2: You are allowed to make late payments

Payment into your savings account for the following month is payable at the end of
the current month. So payment for the month of march is due at the end of feb, and
that of feb is due at the end of january!

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THE LIFE SAVING MARATHON TOOLKIT

If you want to deposit your weekly contribution as one payment at the end of the
month instead of paying weekly deposits, that's fine as it will make the challenge
much easier for you. But if you do fail to do it, be honest with yourself and pay the
interest due.
In the month of January you are required to pay a total of R100 into your savings
account. If you have this amount then you can pay it all out.
We know that financially, times can be tough and that everyone goes through a rough
patch. So if it happens that you dont have the contribution during a certain week of
the race, it doesn't mean it's the end of the world! It doesn't have to be a train smash...
you have an allowance of a 3 week lag in each month, this means that you can miss a
maximum of 3 contributions each month.
But being behind also has it consequences the first week behind has a penalty of 10%
interest while the second lag has a penalty of 20% interest and the third lag has 30%
interest . All these amounts including the interest charged must be paid by the fourth
week of the month.
Therefore this means that when depositing the outstanding contributions, you have to
pay the weekly amount PLUS the penalties charged.

For example, in week 10, you are required to contribute a R100 But if it happens that
things are tight and you can't make payment, you can skip the weeks payment.
But when you eventually pay that week's contribution you will have to contribute the
principal amount, which would be the hundred rands Plus the 10 % interest for late
payment.
Here's a table to illustrate this calculation.
Principal
Principal x10%
Total Amount

R100
R10
R110

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THE LIFE SAVING MARATHON TOOLKIT

3. Progress Log
One of the most influential books for personal development written in modern
literature is a book by Stephen R. Covey titled: The 7 Habits of Highly Effective
People. In that book the second habit says you must:

Begin with the end in mind.

Open your imagination and envision the 52 week mark, not only will you have built
yourself more wealth ... But you will have also trained your mind and will power and
came out tops in the battle.
Thus we have made the progress log for you so that you can track your progress.
Use your progress log to mark your progression along the 52 week long marathon
route. The log has well deserved water stations and different marks where you will see
how far you have come along the race
You can download the log here, print it out on an A3 sheet of paper and paste it
on the wall of your bedroom at Res or at your flat Or put it in your workstation at
work. Maybe you have already downloaded the log as it also included as a separate
download from this toolkit .
Again, make sure that you download it and print it on an A3 paper sheet. Paste it on
your wall and use it as an encouragement until the last day. It will help you keep track
of the weeks youve been able to conquer during this year long marathon. This is a
great way to track of your savings journey.

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THE LIFE SAVING MARATHON TOOLKIT

4. The Social Media Community

Every week be sure to visit the LIFE 52 Week Saving Marathon group on facebook so
that you can share your progress with other participants. We will also be be posting
videos weekly on youtube and facebook where I (Samkelo) make the weekly or
monthly contributions into my savings account and tick off my progress log. We will
keep you updated on what's happening around the challenge on the various social
media platforms that Lokshin Investment Finance and Economics - LIFE uses. Join
our group and also follow us on social media to get the latest on everything that has
to do with financial matters and entrepreneurship.
These are all the guidelines you should follow so that this journey becomes a financial
success for you at the end of the year. As my mom always says, everything in life
starts from the bottom and rises to the heights of greatness, only a coffin carrying a
corpse starts from the top and goes down to the bottom
So for everyone who is alive and kicking today.. start building your financial muscle
and tell your family and friends to join the LIFE 52 weeks savings marathon.
Congratulations, you are now part of history as we start the first annual LIFE saving
Challenge.

Building financial muscle and testing financial endurance, You will never regret being
financially fit!

L OKSHIN I NVESTMENT F INANCE and E CONOMICS

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