Don’t wait for someone
to bring you flowers
Plant your own garden
& decorate your own soul
budget planner FINANCIAL FREEDOM
NAME DATE
Financial Freedom
I’m going to give you exact blueprints on how to become financial free from debt, worry, stress, overwhelm and simply live within your means and enjoy doing so. Because despite what everyone is saying, being billionaire is not the end goal - feeling like one is.
are you ready? let’s get started!
table of contents FINANCIAL FREEDOM ROADMAP overview 4 pillars of financial freedom your financial goals
PILLAR ONE: DEBT ELIMINATION what do you owe how should you pay it off fixed vs variable expenses what can you eliminate or reduce making more income
PILLAR TWO: MONTHLY BUDGET monthly budget trackers annual wrap up
PILLAR THREE: WEALTH CREATION your assets appreciation vs depreciation
PILLAR FOUR: SAVING UP Your kids Your dream vacation Your retirement Your gift-giving season
Saving a small amount
soon builds up to A large amount
financial freedom roadmap
What’s inside
Debt Elimination
Monthly Budget
Wealth Creation
Saving Up
Guided advice to get you on the road to financial freedom
1
2
3
4
Your financial theme word for the year In 2020, the financial theme I am going to live and spend by is... Choose a theme word, phrase, person or ideal to help reframe your financial actions, goals, dreams and attitude for 2020 examples could be determination, minimalism, profit first, perseverance, survival, debt elimination, wealth creation, saving up for a rainy day, house down payment fund.....
I want to...
long-term goals
list out your big long-term revenue goals
list out the amazing trips you plan to take list out the incredible experiences you want to curate list out features of the dream house you want to purchase...
what will that feel like
Once I achieve my long-term goals
list out how amazing it will feel to be debt-free, wealthy, retirement ready, able to afford your dream vacation, tow purchase your second home, to buy a Ferrari for your kid
Debt Elimination
Current Situation
1 Future Dream Situation
Monthly Budget
Current Situation
2 Future Dream Situation
Wealth Creation
Current Situation
3 Future Dream Situation
Saving Up
Current Situation
4 Future Dream Situation
1st quarter goals
• Quarterly Goals for Jan/Feb/Mar • List out 3 Major Financial Goals you want to focus on for this
next quarter • Then list the action to complete them
Quarterly Goal #1
Action Steps
Quarterly Goal #2
Action Steps
Quarterly Goal #3
Action Steps
2nd quarter goals
Q2
• Quarterly Goals forApr/May/June • List out 3 Major Goals you want to focus on for this next quarter • Then list the action to complete them
Quarterly Goal #1
Action Steps
Quarterly Goal #2
Action Steps
Quarterly Goal #3
Action Steps
Q3
3rd quarter goals
• Quarterly Goals forJuly/Aug/Sept • List out 3 Major Goals you want to focus on for this next quarter • Then list the action to complete them
Quarterly Goal #1
Action Steps
Quarterly Goal #2
Action Steps
Quarterly Goal #3
Action Steps
4th quarter goals
Q4
• Quarterly Goals for Oct/Nov/Dec • List out 3 Major Goals you want to focus on for this next quarter • Then list the action to complete them
Quarterly Goal #1
Action Steps
Quarterly Goal #2
Action Steps
Quarterly Goal #3
Action Steps
Having loads of money
does not make you a better person Spending it wisely does
pillar one: debt elimination
Debt Elimination
Who do you owe money to & how much
1
how should you pay it off
List your loan amounts from smallest to LARGEST This is the order you want to pay them off in
fixed expenses
• List out all of your fixed monthly expenses • Examples include: car payments, mortgage payments, rent, property
taxes, gas, electric, water, etc.
Vendor
Amount
Due Date
variable expenses
• List out all of your variable monthly expenses • Examples include: entertainment like Netflix, HBO, manicures, spa day,
eating out, hosting parties
Vendor
Amount
Due Date
what can you eliminate
• Trim the excess - list out expenses you can EITHER eliminate
Vendor How much will Starting Elimination you save when?
can you make more income
• Do you have extra time to get a second job
• Examples would inclue Uber, online virtual assistant, dog-sitting, cat-
sitting, selling your extra clothes, shoes, accessories, providing cleaning servides
New Job
How much will Starting you make when?
Don’t wait for someone
to bring you flowers
Plant your own garden
& decorate your own soul
pillar two: monthly budget
January Bills Mortgage/Rent Car/Transportation Insurance (Home/Car/ Phone) Electricity Gas Water Trash Cable Internet Phone Groceries Eating Out Gym Spa & Hair Clothing Maintenance (Car, House repairs) Pets (Cat/Dog food and vet bills) Travel Other Total
Amount
Actual
Date
Paid Y/N
February Bills Mortgage/Rent Car/Transportation Insurance (Home/Car/ Phone) Electricity Gas Water Trash Cable Internet Phone Groceries Eating Out Gym Spa & Hair Clothing Maintenance (Car, House repairs) Pets (Cat/Dog food and vet bills) Travel Other Total
Amount
Actual
Date
Paid Y/N
March Bills
Amount
Mortgage/Rent Car/Transportation Insurance (Home/Car/ Phone) Electricity Gas Water Trash Cable Internet Phone Groceries Eating Out Gym Spa & Hair Clothing Maintenance (Car, House repairs) Pets (Cat/Dog food and vet bills) Travel Other Total
Actual
Date
Paid Y/N
April Bills
Amount
Mortgage/Rent Car/Transportation Insurance (Home/Car/ Phone) Electricity Gas Water Trash Cable Internet Phone Groceries Eating Out Gym Spa & Hair Clothing Maintenance (Car, House repairs) Pets (Cat/Dog food and vet bills) Travel Other Total
Actual
Date
Paid Y/N
May Bills
Amount
Mortgage/Rent Car/Transportation Insurance (Home/Car/ Phone) Electricity Gas Water Trash Cable Internet Phone Groceries Eating Out Gym Spa & Hair Clothing Maintenance (Car, House repairs) Pets (Cat/Dog food and vet bills) Travel Other Total
Actual
Date
Paid Y/N
June Bills
Amount
Mortgage/Rent Car/Transportation Insurance (Home/Car/ Phone) Electricity Gas Water Trash Cable Internet Phone Groceries Eating Out Gym Spa & Hair Clothing Maintenance (Car, House repairs) Pets (Cat/Dog food and vet bills) Travel Other Total
Actual
Date
Paid Y/N
July Bills
Amount
Mortgage/Rent Car/Transportation Insurance (Home/Car/ Phone) Electricity Gas Water Trash Cable Internet Phone Groceries Eating Out Gym Spa & Hair Clothing Maintenance (Car, House repairs) Pets (Cat/Dog food and vet bills) Travel Other Total
Actual
Date
Paid Y/N
August Bills Mortgage/Rent Car/Transportation Insurance (Home/Car/ Phone) Electricity Gas Water Trash Cable Internet Phone Groceries Eating Out Gym Spa & Hair Clothing Maintenance (Car, House repairs) Pets (Cat/Dog food and vet bills) Travel Other Total
Amount
Actual
Date
Paid Y/N
September Bills Mortgage/Rent Car/Transportation Insurance (Home/Car/ Phone) Electricity Gas Water Trash Cable Internet Phone Groceries Eating Out Gym Spa & Hair Clothing Maintenance (Car, House repairs) Pets (Cat/Dog food and vet bills) Travel Other Total
Amount
Actual
Date
Paid Y/N
October Bills Mortgage/Rent Car/Transportation Insurance (Home/Car/ Phone) Electricity Gas Water Trash Cable Internet Phone Groceries Eating Out Gym Spa & Hair Clothing Maintenance (Car, House repairs) Pets (Cat/Dog food and vet bills) Travel Other Total
Amount
Actual
Date
Paid Y/N
November Bills Mortgage/Rent Car/Transportation Insurance (Home/Car/ Phone) Electricity Gas Water Trash Cable Internet Phone Groceries Eating Out Gym Spa & Hair Clothing Maintenance (Car, House repairs) Pets (Cat/Dog food and vet bills) Travel Other Total
Amount
Actual
Date
Paid Y/N
December Bills
Amount
Mortgage/Rent Car/Transportation Insurance (Home/Car/ Phone) Electricity Gas Water Trash Cable Internet Phone Groceries Eating Out Gym Spa & Hair Clothing Maintenance (Car, House repairs) Pets (Cat/Dog food and vet bills) Travel Other Total
Actual
Date
Paid Y/N
annual wrap up - what went well
annual wrap up - what went NOT so well
Debt
is the worst poverty
pillar three: wealth creation
list out all of your major assets
make a list of future dream assets
appreciation
• List out all your assets that will appreciate over time - increase in
value that you want to hold on to and insure
asset
current value
future value
depreciation
• What are some assets that are depreciating in value that you could
consider getting rid off or trading in • Depreciating assets are totally worth it if you enjoy them and
understand that they will not increase your overall wealth and are just for fun and pleasure
asset
current value
future value
save money
and money will save
you
pillar four: saving up
saving up for kids
• You want your children to have the best dream childhood ever but
can you afford the price tag that goes with it? And oops - what if your fertility treatments work so great - you have twins, triplets or septulets!! • Let’s plan for your kid’s perfect childhood • $233K - average cost o raise a child to age 18 - DOES NOT INCLUDE
COLLEGE OR KIDS TAHT REMAIN LIVING AT HOME INTO ADULTHOOD • How will you come up with an extra $2K per year
where will the extra $12K/year come from
how will you save for college
the average cost of tuition and fees for the 2019–2020 school year was $41,426 at private colleges, $11,260 for state residents at public colleges and $27,120 for out-of-state students at state school Source: US News & World Reports
saving up for retirement
• The average over 65 year old household spends $50K/year • Will you have enough saved up to pay your expenses • Will you need to keep working • Will you still be able to go on vacation • Are you planning to spoil your grandchildren
• What if your children move back home or need signifant financial
assitance from you
where will the $50K/year come from
how will you save for it
don’t forget about emergency expenses - just because you’re retired doesn’t mean there won’t be emergencies in your future
saving up for vacation
• The average vacation costs $4,580 for a family of four • Do you take more than one vacation per year
• Do you need to finance separate vacations like spring break and
summer trips through Europe for your children • Do you need to pay for extra kids that your children want to bring
along or an older relative that wants to join too?
where will the $4,580/vacation come from
how will you save for it
don’t forget about unforseen expenses like obtaining or renewing a passport, upgrading to first class, lost luggage, cancelled flights
saving up for gift-giving
• The average Christmas gift-giving season costs you $942
• Do you have bridal showers, baby showers, weddings, bar mitzvahs
and other celebrations that you need to provide gifts for? • What about decorations • Are you hosting the event • Will you need to travel to these events
where will the $942/Christmas come from
how will you save for it
don’t forget about unforseen expenses like obtaining or renewing a passport, upgrading to first class, lost luggage, cancelled flights