⌚️ Step 2: Burn Rate & Buffer

⌚️ Step 2: Burn Rate & Buffer

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Money $trategy $chool 2.0

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Course Welcome

  • Course Welcome & Introduction 👋
  • Quiz Required: Student Start-Up
  • Course tips & important info ☝️
  • Course feedback 📋

Files & Links 🔗

  • Links to workbooks & spreadsheets

SECTION 1: MOTIVATE

  • Find your "why" with vision planning 🔮
  • Create big dreams 💭
  • Find your milestones 📍
  • Set specific short term goals 🎯
  • More of, Less of... 📊
  • Bring it to life! 🖼️
  • Motivation's secret sauce 🍯

SECTION 2: AUTOMATE

  • Core vitals spreadsheet overview
  • Monthly income calculation & bills list
  • Simple debt list & credit check-up

SECTION 2.1: Spending Bucket - Your modern life budget

  • Goal of the spending bucket strategy 💸
  • Stupid simple budget design & the key element ✨
  • Budgeting by time with the Burn Rate Budget ⌛
  • Quick Reference: Budget structure brainstorm list 🧠
  • Quick Reference: Powerful practice: The 3 R's for lower spending 📉
  • 🚨 BONUS Alert! Life Automation ➡️ Spending Control
  • No drama approach to succeeding with your spending plan ☮️

SECTION 2.2: Savings Bucket - Save Money Like You Mean

  • Set-up for savings success ⭐
  • *UPDATE* New info on interest rates & your savings account
  • Spreadsheet startup: Intro to the spreadsheet pieces 💻
  • Spreadsheet startup: Extra spreadsheet tips & troubleshooting ⚙️
  • Strategy guide: Setting targets for your 3 layers of savings 🎯
  • Strategy guide: How to fund your targets 💰
  • Setting up your own savings account spreadsheet 📈
  • Further operationalizing the savings spreadsheet & what's next 😎

SECTION 2.3: Debt Attack Bucket

  • Debt is simple ☝️
  • Get organized & prioritized ✔️
  • Resources for complicated debt or credit 🛠️

SECTION 2.4: Bills Bucket (& Monthly Cashflow)

  • Overview & goal for bills management 🥅
  • Building your checking account spreadsheet 💻
  • Timing bills with income (when you're not yet 'one month ahead') ⌚
  • The monthly bills scheduling & projecting session 🥂
  • The monthly bills scheduling & projecting session - Example Video
  • Weaving in spending transactions (without going crazy) 🤑
  • 🚨 BONUS Alert! 90-Day Cashflow Plan Training

SECTION 3: ACCELERATE

  • Strategic cashflow shifting to accelerate goals 🚀
  • Tactics for "burst" cash inflow 🧨
  • Leverages points to adapt to change & protect your goals 👌

SECTION 4: EVALUATE

  • Why Evaluate? 🤔
  • The stuff that creates progress: lead & lag measures ⚡️
  • Faster progress for the long haul with debriefing 📈
  • Intentionally delayed actions & decisions 📌

⌚️ BONUS: Budgeting by Time with the Burn Rate Budget

  • ⌚️ Introduction
  • ⌚️ Step 1: Monthly Spending Cap
  • ⌚️ Step 2: Burn Rate & Buffer
  • ⌚️ Step 3: Implementation & Customization
  • ⌚️ Step 4: Tracking Over Time
  • ⌚️ Step 5: Stick To Your Limits
  • ⌚️ Powerful practice: The 3 R's
  • ⌚️ Step 6: Analyze, Tweak & Refine
  • (BONUS!) Weekly planner printable with budget - The Family Money Mentor.pdf
  • (BONUS!) Burn Rate Budget Quick Start Guide

BONUS files & worksheets

  • 🎁 Automation Masterclass Replay
  • 🎁 90 Day Cashflow Plan Training (Bonus training from 30 Day Level-Up)
  • 🎁 Spending Strategy Mindset Secrets eBook - The Family Money Mentor.pdf
  • 🎁 Make $100 fast tip list - The Family Money Mentor.pdf
  • 🎁 $500 fast Bingo card - The Family Money Mentor
  • 🎁 $10 Decisions worksheet printable
  • 🎁 Vision Planning Worksheet

SPECIAL TOPICS: Video Vault

  • 🎬 'Retired training' - Cash stashing mindset & strategy for one-time goals
  • 🎬 How to pick a good balance transfer credit card
  • 🎬 How to curb food spending
  • 🎬 Deciding whether to invest in a 529 plan
  • 🎬 Retirement prep questions & investing tips
  • 🎬 Inflation gameplan
  • 🎬 Vision planning food for thought