Day By Day

A Colorado Non-Profit

Pilot Project

Coaches and Participants Pledge.

I am going to put forth the necessary time and effort needed and to do my part to help myWealthBeing program succeed. My commitment to myWealthBeing program is the follwoing:

To follow the plan as presented until the end, to identify areas of improvement for myself and the program and its processes. I will be an active participant will put forth the highest level effort and be mindful of others involved including my coaches while valuing everyone's time.

I will expect in return that others involved will commit in the same way and give the program the time and effort it demands.

Yes, I commit to this Pledge.

Day 0. Gather Financial Information

  • Assets

  • Debit

    • Credit Card Statements

    • Personal Loan Statements

    • Car Loan Statements

    • Home Loan Statements

    • Other Loans

  • Income Sources

    • Job(s) Income

    • Investment Income

    • Business Income

    • Gift Income

    • Other Income

  • Living Expenses

    • Housing Expenses (rent/mortgage/utilities)

    • Food Expenses (not restaurants)

    • Auto Expenses

    • Medical Expenses

  • Fun and Entertainment

    • Restaurants

    • Movies/Entertainment

    • Vacations/Travel

    • Gifts

    • Liquor/Other

    • Others

Day 1. Turn on Light

  • Update/Adjust Budget and Net Worth

  • Find/Identify one month emergency fund

  • Learn about the Wealth Cash Flow

  • Milestone:

    • Open a bank account with a brokerage service

    • Put together one months emergency fund

Day 2. Pay Off Debt

  • Update/Adjust Budget and Net Worth

  • Setup Wealth Cash Flow System

  • Create Snowball Debt Repayment plan

  • Milestone: Pay off all debt (except for home debt)

Day 3. Reach 6 Months Emergency Fund

  • Update/Adjust Budget and Net Worth

  • Start Emergency savings fund

  • Milestone: Milestone: Reach 6 months emergency savings fund

Day 4. Save For A Down Payment

  • Update/Adjust Budget and Net Worth

  • Contact a Mortgage Lender

  • Start saving for a down payment

  • Milestone: Reach downpyment savings goal

Day 5. Buy A House

  • Update/Adjust Budget and Net Worth

  • Contact Real Estate Agent and start process of homeownership

  • Milestone: Buy a house

Day 6. Invest In The Stock Market

  • Celebrate Homeownership

  • Update/Adjust Budget and Net Wort

  • Make a plan for investing in the stock market.