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36 week Financial FitnessPosted on January 13, 2007 at 4:58 AM - Post Comment43 Week Financial Fitness
3*90 Revolution 1*90 Revolution: Phase 1
Week 1 - Calculate my net worth: Chart last years spending (monthly and annually) AND crunch debt numbers. This will be a sobering first week. Also start mileage notebook in car. (Can be used for tax deductions for 2007)
Week 2 - Cost of living (What do I need to be making annually?); AND Percentages at banks (what's my percentage rates on my accounts? Do they offer high interest savings accounts? Minimum balances? Business account interest rates?) ALSO new housing options price /ameneties compare.
Week 3 - Find extra $$ sources to pay down debt. Start Envelope System of cash. Pay self first -- 10% of every cash recieved goes into (new) Emergency fund. Once fund is established, can take same 10% and put into $aving$ account. Tithe monthly.
Week 4 - Latte Factor calculator (Debt Diet site). Valentines Day = Love your Taxes Day. My taxes will be done by Valentines. *** Week 5 - (Feb 11 - 17) Set up online banking and bill pay and financial tracking. take advantage of employer financial programs like 401K / 403B Retirement savings. Install Money or Quicken program into computer; daily accounting. Week 6 - Create budget goals (short, mid & long term); create budget Week 7 - Create Life Information Organizer & Home Business financial focus; start to accrue stuff for Emergency Preparedness Kit. Week 8 - (March 4 - 10) Renters insurance. Digital photos and descriptions of belongings preparation/ Moving preparation.. Home Business financial focus. *** 9 - Home business financial focus. Emergency preparedness kit complete. 10 - Free Credit report. Compare to last year's report. Investigate how to improve credit score. 11 - ( March 25 - 31) Map out year's expenses. Research a smart credit card to have. 12 - Celebrate spring! Celebrate and make a list of how the last 90 days of focus have catapulted your Health and Wealth. Its also the week of April Fools day, Passover, Good Friday and Easter. Relish in colorful new spring fling dresses and skirts (home made) and take some photographs in the sunshine.
2*90 Revolution: Phase 2 Start fundraising for Breast Cancer 3 Day Walk; Also preparations for August Fringe Festival. 13 - School Loan payback calendar. Figure it. Stick to it. (Taxes deadline) 15 - Open Roth IRA & seek out Simplified Employee Pension (SEP) & Keogh info. 16 - Week of Flight to Holyoke Massachusetts. Travel budgeting; seeing friends.
Week 17 - May 6 - Day of Marathon Budget check in. How else can I be Earning? Saving? What am I doing well now that I've made serious changes? May 12 = Masters graduation commencement ceremony. You are ready for the next level. week investigate & ask around about a few stocks and mutual funds to invest in. Order investor's prospectus. Week 18 - May 13 = Mother's day. (May 13 - 19) Insurance week A: Disability Insurance Business financial check up. Financial organization check up. Make pie charts for YTD expenses, and savings. Summer plans are solidified: List cheap / free summer events and activities to participate in. Create list of new running /biking routes. Set budget for summer travel & events. Week 19 - Investmet Mix. Meet with a financial planner. Get into mid and long range goal planning and financial preparations = Car, Real estate, travel, retirement. Insurance week B: Medical Insurance Week 20 - This week Bolder Boulder 10K in Boulder Colorado with Bronwyn from New Zealand! Insurance week C: Life Insurance
21 - Insurance week D: Car insurance. Wrap up all insurance business. Where are you on 3 Day Walk donations? Fringe festival time frame and budget? 22 - Seek out investor information on non profits. 23 - June 17 = Father's Day. Have family photo taken. Investigate growth of Stocks. June 21 = First day of summer June 23rd - Great American National Backyard Campout! 24 - June 24 - 30. Celebrate all your hard work in Phase 2! Enjoy the start of Summer! Print out information about adventures, places to travel, and compile. Having information handy helps with future planning. This week book hotel in Chicago for October 1 Marathon and October 2 recovery. Check out theater events before marathon and after-marathon.
3*90 Revolution: Phase 3 25 - Mortality Clause: Create a Will & Living Will and FUN Funeral party. Establish pre-payment with funeral home; seek out information on pricing. Seek out info on burial plots. 26 - July 8 - 14. Financial organization check up. Make pie charts for YTD expenses, and savings. New financial life "Dr Feel Good" diagnosis. 27- TBD 28 - "Beware the Lure of Tax deffered Annuities." Research, who what where why when how about Annuitities (single premium & flexible premium; Immediate & deffered; Fixed rate & variable rate). I don't need them now, but you need to be knowledgeable about why. Then ask -- do I ever need them? When? Create a document and file it.
29 - July 29: Full Moon. TBD 30 - Aug 5 - 11 Fringe Festival Performances! 31 - Breather week. Regroup all fringe / 3 Day finances and personal finances. 32 - Aug 1- 25 Aug 24 - 27 Three Day 60 mile Breast Cancer Walk.
33 - Where were you a year ago -- take stock, take pause, take notice. TBD 34 - TBD 35 - Reflect on what have learned and achieved - Health & Wealth - Successes. 36 - Reflect on what want to learn / achieve now!
Chicago Marathon focus and training count down.
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