Beyond Financial Fitness Workbook

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TWO Directing the Cash Flow “Those who do not understand the power of compound interest are doomed to pay it.” —Anonymous In essence, you never stop paying ________________ first; you just change where it goes as time passes. A life lived _______________ mere financial fitness involves the mature and responsible allocation of your money flow into the uses that will best serve the overall needs and higher ________________ for your life. When we are blessed with money, even the tiniest amount, we are duty-bound to become a ________________ with a portion of that money. It is hard to build ___________________ when you yourself are someone else’s _______________. In the original <strong>Financial</strong> <strong>Fitness</strong> book, we talked about the very simple but important concept of “paying oneself first.” The idea is that a portion of all the money you earn is yours to keep. Turning the crank on the pump represents what you do to earn your money with your job and/or business. The concept of paying yourself first involves automatically and consistently channeling some of the cash flow from your money pump into asset accumulation. Let’s take a look at the status of your current You, Inc. Investment Hierarchy. What percent are you currently “paying yourself” monthly?
In what ways are you currently “investing in yourself”? Do you see areas where you could invest more in yourself? If so, where? How much money do you currently have in Level Two (Emergency Fund), and how many months expenses does that equal? What is your Emergency Fund goal? (Circle one) 3-4 months 5-6 months 7-8 months more than 8 months What is your goal date:___________________________
Page 4 and 5: The information presented in this b
Page 7 and 8: CONTENTS Introduction Part I—Comp
Page 9: that outlines how you will earn, sa
Page 12: Your goal should be to get by on on
Page 17: Think of some examples of people yo
Page 20 and 21: Do you already have a Durable Power
Page 24 and 25: FOUR The Top of Hierarchy “The gr
Page 26: • Index funds are an easy way to
Page 29: How does deflation affect your fina
Page 33 and 34: What does this chart tell you about
Page 35: True/False 2. If interest rates go
Page 39: True/False 4. ETFs will almost alwa
Page 42 and 43: What does this graph tell you about
Page 44: Bonds = 35% Stocks = 40% Real Estat
Page 47 and 48: “Trust in time rather than ______
Page 49: ___________________________________
Page 52 and 53: True/False 10. Those who sufficient

Beyond Financial Fitness Workbook

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