Series I: 180° CashFlow Strategies™
“Think Like a Business, Act Like a Bank“
HOW TO GUIDES:
- Creating your P&L buckets
- Obtaining a line of credit and questions to ask – how much to use
- Using the calculator See Calculator Example:
– this will be added into 1(c) workshop in Series I - Setting up your P2P account and how to make sure your funds are being invested
- How to do a sweep account using float cards and your line of credit
ASSIGNMENTS:
- Complete Your Discover Sheet
- Read “Five Wealth Secrets”
- Complete Personal P&L (Buckets)
- Line of Credit or HELOC
- Open up P2P Lending – Prosper or Lending Club
- Open up Equity Institutional Account
Part 1: “Defining the Money Buckets”
(This first 2 hour workshop provides the overview of the complete 16 workshop course.)
- Begin with the end in mind…. Many streams of income
- Tracking your personal P and L
- Decisions you make versus decisions “THEY” make for you
- Finding more of your own money Part 1 (part 2 in series II)
Part 2: “Using the Bank’s Money to Make You Money”
(This second 2 hour workshop explains how to increase cash flow by “acting like a bank”.)
Debt cards or Charge cards
Accounts Receivable / Accounts Payable
Understanding Operating Lines of Credit
Cash flow working with accumulation
Q and A
HOMEWORK: Complete the following prior to attending the final 1(c) workshop:
- Complete Spending Plan and Categories
- Research Lines of Credit (LOC)
- Secured and Unsecured
- Personal and Business
- Research first position Home Equity Line of Credit (HELOC)
Part 3: “Learning How to Sweep Accounts”
(This third 2 hour workshop will be a “hands on” class where you will learn to begin the process. Bring laptop computer to practice opening accounts online.)
- Sweep Accounts (Operating LOC)
- Be the bank, Peer to peer lending
- Linking your Checking to your sweep account
- Q and A
Part 4: “Putting Your Plan in Place”
(This final Series I, 2 hour workshop brings it all together; putting action to knowledge. Bring laptop computer. We will walk through the process of opening up a Peer-to-Peer (P2P) account.)
- Walking through the steps, and reviewing/discussing:
- Cash flow management with the 5 buckets
- How sweep accounts work with your line of credit
- Cash flow acceleration – provide an illustration
- If time allows, we’ll describe the differences between a Self-Directed IRA & Custodial accounts
- Q and A