b1 The Wealth Dna Code 30 Day Planner Ebook
b1 The Wealth Dna Code 30 Day Planner Ebook
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DayNine ........................................................................................................................................................................ 28
Day Eleven................................................................................................................................................................... 32
Day Thirteen................................................................................................................................................................ 37
Day Eighteen............................................................................................................................................................... 47
Day Twenty-Six.......................................................................................................................................................... 65
Day Twentry-Seven.................................................................................................................................................. 67
Day Twenty-Eight...................................................................................................................................................... 70
Day Twenty-Nine....................................................................................................................................................... 73
1
DAY ZERO
There is no better time to decide to be organized and in the know about your
As you plan your new year resolutions, it is important that you consider becoming
disciplined about expenses and savings. As you approach a new year, resolve to
do things differently regarding your finances and set yourself up to reap great
benefits.
And I have the best solution for you - To create a Wealth Plan.
By creating a 30-day plan to deal with issues regarding your finances, you will
find yourself saving more, reducing impulse buying and having a better
the next level. And it doesn't have to be implemented at the beginning of the year;
As you start this wealth plan, see it as a way of getting you out of the financial
rut you’ve been in for years. If you can follow this plan strictly, these next 30
days may be the start of a much better life as you become a better financial
steward.
2
I would like to suggest that you start on a Sunday. You can set aside weekends
to deal with long-range objectives. It will surprise you just how well your financial
math will balance by the end of the month. You will have less financial stress and
your bank account will be healthier than it has been in a long time. Let’s get
started.
3
DAY
4
Day One: Convince Yourself That You Need To Change
If you are half way in, the plan will likely fail.
So, before you consider anything else about your finances, you must sell the idea
to you and buy it. Convince yourself that understanding your finances is
important and that it will transform your life. To do this, the first thing you need
table:
Commitment Yes No
5
In addition to filling in the commitment table above, ask yourself
8. How have I been tracking my expenses and where have I been failing?
10. How flexible and realistic is my budget? And why is it important that a budget
12. What books and other resources can I commit myself to read as a way of
6
14. How do I usually plan for periodic expenses like holidays, weddings,
15. What steps do I need to take towards teaching my children why it is important
7
DAY
8
Day Two: Identify Your Areas Of Weakness
You are now preparing to tackle your finances. This re-organization will require
you to develop new and better money habits. It is important that you set goals
that are realistic, that take advantage of the areas you are strongest at. The table
below will help you identify the areas you are weak and what you could do to
improve them.
2.
3.
4.
5.
6.
9
7.
8.
9.
10.
Add more challenges and weaknesses you have, and find the appropriate solution
for each.
10
DAY
11
Day Three: Weigh In On All Your Income And Expenses
It is important to understand what you owe and what you were owed.
Create a list of all that you owe and categorize them. Create the list to show you
your financial situation for this year (i.e. the past 12 months). This big picture is
preferable to a month to month view to show you how your monthly financial
You will clearly see the impact some irregular and seasonal expenses like gifts
and property taxes have on your financial well-being. Take a look at how much
you made the whole year, how much you spent and what debts are yet to be
cleared.
Total
Repayment Interest Amount
Payment Frequency Of Payment For The
Since Rate ($)
Year ($)
12
5.
6.
7.
8.
9.
10.
Do I reserve at least 2
3. months of my net income as
an emergency fund?
13
Do I set and keep the
5.
financial goals I set?
7. Do I follow my budget?
Do I compare prices in a
8. number of shops before
purchase?
Do I regularly examine
9. statements from my
checking account?
Do I evaluate my credit
10.
report on a regular basis?
Rate yourself. Each question you answered with ‘without fail’ gives you 10%.
Each question you answered with ‘occasionally’ gives you 5%. Each question you
A score of 40% and below is an indicator that you need to take better control of
your money. A score of between 45% and 65% shows you have made great
strides in your financial stewardship. All the same, you still have areas you need
to improve in.
14
A score of 70% and above shows you have the ability to manage most issues
relating to your personal finances. This wealth plan will help you refine these
15
DAY
16
Day Four: What Is Your Money Tune?
By now, you have established your financial weaknesses and have outlined your
The next thing to do is answer this question: What do you intend to do with the
Whatever answer you provide to this question is the financial tune you will be
singing to all year long. It is, therefore, important that you answer this question
seriously and honestly. Take a look at some of the end goals you can set for your
money:
✓ I want to create an emergency fund for me and my family so that I don’t keep
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DAY
18
Day Five: Organize Your Financial Paperwork
Financial paperwork can come up to a handful and it can really kill the motivation
if it is too excessive.
To ensure you stay enthusiastic, it is important that you organize your paperwork
as part of the process of your wealth planner. All the same, dealing with your
paperwork is not just a matter of finding every receipt and check and throwing it
in the dustbin. You must ensure you don’t throw away some paperwork you might
need later. So, what should you throw away and what should you hang on to?
7. Major purchase
Keep them for the lifetime of the item.
receipts
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8. Tax return documents 7 years.
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DAY
21
Day Six: Make An Inventory
For the purposes of insurance, it is important that you make an inventory of everything
you own, including your home.
Make a list of all your institutions together with their passwords, account numbers etc.,
laminate the document and put it in a fireproof vault or other secure place. It is important
that your loved ones (a few of them) be aware of where you’ve kept this information.
They might be needed to access this information in the event of a tragedy etc.
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DAY
23
Day Seven: Create A Spending Plan
At this point, it is important that you track how much you spend, breaking it down
by category.
Take a look at how other people across the country are using their money and
see how they contrast with yours. The Bureau of Labor Statistics (BLS) keeps
data you can use. If you find your expenses way out of sync with the averages
collected by the BLS, consider revising how you spend. See the BLS numbers and
determine where your spending is not realistic and adjust accordingly. Create a
new plan that will allow you to save more and spend less.
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DAY
25
Day Eight: Understand Your Debt
debt.
Credit card debt is never good because of the high interest it often carries. It also
• If you find that your credit cards have a balance, set up a plan to reduce the
• Use tools such as Credit Sesame or Credit Karma to monitor your credit
scores. Looking through your credit report can help you identify major errors and
seek corrections. It can also help you know whether you might be an identity
theft victim. Check it; you might be surprised what you find out.
• Decide to be paying your bills in full every month without fail. Don’t be too
concerned with student loan and mortgage debt. These two are considered good
debts because they generally attract low-interest rates. They are also usually tax
deductible and can help a great deal towards wealth building for you in future.
There is no one who cannot be free from debt if they put the necessary effort
26
Analyze your debts and come up with a plan to help you clear the all existing
financial commitments.
Question Yes No
Do you find yourself using more and more money to pay off debts
as time goes by?
Have collectors made any threats of suing you for unpaid dues?
Any question you answer ‘yes’ to in this quiz should be a warning sign. Perhaps
27
DAY
28
Day Nine: Create A Savings Plan
Now that you looked at your debts, let's take a look next at your savings.
Identify areas in your monthly budget where you can make some cuts. For
instance, you could decide to reduce the number of times you eat out by creating
Consider changing your bank account if your bank charges you a monthly fee.
any monthly fees for a savings account. It is online-only and has no requirement
for a minimum balance. Imagine the difference this can make if you were
every month for savings of less than $300. For a person who is barely making
Overall, an online bank may be a better fit if you are just getting started with a
savings plan. Online banks have lower overhead costs. They, therefore, usually
offer better interest rates for your savings. It is also common for online savings
Go to Nerd Wallet and explore the possibilities further. At Nerd Wallet, you can
compare the different savings accounts that different banks are offering. This
makes it easy for you to identify the bank that would yield the best results for
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DAY
30
Day Ten: Talk To Your Spouse About Finances
It is important at this point that your partner comes on board with what you are
seeking to achieve in re-organizing your finances. So plan for a date night, only
whopping 45% if you feel that your spouse is wasting money. To avoid this
probability, sit down with him or her and go through the numbers you have come
up with. Together, agree how much you are willing to save towards certain goals.
If you are not yet married, create a contract and sign it. Make your savings plan
31
DAY
32
Day Eleven: Choose A Financial Officer To Oversee The Family Finances
Make sure all family members understand the direction the family is taking in all
In addition, appoint one person who will be responsible for performing daily
financial tasks for the whole family. This way, it will be easy to keep up with every
money issue. Allow whoever you’ve chosen the space and time to effectively carry
out their assigned duties. To ease the burden of the family’s financial officer,
consider using online bill payment systems. You could also talk to your creditors
Create a spot in your home where all issues regarding money are dealt with. Use
this spot to organize all financial paperwork. Add a filing cabinet so that the space
does not make the house look cluttered. A paperless filing system is more
preferable. However, you have to make sure you regularly back-up your
computer.
In addition, invest in a security program that can prevent hackers and other
never a bad idea to have a safety deposit box where you can safely store your
valuable documents. Talk to your credit union or local bank about this option.
33
DAY
34
Day Twelve: Bookmark These Websites On Money Matters
There is no better way to do this than to have a few go-to websites where you
general knowledge about finances, these sites can help you keep up with the
financial world, and help you understand what these changes mean to your
Finding the right websites to bookmark can itself be a challenge. Here are a few
WiseBread
This one is a great place to start learning the fundamental principles
in personal finance. The Wise Bread community will help you live
better by giving you valuable tips on frugal living as well as personal
finance.
35
Kiplinger
This site will give you the accurate business forecasts in addition to
tips on personal finance. You might also find its videos, quizzes,
blogs, and special reports quite enlightening.
Investopedia
This site will give you the definitions of some of the financial jargon
you come across these financial websites.
Banking Sense
The unique presentation of financial information makes this website
stand out. It also gives you advice and tips without using highly
technical financial terminology. Some of the areas that Banking
Sense covers include taxes, credit cards, small business finance,
insurance, personal finances, etc.
NPR’s Marketplace
This show is quite intruiguing. Somehow, the makers of the new show
are able to illustrate how a big financial event, like China’s stock
market crash, affects you. The presentation is also in such a way that
makes you want to follow.
36
DAY
37
Day Thirteen: Spend Nothing
As you begin a new money lifestyle, it is a great idea that you spend a full day
• Do everything in-house.
At the end of the day, see how much you saved and how much of that you could
still save in the days to come if you kept the spending at the lowest possible
levels.
38
DAY
39
Day Fourteen: Reduce How Much You Spend On Fixed, Regular Expenses
Fixed recurrent expenses are usually the best ones to reduce without lowering
The best place to start with these reductions is your monthly cell phone bill. It is
calling habits. Contact your cell phone provider and find out what discounts are
available for personal plans. You could also consider a mobile virtual network
operator. It is possible that their pricing is way lower than your cell phone
provider.
40
DAY
41
Day Fifteen: Calculate Your Net Worth
It might scare you a little bit, but getting to know how much you are worth is an
at the present, it is easier to start figuring out where you want to be in, say, one
To determine your worth, you add your assets together and subtract all your
debts:
• Your assets include bank accounts, your home and retirement and investment
funds.
• Your debts include student loans, credit card balances, car loan and mortgage
balance.
Whatever you get when you subtract the debts from the assets is what you are
worth.
The figure you get here will help you determine how you want to move forward.
It will give you some ideas on the changes you need to make to change your
financial situation.
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DAY
43
Day Sixteen: Free Credit Card Reports
Freezing your credit report can help you deal with identity thieves. Identity theft
has become a common phenomenon in the world today. That is why it makes
perfect sense why you should consider a freeze to your credit report. A freeze
can also help you stop new creditors from accessing your reports. This process
usually takes a few minutes. However, there are some states where this might
Keep in mind that you might be required to pay a small fee to place the freeze.
• Equifax.
• Experian.
• TransUnion.
44
DAY
45
Day Seventeen: Cancel Subscriptions That You Can Do Without
You know those subscriptions you’ve been thinking about whether or not to
cancel them? It’s time to do away with them. Don’t forget to also cancel some
Take a look at your credit card statements. Which of the subscriptions and
memberships are taking money from your pocket with unnecessary charges? A
subscription to Hulu Plus might be redundant if you are also subscribed to Netflix
or vice versa.
complex.
membership if that is what you need to do to opt out. A gym membership might
require you to visit the gym office in person to make the cancellation.
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DAY
47
Day Eighteen: Update Your Tax Deductions
Take another look at the W4 form and see if you need to claim yourself as a tax
taxes get pulled from your paychecks. It can also earn you interest if you’ve been
All the same, it is still possible to find that you owe the IRS some taxes at the end
of the financial year. Make sure you have some money that you can pay off these
taxes.
Most people choose not to claim themselves as deductions. This option might be
the right fit for you if you are yet to discipline yourself to save a certain amount
48
DAY
49
Day Nineteen: Go Cash-Only
For expenditures on food, clothing and entertainment, keep away from using your
credit card. Using cash to buy these day-to-day stuff has been found to reduce
In fact, an MIT study established that using cash to meet these daily obligations
can cut one’s spending by half. So leave your cards at home and see how different
At this point, it might also help you to determine how much you are willing to
Go to your local bank and make a withdrawal based on the spending limit you
have created for the next one month. When you get home, take a number of
envelopes and put the money for each item and activity and name the envelopes
clearly. So as you make your purchases the whole month, you will be pulling out
the appropriate envelope instead of using your credit card. That does not mean
that you be carrying envelopes full of money everywhere you go. It means you
will be taking with you the envelope that aligns with the task you are about to
undertake.
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DAY
51
Day Twenty: Automate Finances
Financial situations can drive us to act fast without clearly looking at our present
circumstances.
You might spend money you had allocated for something else when it dawns on
you that there is a financial crisis waiting to happen if you don’t deal with a
situation that has just popped up. Yet, some financial decisions require us to
pause and do nothing, giving ourselves the time to consider everything before
we make a decision.
Better still, consider automating all your regular payments to avoid unnecessary
fines because you forgot to pay on time, etc. Make sure your insurance, utilities,
car payments and mortgage are set up as recurring payments using your bank’s
In addition to saving you the money you would have had to pay in fines and late
fees, consistent and timely payments contribute a great deal to improving your
credit score.
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DAY
53
Day Twenty-One: Look For Free Stuff
Think creatively about the possibility of replacing those expenses with existing
• Spend your credit card points before their expiration date. Instead of paying
for gym membership during the summer, consider doing runs, hiking and biking.
• You could also join your local community center for free access to exercise
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DAY
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Day Twenty-Two: Boost Your Savings
It is one thing to have a savings plan and an entirely different thing to follow
You may find yourself struggling to stay disciplined when it comes to saving the
amount of money you have committed to every month. Avoiding this failure to
save is one of the easiest ways to boost what you have in your savings account.
Talk to your local bank about automating your savings plan. Set up your account
for automatic deductions from your paycheck to your savings account. That way,
Resist the temptation of stopping these automatic withdrawals into your savings
account, at least until you have kept away up to a year’s worth of day-to-day
expenses.
Another way to boost your income is to do simple tasks for people around your
• Shovel snow.
• Do a sales-pitch to several people you intend to land as clients and see what
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While some will turn you down, a number will be interested in your services.
These simple tasks might take you 30 minutes or less and go a long way in
You can also look for ways to get money through your hobbies:
• If you are a photographer, find out the events the people around you are
preparing for and see if you can provide your services at a fee.
• That untapped painting, metal work or knitting talent might be serious money
• Do a garage sale and let go of those items that you no longer use.
• You could also use some online advertising platforms to sell things at your
home that are still in good condition, but that you don’t need or want anymore.
When you receive some unexpected cash, don’t just spend it. Consider adding it
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DAY
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Day Twenty-Three: Review Your Energy Consumption
How much do you pay your electricity supply company each month?
Do you have some appliances that suck too much power and raise your electricity
bills?
It is time to tackle them head-on. Consider replacing your electric devices with
those with lower energy consumption. You can also change your lighting system
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DAY
60
Day Twenty-Four: Secure A Future Free Of Financial Strain
Are you prepared for retirement? What can you do now to prepare a better future
for you and your loved ones even after your working days are over?
• Check if the company you work for has a ‘matching funds’ program. This is a
great way to be part of the retirement plan available at your workplace. In case
your company does not have such a plan, go ahead and create an Independent
for the future to your trusted financial adviser and planner. Talk to them about
how much money you should be keeping to guarantee a future free of financial
strain. Ask them to help you come up with a strategy that can secure your
financial future.
• Keep up with the retirement plan you’ve enrolled in. Most people take a lot of
retirement plan. Yet, for most of them, it all stops there; they do not make any
assets based on the present conditions in the market. You can maximize your
returns and minimize your risk by re-balancing your portfolio on a yearly basis.
Lastly, whatever you do, don’t cash out prematurely. Early cash-outs will subject
your 401(k) money to a 10% penalty in addition to a tax payment. If you do your
61
math, you will see that your tax bill could go up to about 37% of the retirement
62
DAY
63
Day Twenty-Five: Negotiate, Negotiate, And Negotiate
From buying a new TV to paying your credit card fees, ask for a discount.
Push for a price adjustment to your advantage even when you are buying
The great thing about negotiating is that the worst thing a seller can tell you is
• Ask.
• Explain why you should get a discount, e.g. that you’ve been a loyal customer
• Persist.
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DAY
65
Day Twenty-Six: Budget
While saving 50% or more of your income can be a challenge, it is important that
you try your best to save the most you can every month.
A more workable plan for most people would be to allocate 80% of your earnings
to fixed expenses. The other 20% can be divided between saving for your
If you are serious about attaining financial freedom in the future, then keep your
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DAY
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Day Twenty-Seven: Perform Financial Checkups
While being the person responsible for your family’s finances may sometimes
For most people whose duty is to take account of the finances in the household,
it is common to feel responsible for the well-being of every member of the family.
• Health Insurance Plan Checkup: Take time to find out from your health
insurance company the services they cover. Also ask them about the limits of the
health insurance cover like prescription drugs and mental health care. Consider
too high. Medicaid can also be a good option if you are not covered by any health
insurance.
• Auto Insurance Plan Checkup: Auto insurance plan only pays for injuries and
damages that have been explicitly covered by the policy. In the US, the majority
Liability insurance covers property damage and harm to the body. Take time to
read your insurance policy. Understand what the plan covers and what it does
not. For a list of all the things not covered by your policy, check the exclusions'
section.
• Life Insurance: Do not be limited by the life insurance coverage that your
employer has made available. If after a proper analysis of the life insurance you
need places your employer’s option as inadequate, shop around for a more
68
comprehensive one. You could consider term insurance. This type of insurance
not, seek a personal policy that can take care of you in the event you became
disabled. According to available statistics, it is more likely that you will become
disabled than it is that you will die. So, while it might seem like more important
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DAY
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Day Twenty-Eight: Revise Your Resume
Take 15 to 30 minutes to make changes to your resume, to reflect where you are
at presently.
Since your last update, your address and phone numbers may have changed. You
definitely now also have more experience. Your resume needs to highlight this.
Remember to also add some other skills you may have obtained since your last
resume revision. The job history section will probably take you the most time.
Review the past few months or one year. What changes have happened at your
workplace or with your career? Are you in a new job or in a new position? What
While you review your resume, don’t forget to update the references section.
From your last revision, your references may have changed or their contact
information may have also changed. You can also contact your references to
date. If you feel that you should replace any of the referees, go ahead and do so.
When choosing a referee, go for one who would be best suited to talk about the
experience you’ve gained, your work ethic and even your talents.
Take a closer look at your copy and make changes that would help you stand out
a little more. More often than not, people find themselves able to make significant
changes to their resume copies after a long time of inactivity. You may surprise
71
yourself with all the improvements you may make to your resume as you re-visit
it another time.
Start applying for jobs. If you can, don’t shy away from part time jobs if they
come your way. Some great job opportunities start small only to become bigger
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DAY
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Day Twenty-Nine: Appreciate The Progress You Have Made
Look back and see the changes you have made to your financial situation and
approach to money.
Congratulate yourself for taking the challenge. Bask in the glory of making
What you will also find is that the benefits of aligning your finances will affect
other areas of your life, leaving you a better person overall. The more you make
progress, the more you can celebrate the process. Create a list of benefits you
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DAY
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Day Thirty: Update Your Will And Other Information
Go through all your accounts to ensure the information you have provided
Also, make changes to your will to reflect changes that may have taken place in
your life or changes to your assets. Talk to your lawyer about the changes you
intend to make. Remember, having a will is not just for those with great wealth.
A will helps you avoid unnecessary wrangles amongst your children after you are
gone. When the distribution of your assets is clearly stated, the need for the state
law to determine how the assets will be divided will not arise.
Remember to store your will in a fireproof safety deposit box or filing cabinet.
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