PDF Archive

Easily share your PDF documents with your contacts, on the Web and Social Networks.

Share a file Manage my documents Convert Recover PDF Search Help Contact



Workbook pdf .pdf


Original filename: Workbook pdf.pdf
Title: Workbook Edited
Author: whaleynia

This PDF 1.4 document has been generated by Canva / , and has been sent on pdf-archive.com on 21/04/2016 at 00:49, from IP address 73.180.x.x. The current document download page has been viewed 1000 times.
File size: 2.2 MB (9 pages).
Privacy: public file




Download original PDF file









Document preview


Power
STARTUP OF
WEALTH BUILDING

Workbook

3 Bucket Money Saving System
Wage Conversation Worksheet
Saving Your Money And Makeing It Grow!

Nia Whaley
"Are you a slave to your money or the
master?"
Money doesn't move unless you or someone
else tells it to. With that being said, I want
you to celebrate! Celebrate on the first step of
breaking through to greatness.
I'm so happy you didn't wait!
We all know the saying, "If I knew this when I
was younger, I would be so much far ahead!"
Today is the youngest you'll ever be. You are
only getting older. You must start Now in
order to get the most out of your time, effort,
and money...
Let's stop putting your money in the hands of
others and learn how to pay yourself
first, save your money and make it grow!
Page | 2

Let's Build!

WHAT'S YOUR

RELATIONSHIP
WITH MONEY?
Fill in th blanks below

What's the first thing/place
you spend your money on
payday?
_________________________________________________

What are the bad things you
know about money?
_________________________________________________

What are the good things
you know about money?
_________________________________________________
www.moneyphanaticlub.com
Page | 3

YOU MIGHT BE ASKING YOUR
SELF....

WHY IS

SAVING

SO DIFFICULT?

HOW SHOULD I SAVE?
Pay yourself first. VERY IMPORTANT.
Are you saving money and having to go in it?
Let's be honest. We all know saving is a part of Wealth Building. It won't
happen without it. Learning how to save your money is a part of the
process to achieve financial freedom. Some of you maybe saying it's
difficlut to save...
I'll tell you why....
When you're saving, sometimes unexpected events happen. It may cause
you to dip back into your savings. Which is dreading to do so, while going
through the process of disappointment in your mind. It makes you think
and feel that saving is a lost when it's really a WIN.
Paying your self is the power to Wealth buildng...
I would like give you the ultimate
3-BUCKET MONEY SAVING SYSTEM.
The 3-Bucket Money Saving System is here to show you the
Importance in paying yourself first and having your money work for
you. Which as results can boost your success, helping you get from
wherever you are now to wherever you want to be.
Saving is important!

Page | 4

www.moneyphanaticlub.com

3 BUCKET MONEY

SAVING
SYSTEM

FIRST BUCKET

 emergency fund  

Emergency fund
3-6 months living expenses
You will add up all your bills, so let's say, for example, all
your expense come out to total of$1,000 per month
you will take the
$1,000 X 3=$3,000
$1,000 X 6=$6,000
Examples of expenses are rent, grocery, childcare, lights,
gas, whatever you pay to take care of your need to live.
Let's say an unexpected event occurred and your husband
or wife gets sick or hurt themselves at work and
unfortunately had to take off six months from work...
You're now left with one income coming in
having 6 months of savings, you are covered.
Now, tell me how would that make you feel? What if your
child needed to recover for 3 months from a major surgery.
And you have taken advantage contributing to your
emergency fund. You're covered!You feel STRESS-FREE! You
can actually take some time off and take care of your loved
ones when this bucket is full! This is the safety net.

Page | 5

www.moneyphanaticlub.com

3 BUCKET MONEY

SAVING
SYSTEM

SECOND BUCKET

SHORT TERM SAVING   
Short term saving is when you put your money in the bank. In a
savings account to be exact. In the short term saving bucket,
your money is gaining interest, which means you are earning
money on top of the money you're putting in...
However, your money is earning at a small interest rate.
Very slowly, about less than one percent on average.
Do your research on banks...
Not all banks are good banks. Do your research, ask around.
Some charge for a savings account and will penalize you if you
take out more than the required withdrawal. Make sure you
know the requirements to have a saving account.
You may also use money market accounts!

www.moneyphanaticlub.com
Page | 6

3 BUCKET MONEY

SAVING
SYSTEM

THIRD BUCKET

long term  
Long-term saving is investing.
Let me just say this, every Millionaire invests!
And the JUICY part about that, you don't have to be a
Millionaire to start!
Example of the long-term buckets are:
401 k
Roth IRA
Mutual Fund and many others
You will get a much higher return on your money in the
long term bucket as it grows at a much more aggressive
interest rate.

When investing in the long term bucket, you must know it
builds over a longer period of time. You will see the
benefit in no less than 10 years.

Page | 7

www.moneyphanaticlub.com

CONVERSION
WORKSHEET

It is important that you know how much money you make
and how much more you are actually getting if you should
receive an increase in income.
Here is a conversion sheet that may help to see if your
income is helping you or hurting you.

Based on 40 hour work week

Page | 8

HOURLY

WEEKLY

$5.15
$5.50
$6.00
$6.50
$7.00
$7.50
$8.00
$8.50
$9.00
$9.50
$10.00
$10.50
$11.00
$11.50
$12.00
$12.50
$13.00
$13.50
$14.00
$14.50
$15.00
$15.50
$16.00
$16.50
$17.00
$17.50
$18.00
$18.50
$19.00
$19.50

$206
$220
$240
$260
$280
$300
$320
$340
$360
$380
$400
$420
$440
$460
$480
$500
$520
$540
$560
$580
$600
$620
$640
$660
$680
$700
$720
$740
$760
$780

MONTHLY
$893
$953
$1040
$1127
$1213
$1300
$1387
$1473
$1560
$1647
$1733
$1820
$1907
$1993
$2080
$2167
$2253
$2340
$2427
$2513
$2600
$2687
$2773
$2860
$2947
$3033
$3120
$3207
$3293
$3380

YEARLY

$10712
$11440
$12480
$13520
$14560
$15600
$16640
$17680
$18720
$19760
$20800
$21840
$22880
$23920
$24960
$26000
$27040
$28080
$29120
$30160
$31200
$32240
$33280
$34320
$35360
$36400
$37440
$38480
$39520
$40560

www.moneyphanaticlub.com

3 BUCKET

SAVING
SYSTEM

Why are these buckets beneficial to you and your
money goals?
What's the most common action people take when
they make more money?..... Spend!
When you make more money, SAVE more.
The 3 bucket Money saving system shows you how you
can get your money in position to work for you. You
may also start this system right away.
It's your forever!
Taking action will get your money moving and boost
your money habits and skills while wealth building.
Fill your buckets up!
You're giving your money away everyday.. who are
you giving your money to is the question you should be
asking yourself. Years of paying everyone else, but not
yourself. What is your self worth? Have you given
yourself anything after giving all your money way?
Pay yourself First!

Stay Connected!
Page | 9

www.moneyphanaticlub.com


Related documents


workbook pdf
read this overview of assisting1643
budgeting in your 30s and 40s
some individual finance details you1510
easy money saving hints for1236
use this recommendations to address1458


Related keywords