Financial GPS
Navigation Chart
A Chart to Navigate Your Financial Journey
RED ZONE (RISK)
WayPoint 1 - Zero In
Create a Comprehensive and Simple Plan
(Focus in with detail on your financial targets or goals)
WayPoint 2 - Anchors Aweigh
Prioritize Your Finances (Basic Essential Living Expenses)
Food | Housing | Utilities | Transportation | Clothing
(Lift your anchor and set sail to begin your journey towards financial freedom)
WayPoint 3 - Buffer Zone
Save a Budget Cushion and Initial Emergency Fund ($1000 – $2500)
(Protect your Safe Zone from minor assaults)
WayPoint 4 - DebtWave
Payoff All Secured and Unsecured Debts from Lowest to Highest Balances (Not including Primary Residence)
(Create progress with powerful wave energy, starting with small waves then moving to larger waves)
WayPoint 5 - Safe Zone
Save 3 – 6 Months of Living Expenses
(Complete your Safe Zone and self-insure to protect yourself from major assaults or emergencies)
WayPoint 6 - Homeward Bound
Save 20% Down Payment to Purchase House | Acquire 20% Equity in current House | Refinance Mortgage to 15 Year Term or Less
(Create ownership, minimize market value risks and eliminate PMI)
GREEN ZONE (FREEDOM)
WayPoint 7 - Forging Ahead
Invest 15% of household income towards Retirement
(Move ahead steadily and make progress)
WayPoint 8 - NavEd
Fund Children’s Education (ESA | 529 | State Funded Plans)
(Invest in education and eliminate student loan debt risk)
WayPoint 9 - Home Free
Pay off Primary Residence and Other Mortgage Debt (Refinance to 15 Year Term or Less)
(Eliminate the last risk and ensure a successful journey to Financial Freedom)
WayPoint 10 - Flying Colours and Paying Out
Build Wealth and Give
(Celebrate your successful Journey and sail into Financial Freedom; Fly your flags and pennants up high and continue to succeed, give generously and leave a legacy)
Start Your Financial Journey
Schedule a Complimentary Financial Navigation Session Today!