BECOME FINANCIALLY FREE

Document Sample
BECOME FINANCIALLY FREE Powered By Docstoc
					 Completed Goal/Project/Action                  Major Project          Action         Type          May-10          Jun-10             Jul-10              Aug-10              Sep-10             Oct-10              Nov-10               Dec-10                Jan-11               Feb-11             Mar-11             Apr-11                May-11
 Not Completed on Time                          Project                                           5/17 5/24 5/31 6/7 6/14 6/21 6/28 7/5 7/12 7/19 7/26 8/2 8/9 8/16 8/23 8/30 9/6 9/13 9/20 9/27 10/4 ### ### ### 11/1 11/8 ### ### ### 12/6 ### ### ###   1/3 1/10 1/17 1/24 1/31 2/7 2/14 2/21 2/28 3/7 3/14 3/21 3/28 4/4 4/11 4/18 4/25 5/2 5/9 5/16 5/23 5/30

BECOME FINANCIALLY FREE                                                             DREAM

 A. Pay off C.C.($80k), Mort ($80k) & Stud. Loans ($20k) by May 15, 2011              Goal
    1. Build Real Estate Business Plan (B-I Triangle)                             Major Project
        a. Select Real Estate Strategies to Employ                                  Project
            i. Learn How to Wholesale                                                Action
            ii. Learn How to do Short Sales                                          Action
            iii. Learn How to do Lease Options                                       Action
            iv. Learn How to Profit from Foreclosures                                Action
            v. Learn How to Generate Cashflowing Rental Units
                  -Residential
                      -single family homes                                           Action
                      -multi-unit homes (apartments, mobile homes)
                  -Commercial
        b. Develop Legal Structure & Protection                                      Project
            i. Develop Protection Strategy
                  -Business Structure (Entity)                                       Action
                  - Insurance
            ii. Tax Planning                                                         Action
            iii. Develop standard contracts                                          Action
        c. Develop Systems to Automate Process of Real Estate Investing              Project
            i. Find The Best Areas to Invest In
                                                                                     Action
                  -Build System for finding areas
            ii. Identify properties
                                                                                     Action
                  -Build System for Generating Seller Leads
            iii. Analyze properties
                                                                                     Action
                  -Build Template for Evaluating Deals
            iv. Submit offers
                  -Develop Standard Contracts
                      -offer to buy
                                                                                     Action
                      -offer to sell
                      -lease option contract
                      -lease contract
            v. Finace the Deal
                  -Develop Multiple Streams of OPM
                      -credit cards
                      -personal loans
                                                                                     Action
                      -hard money lenders
                      -mortgage brokers
                      -banks
                      -private funding
            vi. Property Selling / Management
                  -Generating Seller Leads                                           Action
                      -build buyer list
        d. Develop Communication Mediums                                             Project
            i. Market to Buyers
                  -Website
                  -800 Number
                  -Business Cards
                  -Bandit Signs
                                                                                     Action
                  -Car Magnets
                  -Facebook Ads
                  -Google Adwords
                  -Craigslist / Kijiji Ads
                  -Flyers
            ii. Market to Sellers
                  -Craigslist / Kijiji Ads
                  -Call "For Rent" signs
                  -Postcard Mailer
                                                                                     Action
                  -Flyers
                  -Google Adwords
                  -Letters to Attorneys, Nursing Homes, Churches, Prop Managers
Completed Goal/Project/Action                       Major Project          Action               Type          May-10          Jun-10             Jul-10              Aug-10              Sep-10             Oct-10              Nov-10               Dec-10                Jan-11               Feb-11             Mar-11             Apr-11                May-11
Not Completed on Time                               Project                                                 5/17 5/24 5/31 6/7 6/14 6/21 6/28 7/5 7/12 7/19 7/26 8/2 8/9 8/16 8/23 8/30 9/6 9/13 9/20 9/27 10/4 ### ### ### 11/1 11/8 ### ### ### 12/6 ### ### ###   1/3 1/10 1/17 1/24 1/31 2/7 2/14 2/21 2/28 3/7 3/14 3/21 3/28 4/4 4/11 4/18 4/25 5/2 5/9 5/16 5/23 5/30
                 -Business Cards
           iii. Market to investors
                 -Build Credibility Kit
                 -Speak with Mortgage Brokers
                 -Speak with Bankers                                                           Action
                 -Speak with Hard Money Lenders
                 -Network
                 -Develop Private Funding List
       e. Change Cashflow from Middle Class to Rich                                            Project
           i. Develop budget                                                                   Action
           ii. Develop plan to be secure
                                                                                               Action
                 -Plan to Payoff bad debt
           iii. Develop plan to be financially free
                                                                                               Action
                 -Use OPM to invest
           iv. Develop plan to be rich
                 -Develop strategy to continue to use OPM to invest                            Action
                 -Develop Plan for investing in other assets to provide additional income
       f. Build Team                                                                          Project
           i. Find Coach / Mentor                                                              Action
           ii. Find Mortgage Broker                                                            Action
           iii. Find Banker                                                                    Action
           iv. Find Attorney                                                                   Action
           v. Find Property Manager                                                            Action
           vi. Find Contractor                                                                 Action
           vii. Find Real Estate Agent                                                         Action
           viii. Find Title Company                                                            Action
       g. Assemble Leadership Compass to Guide Us                                             Project
           i. Develop Mission                                                                  Action
           ii. Develop Values                                                                  Action
           iii. Develop Dream Glidepath                                                        Action
   2. Build Knowledge of Real Estate Investing to Complete First Deal by 8/15/2010          Major Project
       a. Rich Dad Coaching                                                                   Project
           i. Attend Sessions Each Week                                                        Action
           ii. Complete Assignments Each Week                                                  Action
           iii. Ask Questions                                                                  Action
       b. Complete Rich Dad Education                                                         Project
           i. Attend Training Classes                                                          Action
           ii. Watch On-Demand Sessions                                                        Action
           iii. Take Online Training Classes                                                   Action
       c. Reading                                                                             Project
           i. Listen to Books                                                                  Action
           ii. Read & Participate in Forums & Facebook                                         Action
       d. Networking                                                                          Project
           i. Read & Participate in Forum                                                      Action
           ii. Play Cashflow                                                                   Action
           iii. Go to Investor Club Meetings                                                   Action
           iv. Build Team
                 -Coach / Mentor
                 -Mortgage Broker
                 -Banker
                 -Attorney                                                                     Action
                 -Property Manager
                 -Contractor
                 -Real Estate Agent
                 -Title Company
   3. Complete First Deal by August 15th Netting $20,000 or more in Pre-Tax Profit             Project
       a. Launch Buyer & Seller Marketing Plan                                                 Action
       b. Evaluate 20 deals per week                                                           Action
       c. Submit 2 offers per week                                                             Action
       d. Have Offer Accepted by July 15, 2010                                                 Action
       e. Have financing in place by July 21, 2010                                             Action
       f. Have buyer in place by July 21, 2010                                                 Action
 Completed Goal/Project/Action               Major Project        Action                   Type       May-10          Jun-10             Jul-10              Aug-10              Sep-10             Oct-10              Nov-10               Dec-10                Jan-11               Feb-11             Mar-11             Apr-11                May-11
 Not Completed on Time                       Project                                                5/17 5/24 5/31 6/7 6/14 6/21 6/28 7/5 7/12 7/19 7/26 8/2 8/9 8/16 8/23 8/30 9/6 9/13 9/20 9/27 10/4 ### ### ### 11/1 11/8 ### ### ### 12/6 ### ### ###   1/3 1/10 1/17 1/24 1/31 2/7 2/14 2/21 2/28 3/7 3/14 3/21 3/28 4/4 4/11 4/18 4/25 5/2 5/9 5/16 5/23 5/30
        g. Close by August 15th, 2010                                                     Action
    4. Complete 3 deals by 11/15/2010 Netting $60,000 or more in Pre-Tax Profit           Project
        a. Evaluate 20 deals per week                                                     Action
        b. Submit 2 offers per week                                                       Action
        c. Close 2nd Deal by September 15th                                               Action
        d. Close 3rd Deal by October 15th                                                 Action
        e. Close 4th deal by November 15th                                                Action
    5. Complete 10 deals by 5/15/2011 Netting $200,000 or more in Pre-Tax Profit          Project
        a. Evaluate 20 deals per week                                                     Action
        b. Submit 2 offers per week                                                       Action
        c. Close 1-2 deals per month                                                      Action
 B. Generate $10,000 of Passive Income From Real Estate by May 15, 2012                    Goal
    1. Continue to invest in real estate generating big hits                              Project
    2. Research & Develop plan for investing in large scale income producing properties   Project
        a. Investigate Apartment Complex Potential                                        Action
        b. Investigate Mobile Home Potential                                              Action
        c. Investigate Commercial Property Potential                                      Action
        d. Select Investmet Strategy by July 15, 2011                                     Action
    3. Execute plan from July 15 2011 to May 1, 2013                                      Project

Long Term Goals (3-5 Years Out)
 C. Generate $10,000 in Passive Income From Internet Business                              Goal
    1. Build B-I Triangle for Internet Business Starting Is Available                     Project
    2. Implement B-I Triangle                                                             Project
 D. Diversify Income Streams Among Different Asset Classes                                 Goal
    1. Invest in Paper Assets (Stocks / Bonds)                                            Project
    2. Invest in Commodity Assets (Gold / Silver)                                         Project
    3. Invest in Businesses                                                               Project