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Lesson 2: Week 1 – Introduction to the MyApp Videos-OLD

In this lesson, which covers Week 1 of your program, you’ll hear Shan Otare explain how to watch a series of short videos that describe how to use the 101 Financial App. This proprietary App provides the features and functions that will help you manage your money in an entirely new way. It will give you many insights that you probably did not have before regarding where your money goes, and how to effectively and proactively manage your cash flow.

Watch the video below…

[TBD]

Summary of action steps to take

  • 1) On the menu bar at the top of the Learn & Do Center, click the My App link, which will take you to your 101 Financial App dashboard.
  • 2) On the left side of menu bar at the top of the App dashboard, click VIDEOS, and then select 99 Videos from the drop-down menu.
  • 3) In the media box that opens next, you’ll see a menu of seven short videos explaining how to use the 101 Financial App.
  • 4) Go through each video one by one.

Supplemental information

In the video above, Shan mentions supplemental information that will provide you with more details on “why” the 101 System works so well. This background will help deepen your understanding of the calculations that the App performs automatically for you.

The supplemental videos below explain the original way the 101 System was designed using paper worksheets, which later evolved into the 101 Financial App. The manual procedures described in the videos have since been transformed into the automatic calculations that the App performs for you. Watching those videos and using the worksheets is entirely optional. However, if you choose to do so, feel free to use them in addition to or instead of the App, based on what’s most comfortable for you.

After you’ve watched these videos for the first time, click the link at bottom to go to the Week 1 Supplemental Followup topic. You can track your overall progress by returning to the Course Content table at the bottom of the My 99 LITE Education home page, and clicking “Expand All” at the top right side of the table.

Lesson

Description

Run Time

PLAY

2. Using Your 101 Financial Calendar

Explains how to create a weekly budget for your living expenses, and how to use your 101 Financial calendar to see exactly when your income arrives and bill payments are due. The ability to plan and time your transactions is the first and most important step toward properly organizing your finances.

17 minutes

3. Using Your 90-Day Projection Worksheet

Shows you how to create a forecast of your checking account balance based on your 101 Financial calendar. On this worksheet, you’ll record all of the transactions that you predict will occur over the next few months.

16 minutes

4. Evaluating Your Cash Flow

Teaches you what cash flow is, and how to recognize and analyze the types of cash flow you’re likely to experience over time, such as positive, negative, and break-even.

24 minutes

5. Using Your 90-Day Actual Worksheet

Shows you how to monitor your day-to-day “money in” and “money out.” This process helps you measure your progress by comparing your 90-day actual transactions to the 90-day projected transactions that you completed earlier.

16 minutes

6. Establishing Your Strategic Savings Plan

Walks you through how to begin a permanent habit of saving that covers emergencies, short-term, and long-term financial goals. Once you have a savings buffer, you’ll be more prepared to pay off your debts by using the 101 Financial System.

24 minutes