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Lesson 1, Topic 1
In Progress

Week 1 Supplemental Information-LIGHTBOX

As Shan Otare explained in the Week 1 lesson video, this supplemental information provides you with additional background to deepen your understanding as to why the 101 System works the way it does.

The videos below explain the original way the 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 these 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 viewed this content for the first time, click the Finish & Continue button at the bottom to update your progress, and you’ll be taken to the next lesson.

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