Phase 1 – Module 2

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Financial Freedom Course

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Module 2 Outline

Section 1 – Financial Basics

  • Financial Freedom
  • Passive Income
  • Financial Literacy Basics

Section 2 – Debt Management

  • Types of Debt
  • Credit Scores 101
  • How to Get Out of Debt

Section 3 – Money Management

  • CashFlow Management
  • Creating Wealth

Section 4 – Personal Finance

  • Money Mindset
  • Financial Review

Section 5 – Business Finance

  • Payroll is Key
  • Separate Accounts

Section 6 – Financial Freedom Practices

  • Inner Bank
  • $100 Bill
  • 10% Giving
  • Removing Resistance


Financial Basics
Section One

Financial Freedom

How I Define Financial Freedom

Financial Freedom is a feeling not a destination. It’s the gift of living with the feeling of abundance of time and resources to enjoy life! The choice of not needing to work (at a job, your business or being a caregiver) because you have more passive income coming in than your living expenses. You are living your dreams!

Financial freedom waking up each morning and having the choice how to spend your time. Playing with kids, completing a passion project, volunteering, investments, vacation! Living with abundant financial resources means there’s no trading time to make enough money to complete daily work tasks, draining caregiver responsibilities, antagonizing relationships tied to money, collectors requiring payment. Rather my time is spent enjoying all life has to offer with the people I care about.

Financial Freedom is growing my wealth so I can provide for myself, live my dreams and share my abundance with my loved ones, my community and the world.


Escaping the Rat Race

The Rat Race is a term I first heard in Rich Dad Poor Dad by Robert Kiyosaki. This book is often referred to as the #1 finance book of all time. The “Rat Race” is working for money and the endless cycle of feeling there’s never enough time and/or money. The rat race is needing to earn enough money to cover your cost of living. Earning more money comes along with spending more money which perpetuates the rat race.


Passive and Earned Income

Earned income is trading your time for money, a one-time payout. There’s nothing “wrong” with that however it puts a limit on how much able you’ll be able to earn. Passive income is money you don’t have to work for. The richest and poorest of society both utilize this. The poor receive passive income in the form of government benefits and social security checks. They don’t have to work to receive money and generally stay at that low income level.

The ultra-rich usually don’t have to work to maintain their income level either because their money is at work for them. Perhaps they spent their money on a real estate investment of a 12-unit apartment building generating nice monthly profits, selling stock that soared, receiving payments from loaning money, investing in a new business. Think of a musician who recorded a song and is still receiving royalties for something they did long ago. All of these things generate money now pretty automatically once the time and money initially went to work.  This is the joy of passive income, do it once and reap the financial benefits over and over.


Play Cashflow Game

The best way to learn the concepts of how to build passive income is by actually doing it. I LOVE the board game CashFlow which Robert Kiyosaki designed. I attended CashFlow clubs in Los Angeles and even started my own that’s still running! People get together to play and being in person teaches skills of how to negotiate and structure deals, too. Playing the game online is a great way to learn the basics.

Lauren’s Cashflow Club in Los Angeles

Click Here to Play CashFlow Game Online


Passive Income

The CashFlow Quadrant

Rich Dad’s CashFlow Quadrant

Robert Kiyosaki has a whole book dedicated to the CashFlow Quadrant. The left side is the people trading their time for money. The right side is where you money is working for you!

This financial freedom course teaches you how to invest your time into a website and turn it into a digital asset. It also takes a different thinking process to switch from trading your time for money.


Business Owner vs. Self Employed

The self-employed will work 80 hours a week to avoid working 40 hours for someone else!

The business owner owns a system and the self-employed person owns their job. In the E-Myth Michael Gerber instructs you to structure your business as job positions from the beginning. At first you might be the one “wearing all the hats” although you have the mentality of hiring out the positions. Hiring moves you over to the business  owner side. One of my happiest hiring was my bookkeeper who gave me back almost 2 weeks of my time each month – worth every dollar to not have to deal with that anymore!


Building Passive Income

There are many types of passive income. Writing a book, buying a rental property, stocks, owning a business… This is where the fun comes in finding out what you enjoy! In this course I’m going to show you how to create a your small business online and create passive income from it.


Financial Literacy Basics

Math 101


Banking 101


Accounting 101


Debt Management
Section Two

Types of Debt

Good Debt and Good Debt

  • Does it put money in your pocket?



Credit Cards

Line of Credit


Credit 101

Credit Scores 

  • Credit Scores determine the likelihood of you paying back a loan
  • Higher score indicates a higher chance you’ll make the payments
  • A low scores means more risk of not repaying the lender so they’ll charge a higher fee on the loan
  • An interest rate is the fee charged for the loan or credit extended
  • The interest rate is a percentage of the loan amount (A loan for $10,000 with a 5% interest rate means the fee would be $500)
  • Even car insurance and car rentals pull your credit and can charge more or have higher deposits if you have a low credit score
  • Credit Score Factors
    • History
    • Type
    • Balance
    • Delinquency

How to Build Good Credit

  • Several types of credit
  • Pay off credit card each month
  • Large “Available Credit” = low balance, high limit
  • Credit Score Cleanup


How to Get Out of Debt

Snowball Debt Payoff

Debt Allocation %

Debt Consolidation

Mortgage Early Payoff

  • 15-year
  • Extra payments
  • 101 Financial Services


Money Management
Lesson Three

CashFlow Systems


Deposit Funnel & Separate Accounts

Financial Review


Creating Wealth

 Buying Assets

Financial Planning

Useful Money Apps

Mobile Banking


Personal Finance
Lesson Four

[Adding in more to this section]

Money Mindset

Self Worth

Inner Bank

Financial Review

Your Point A

Future Planning

Monthly Reports

Setting Up Accounts

Opening New Accounts

Lauren’s Bank Account Labels

Integrating Cashflow Management

Funneling money where you want it to go


Business Finance
Section Five

Business Accounts

Self from Business

Types of Accounts


Payroll is King

1099 vs W-2

Business Structure





Financial Freedom Exercises
Section Six

Inner Bank Exercise

Click Here for Instructions on Inner Bank Exercise

The Inner Bank Exercise is my spin on the Mental Bank. I’ve used the exercise many times over the years and shared it with friends. Every time it’s applied the real life results are incredible!

The Wallet Process

Click Here for Instructions on the Wallet Process

This exercise I got from Ask and It’s Given pg 245. It’s really fun and  I constantly keep $100 in my wallet for this purpose. The first time I did this I was in Vegas – it was a perfect place and I had a blast!

10% Giving Exercise

This exercise is by far the most powerful and challenging. Take 10% of your income, write a check to yourself and cash it. Then give the cash away to anyone as long as it doesn’t benefit myself or family.

“The Prosperity Game”

Click Here for Instructions on the Prosperity Game

This exercise I got from Ask and It’s Given pg 177. I haven’t personally played this game yet though a few of my friends have and love it!

Release Resistance to Become Free of Debt

Click Here for Instructions on the Releasing Resistance

This exercise I got from Ask and It’s Given pg 271.

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