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What is a personal wealth binder?
A personal wealth binder is a planning tool that you can use to build your personal wealth creation strategy and plan. Use the free worksheets from our site, along with your budget, pro-formas, key performance indicators, and other documents you will create while building your personal wealth business plan.
You can learn more about building a personal wealth business plan in an upcoming e-course – learn more here. The personal wealth binder keeps you organized and on task, with all of your tools organized and ready to be used. Along with the worksheets, a daily task planner is also an important addition to your binder.
How to create your own personal wealth binder
A personal wealth binder can be started with just a simple 3-ring binder you can buy at any office supply or big box store, in addition to a few other tools. Here is our recommended supply list:
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Professional Leather 3 Ring Binder
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Portable 3 Hole Punch
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2020 Monthly Planner
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2020 Weekly Planner
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Binder Inserts with Pockets
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Binder Dividers with Table of Contents
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Epson Color Printer
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Printer paper
[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.3.4″ custom_margin=”0px||0px||false|false” custom_padding=”0px||0px||false|false”][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.3.4″][et_pb_column type=”1_2″ _builder_version=”4.3.4″][et_pb_cta title=”Learn More About How to Use Your Binder ” button_url=”https://beyondpennies.com/fi-strategy-countdown” button_text=”Learn More” _builder_version=”4.4.1″ background_color=”#2c786c” background_enable_image=”off” custom_button=”on” button_text_color=”#000000″ button_bg_color=”#f8b400″ button_border_color=”#f8b400″ button_letter_spacing=”1px” button_font=”Alegreya Sans SC|700|||||||” button_icon=”%%32%%” button_icon_color=”#f8b400″ button_icon_placement=”left” button_alignment=”center” custom_margin=”|5px||5px|false|true” custom_padding=”30px|10px|30px|10px|true|true” link_option_url=”https://beyondpennies.com/fi-strategy-countdown/” border_radii=”on|10px|10px|10px|10px”]In our #FI strategy e-course, we will walk through all the steps of creating the binder, including each individual component that you need to complete your strategy map and business plan. Financial planning and analysis, pro formas, budgets, key performance indicators, and more will be taught in the course.
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Table of Contents
Using the table of contents to build out the sections of your binder, these fifteen categories will make your binder a complete tool:
- Personal Mission Statement Worksheet
- Personal Wealth Strategy Map
- Income Stream Tactics
- Income Stream Tasks
- Personal Wealth Strategy Outline
- 2020 Monthly Planning Calendar
- Budgets – Monthly, Yearly, 5 Year, 10 Year
- Income Projection Pro-Formas
- Savings & Investment Strategies & Notes
- Financial Results, Income Statements, Cash Flows, Net Worth
- After #FI – New Lifestyle Planning
- Open – Customize for You
- Ongoing List of Things to Learn & Skills to Acquire
- Appendix i – Business Info, Accounts, Passwords, etc.
- Appendix ii – Legal Documents, Wills, Powers of Attorney, etc.
Be sure to nclude a task planner in your binder to keep you on top of deadlines, as well as a calendar. The personal wealth binder can also act as a repository for important documents related to your assets using binder inserts with pockets.
The Case for a Physical Binder
Electronic documents are great, and I recommend keeping all documents on file in electronic format. Here are some reasons to also keep a physical binder:
- Having a physical binder gives you a visual tool that you don't have to be sitting at a computer to look at.
- Aside from the nostalgia factor, writing by hand forces you to slow down and approach your planning with more mindfulness.
- Research has proven that writing things down by hand makes them easier to retain.
- The physical binder gives you a business plan you can share, be proud of, and creates a sense of assurance that you are on the right track.
- Instead of having 20 different documents, this binder gives you one book with everything in it. And its almost as portable as a phone.
Do you have a business planning tool you prefer to use? Share in the comments below.
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sounds like a great place to start! Thank you
This sounds like a fantastic way to get organized. Great tips!
What a great idea!
I like this idea because I am a pencil and paper kind of person! It feels good to be able to actually flip through something.
Great way to get organized. thanks for the tips
I like how you provided all the things you need to create this. very useful information
Wow, that’s a great collection of whatever one needs to plan the finance for a whole year. I’ll try it for sure!
The instructions are so clear and easy to follow. Thanks for sharing
Ahhhhhhhhhh, what a great way to keep track of wealth and personal finances. I wish I had the time to organize such a detailed binder!
I need to do this ASAP. Thank you for the helpful tips.
These are great tips, thanks and will do it very soon!
Great idea! Finances is always a tricky thing and never hurt to learn new ways to manage and build your wealth!
Wow I love this this for organizing stuffs I would love to try this thanks for sharing.
This is so cool. It is definitely a great way to get things organised.
Wow this is such a great idea! Definitely takes my spreadsheet pages to a new level. Thanks!
this is very informative! This information added up to my knowledge, didnt really have any before about wealth strategy pla. Thanks for sharing!
Yeah, I heard many times that the research has proven that writing things down by hand makes them easier to retain
YES!!! I Love This! Great idea and love how you are nerding out over finance.
This looks like a great ways to be organized. Will save this for my future references.
Some interesting and very useful tips. I shall save this link for future purposes!