Renters ready to buy
Fictional household · John & Jane Doe · family of four
Strong credit, protected emergency savings and cash for a 20% down payment plus closing costs.
John & Jane Doe
Renters ready to buy
Fictional Household Example · Illustrative Readiness Profile
Five-Pillar Scorecard
| Credit Strength | 87 | Score of 760 | |
| Cash Flow & DTI | 100 | 25% debt-to-income | |
| Emergency Fund | 100 | 7.7 of 6 months | |
| Debt Health | 100 | $0 consumer debt | |
| Mindset & Habits | 100 | Self-rating results |
Emergency Fund: Fully Funded
Plan: $0/mo ($0 cut spending + $0 side income + $0 other). Timeline: Done. Then save for down payment and closing costs.
Protects against: Income disruption · Unforeseen family emergency · Economic upheaval · Natural disasters · Divorce · Victim of crime or violence
Household Vision & Property Goals
Regional context: Riverside–San Bernardino–Ontario typical home value $581,454 (Zillow ZHVI, August 2026); BEA regional price parity 106.442 (2024 (released February 2026)). Household inputs are fictional. Closing costs at 2.5% are a planning allowance.
Our household exists to break the cycle of debt and teach our children to build wealth.
Within five years we will own our first home with a fully funded emergency fund.
- Build a 6-month emergency reserve
- Raise my credit score above 700
- Buy my first home
Balance Sheet — Assets
Your household assets by category, with guidance.
Assets
$221,500- Emergency fund (Money market account)$60,000
- Fully funded and accessible. Keep it untouched and in place.
- Bank checking$8,500
- Money market$5,000
- Down payment & closing savings$105,000
- 401(k) / 403(b)$25,000
- Avoid borrowing or withdrawing from retirement for a down payment unless it's part of a deliberate plan. Penalties and taxes can be costly.
- Vehicles$18,000
Liabilities & Cash Flow
Liabilities
$15,000- Student loan — Federal loans (Jane)$15,000
- Fixed-payment loans count fully in your debt-to-income ratio. Paying off a small one can raise how much home you qualify for.
Cash flow & goal check
Monthly cash flow: $1,730 ($9,500 in · $7,770 out). Your income can fund these goals within 3 years.
- 6-month emergency fund ($0)Done
- Down payment & closing costs ($0)Done
- Pay off non-mortgage debt ($15,000)9 months
Your Personalized Action Plan
- With your emergency fund in place, review your down-payment and closing-cost savings before making a purchase decision.
Pay Yourself First
Set aside at least $950 each month — 10% of your $9,500 total monthly income. Maintain your automatic savings habit and protect your fully funded reserves before committing cash to a purchase.
Coaching for Your Next Move
- Keep the $60,000 emergency reserve separate from the $105,000 purchase fund. Money-market reserves are not counted again as general cash.
- On a $450,000 home, a 20% down payment is $90,000 and estimated closing costs at 2.5% are $11,250, leaving $3,750 in the purchase fund. Request lender quotes for the complete monthly payment before choosing a home.
- Continue saving at least $950 monthly. The current budget leaves $1,730 monthly after retirement contributions; stress-test the new mortgage, taxes, insurance and maintenance against that budget.
- Obtain preapproval, compare loan offers and schedule an inspection. This ready example illustrates preparation, not guaranteed loan approval.
Debt Freedom Plan
With $500 extra per month. Minimum payments only: 89 months, $2,646 interest.
| Rank | Strategy | Debt-free in | Total interest |
|---|---|---|---|
| #1 | Snowflake | 19 mo | $565 |
| #2 | 0% Balance Transfer | 23 mo | $604 |
| #3 | Avalanche | 23 mo | $667 |
| #4 | Snowball | 23 mo | $667 |
| #5 | Consolidation Loan | 25 mo | $1,992 |
Resources & Your Advisory Team
Your reading list — free for members
- • Run Your Household Like a Business
- • The Credit Handbook
- • 10 Proven Methods For Building Credit
- • The Mortgage Handbook
- • How Much House Can I Afford?
- • African American Homeownership Initiative (AAHOI)
Use the assessment and view your numbers online for free. Membership includes online eBook reading, The Hour of Power monthly group coaching, and protected Blueprint analysis, saved reports, downloads and printing.
Annual membership saves $33. Online real estate and business courses are included for members; $97 each for nonmembers.
- Introductory Strategy Session — $250. One hour to review your blueprint, discuss priorities and identify possible next steps.
- Personal one-on-one coaching — $350/hour. A private hour focused on your chosen financial priorities, such as cash flow, debt, credit or homeownership planning.
- Personal coaching · 10 hours — $2,500 ($250/hour) · Member: $2,250 ($225/hour). Ten private hours to revisit your priorities and progress as your circumstances change. Save $1,000 versus ten single sessions before the member discount.
- Business consulting — $500/hour. A one-on-one hour to discuss your business goals, financial picture and decisions you are weighing.
- Business consulting · 10 hours — $4,800 ($480/hour) · Member: $4,320 ($432/hour). Ten consulting hours for ongoing discussion of business priorities and progress. Save $200 versus ten single sessions before the member discount.
- Family coaching — $350/hour. One hour for up to 25 family members to discuss shared financial goals, household priorities and questions together.
If this assessment opened your eyes, share it with a friend or family member.
Fictional educational example, not an actual client result. Readiness is not lender approval; financing, property, tax and sale assumptions require independent review.
Your Trusted Advisor
Wealth Assessment & Blueprint
Proudly presented to
John & Jane Doe
for successfully completing the Wealth Assessment & Blueprint — a comprehensive evaluation of income, savings, debt, net worth and financial readiness.
Completed October 25th, 2026
Ready for the next step?
Talk with Eric
Eric Lawrence Frazier, MBA
DRE 01143484 · NMLS 461807