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)
Explore the site and complete this assessment without joining. Membership includes every book as a free ebook, access to online real estate and business courses, and resources to revisit your plan as life changes.
Annual membership saves $60. 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 22nd, 2026
Ready for the next step?
Talk with Eric
Eric Lawrence Frazier, MBA
DRE 01143484 · NMLS 461807