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With no assets available to invest and no huge source of income, I saw the building blocks of Patricia Beasley’s
Wealth Cycle sequence in this way:

Gap Analysis Financial Baseline Freedom Day

Cash Machine Entities Forecasting Wealth Account Assets Debt Management
Leadership + Conditioning + Teamwork

Patricia Beasley’s Wealth Plan

The first building block for Patricia in the Wealth Cycle Process was the Gap Analysis . In Patricia’s Gap Analysis
we uncovered a woman with a lot of ambition but no tangible resources. It seemed to me that Patricia needed to
create some money fast. In order for us to get our hands on some of that $80,000 in the 401(k), Patricia would have
to quit her job. She shook her head. No, she couldn’t quit. “My daughter’s at that age where she wants a new pair of
jeans every month.”
“Let’s get your daughter involved in your business so that she can buy her own jeans,” I said. “And you can build
the business even bigger.”
Next came the Financial Baseline . Patricia’s income was short of her expenditures, her credit card debt had to
go, and her assets were tied up in qualified money. We were going to have to shake things up a bit. As it is with
almost every Wealth Cycle Process, Patricia’s Wealth Account was going to work in tandem with her Debt
Management. We were both eager to get Patricia into the Five-Step Debt Elimination Plan and establish her Wealth
Account as aggressively as possible. We were going to make sure that Patricia’s wealth would spiral up while her
debt spiraled down.
Patricia’s Freedom Day was based on a realistic, but still motivating goal, and I could see a wealth plan that
within one year would get her to

Create a profitable business
Get out of debt
Establish a college fund for her daughter
Earn $2,000/month of passive income