Altadena Fresh Start Foundation Financial Empowerment Program
Empowering Individuals for Financial Independence
Program Overview
The Altadena Fresh Start Foundation is dedicated to fostering financial independence through structured education and support. The program serves 30 individuals per year in 6-month cohorts of 5 participants per month on a rotating basis.
Program Structure
Each cohort undergoes a 6-month curriculum covering financial literacy, investment strategies, credit-building, and debt management to ensure long-term financial stability.
Month 1: Financial Foundations
• Understanding Money Management: Participants learn the basics of personal finance, including income, expenses, saving, and spending habits.
• Budgeting Basics: Interactive sessions where participants create a personalized budget plan using financial tools and templates.
• Goal Setting: Establishing short-term and long-term financial goals tailored to individual needs and aspirations.
Month 2: Credit & Debt Management
• Understanding Credit Reports & Scores: Participants gain knowledge on how credit scores are calculated and how to maintain good credit health.
• Debt Reduction Strategies: Reviewing different types of debts, creating repayment plans, and understanding interest rates.
• Building & Repairing Credit: Learning techniques to improve credit scores and avoid common credit pitfalls.
Month 3: Saving & Investing
• Emergency Fund & Savings Strategies: Teaching the importance of emergency funds and methods to save effectively.
• Introduction to Investing: Basics of stocks, bonds, mutual funds, and risk assessment.
• Hands-on Investing Simulation: Participants practice investing in a simulated environment to understand risk management and market trends.
Month 4: Entrepreneurship & Wealth Building
• Introduction to Business Ownership: Understanding business structures, registration, and startup funding.
• Real Estate & Passive Income Strategies: Exploring rental properties, real estate investments, and creating passive income streams.
• Scaling Business & Investment Portfolio: Strategies for expanding small businesses and diversifying financial portfolios.
Month 5: Financial Planning & Protection
• Retirement & Long-Term Planning: Learning about 401(k)s, IRAs, and other retirement savings plans.
• Insurance & Risk Management: Understanding the role of insurance in financial security.
• Legal & Estate Planning: Basics of wills, trusts, and protecting assets for future generations.
Month 6: Graduation & Implementation
• Wealth-Building Networking Event: Connecting participants with financial professionals and potential mentors.
• Final Financial Review & Certification: Reviewing individual progress, setting final goals, and awarding certificates of completion.
• Action Plan for Financial Independence: Each participant develops a customized financial roadmap to continue their journey beyond the program.
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🌱 Why This Program Matters
✔ Equips individuals with budgeting & money management skills
✔ Helps participants build credit & eliminate financial burdens
✔ Provides long-term wealth-building & financial stability strategies
✔ Encourages entrepreneurship & passive income generation
✔ Creates a financially literate and independent community
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💡 Call to Action
We invite community partners, donors, and organizations to invest in financial wellness and support Altadena Fresh Start Foundation in creating lasting economic change!