How To Begin6 Crucial Steps to start on the path to a Wealthy life!
Below is your starting point.
I’m not here to tell you to create a budget and give up Tim Hortons, we all hate that! But it is crucial to understand what value you see in the money you spend. You will find links below to the 6 basic steps of financial planning. Use them as a guide to start you on your journey.
You cannot make any progress in life without first knowing where you are and then setting a direction. These steps are the core to understanding money and how it works for you. The basic building blocks for you to build a wealthy life.
Today… the least talked about day of anyone's financial life. If you sit down with any financial planner the first question they will probably ask you is what your goals are? Where do you see yourself in 5 or 10 years' time? Where would you like to be? When would you...read more
Now that you have created a balance sheet you're probably looking at the number, your net worth, and a whole lot of emotions and questions are racing through your mind. You're probably thinking how did I get here? Where did all my money go? In some cases I've seen...read more
So, if you have followed the steps in part 1 and 2 you will have 2 very important numbers. The first is your net worth, where are you at this point in time. The second is your monthly cash flow. It is either a positive or negative number and this will show you whether...read more
Debt… the easy availability of credit has gotten many, many people in way over their heads. Debt is something we all have at some point in our life. Whether it's a mortgage or a car loan, student loan, credit card, or maybe just a loan from Mom and Dad or a friend,...read more
Savings, another dreaded word when it comes to finance…. Who wants to save? What fun is that? Most people fall into 1 of 2 categories, either money is tight and they live pay check to pay check and don't think you can afford to save anything. Or, they don't see why...read more
So now you have some money saved away and you are looking at all the options to put it to work for you. Well, let me tell you that this is the step most people get lost in. There are thousands of different investment vehicles and even more ways to invest your money....read more