Your Passport to Prosperity a key component of personal finance is financial planning, a dynamic process that requires regular monitoring and re-evaluation.
In order to achieve ones financial goal of secure sustainable wealth, think about doing the following:
- Review and assess your financial standing by compiling a list of personal assets, income and expenses.
- Have a written plan mapping out one or more of your long and short term financial goals.
- Next you have to create a plan that details how to accomplish your financial goals.
- Then you have to create a convergence of all this information and execute your plan.
- Finally as time passes your financial plan must be monitored for possible adjustments or reassessments
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