Tuesday, July 27, 2010

Basic Financial Strategy

MOST PEOPLE DONT PLAN TO FAIL, THEY FAIL TO PLAN!
Step 1 - Increase cash flow
How would you feel if you had extra income each month?
Does your family live paycheck to paycheck?
Step 2 - Manage Debt
How long will it take to pay off debt (credit cards, loans, etc.)?
Do you have a strategy to get out of debt?
Step 3 - Create Emergency Fund
What would happen if you lost your job?
What about unexpected expenses?
Step 4 - Ensure Proper Protection
Are you prepared and protected if you become sick, disabled or die?
Step 5 - Build Long-Term Asset Accumulation
Are you saving enough for your retirement goals?
If not, do you know where and how to start?
Step 6 - Preserve Your Estate
What will you pass down as a legacy to future generations of your family?
Do you have a strategy to help you meet these goals?

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