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Financial Planning

FINANCIAL PLANNING TOOLS AND INFORMATION 

FINANCIAL PLANNING

Phase 1 is based on note taking, document gathering, and deep thought.

Phase 2 is based on the actual written plan

Phase 1

Step 1. Create and review a financial plan.

Step 2. Organize your financial records.

Step 3. Calculate your net worth.

Step 4. Establish a spending range.

Step 5. Build an emergency fund.

Step 6. Reduce or minimize consumer debt.

Step 7. Draft four, key estate-planning documents.

Step 8. Obtain adequate insurance.

Phase 2

Step 9. Develop a written Budget.

Step 10.  Develop a expenses report.

Step 11.  Log down current and future action to eliminate poor credit report items.

Step 12.  Develop a written action for retirement, investing and savings.

Step 13.  Establish the best Insurance rates for your situation.