Thursday, August 13

First Things First: Know Your Financial Standing


Know these first...

  • What are the assets and other financial resources you have now
  • How much debts and other financial liabilities/obligations you have now
  • How much is your networth now (Networth = Assets less Liabilities)
  • How much earnings you are generating now
  • How much are your spendings now
  • How much you need to spend for the lifestyle you choose to live


Tips:
Prepare your master budget plan periodically.

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