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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