1. Introduction to Investing When determining which investment categories to choose, it is essential to consider the following: If you have a background in finances you are probably thinking “isn’t it too early to be thinking or planning out your investments”. I totally agree with you on that. At this point in your financial plan, […]
1. Background The next step is to determine your net monthly income. Most Financial Planning steps at this stage might involve setting up your financial goals. Typically this means setting up your Do not get me wrong we are still going to tackle setting your Financial Goals, but for now, let us follow the outline […]
Now that you have established and found your motivation and WHY the next step is to identify your budget categories and sub-categories this stage goes hand in hand with tracking your spending. This step answers, “How are you supposed to know how much to spend in each of your budget categories without any type of […]
The starting point of creating any financial plan is probably going to be the same across the board regardless of which method you use. Most financial strategies and financial experts agree on this step which is to Define your WHY. Most if not all financial literacy books, authors, podcasts or videos you are going to […]