Friday, July 15, 2011

Important Steps in Personal Finance Management

Step 1. Invest in Financial Education
Step 2. Establish Goals
Step 3. Develop Discipline to Reduce Expenses and Increase Cash Flow
Step 4. Eliminate Bad Debts
Step 5. Create Emergency Fund
Step 6. Get Protection or Income Replacement Strategies (Insurance)
Step 7. Invest to beat inflation (Long term asset accumulation)

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