Financial Independence is the Overall Goal of Financial Planning

The objective is to turn Cash Flow into Net Worth over time.

There are two things that make you money:
      • You at work
      • Your money at work

1. Increase Your Income

2. Decrease Your Spending

 • Distinguish between “needs” and “wants.”
       Ask yourself, “Do I really need this, or do I just want it?” Learn to tell the difference.
      • Unwise Spending
      • Reduce Taxes
      • Unforseen Loss
          — Bad investments
          — Unexpected expenses
      • Loss of Purchasing Power through Inflation

3. Invest Wisely


Next — Goal Setting

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