Financial planning basics are the steps taken to assess an individual’s current financial standing versus long-term goals. The idea is to determine where a person stands in regard to eventual goals and to map out a plan to make targets achievable. Planning basics involve taking a multifaceted approach to look at such things as debts, income, assets and eventual needs or financial desires. Once standing is determined, a financial planner or individual will create an investment and savings strategy to help accumulate and safeguard personal wealth.
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Need More Money? Be Creative!
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A Simple Debt-Repayment Plan
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