This episode, Ken begins step one of building out your financial plan. This first step is determining your current financial situation. You need to know where you are in order to understand where to go. This “status check” can be reflected in your net worth statement (ep. 9) and your cash statement. Gain a sense of your assets, debts and various other factors outlined in this episode. You may feel hesitant or embarrassed to air it all out, however reviewing your situation can create an incredible, calming sense of clarity as to what needs to be done.

 

Links

Episode 33 - Key Elements of a Financial Plan

http://networthhacks.libsyn.com/33-you-need-a-financial-plan

Episode 9 - Track Your Net Worth

http://networthhacks.libsyn.com/9-track-your-net-worth