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Financial plan

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My financial plan

Published in: Business
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Financial plan

  1. 1. By Austin Berardi
  2. 2.  It is important to invest money for the future by investing in a personal savings plan that earns compound interest.  Compound interest is interest added to the principal of a deposit so that the added interest also earns interest from then on.  Making smart financial decisions requires knowledge, skills, and the right tools.
  3. 3.  Step 1: Determine financial status.  Use the Cash Flow Statement (a statement that shows cash coming in and going out).  The Cash Flow Statement is total revenue minus total expenses.  A positive cash flow is needed to be successful.
  4. 4.  Step 2: Is to look at the Balance Sheet  The Balance Sheet is a snap shot of assets, liabilities, and net worth.  Your net worth should continue to grow.
  5. 5.  Everyone should put money away for the future.  Your financial future rests in your own hands.

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