Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Financial plan


Published on

My financial plan

Published in: Business
  • Login to see the comments

  • Be the first to like this

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.