4. 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.
5. 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.
6.
7. 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.
8.
9. Everyone should put money away for the
future.
Your financial future rests in your own hands.
