Steps to Build a Strong Financial Foundation
Building a solid financial foundation is crucial for a secure future. Here are some key steps to help you establish a strong financial base:
- Set Financial Goals: Define your short-term and long-term financial goals to give direction to your financial planning.
- Create a Budget: Track your income and expenses to ensure you are living within your means and saving for the future.
- Emergency Fund: Save at least 3-6 months’ worth of living expenses in an emergency fund to cover unexpected costs.
- Pay Off Debt: Prioritize paying off high-interest debt to reduce financial burden and free up funds for savings.
- Invest Wisely: Start investing early and diversify your portfolio to build wealth over time.
- Insurance Coverage: Protect your assets and loved ones with adequate insurance coverage for health, life, and property.
- Review and Adjust: Regularly review your financial plan and make adjustments as needed to stay on track towards your goals.
This article supplements what is in this video “Going forward after PTSD, Steps 5-8”. See step 7. https://robertserockijr.com/product/the-blacksmith-life-does-not-get-better-by-chance-it-gets-better-by-change/