Category: Financial Planning

What is an asset?

Determining your net worth is not easy. Start by knowing what belongings you have that can be considered an asset.

What is financial planning

Personal financial planning is about managing your resources that can make you become the best version of yourself.  

Stage 3: Develop a plan

Developing a plan is the third stage of financial planning. This is where you try to meet the goals that you have set by including them in your present situation.

Stage 1: Know your financial status

Having a clear picture of your present standing makes you aware of how much you are earning, how much you are spending, how much you end up saving, and how much you are setting aside for investing.