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Financial Health Test | |
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| Getting Organized | ||
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| Determining Your Cash Flow | ||
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| Understanding Your Net Worth | ||
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Setting Financial Goals |
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Achieving Short-Term Goals |
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Determining Long-Term Goals |
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Worksheet |
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Learning Milestone |
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It Only Takes a Few Dollars |
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The Power of Compounding |
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Saving for Retirement |
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Learning Milestone |
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Basic Asset Classes |
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Stocks |
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Bonds |
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Cash and Cash Equivalents |
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Learning Milestone |
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Different Types of Risk |
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Allocating Assets |
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What's Right for You? |
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Learning Milestone |
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Creating a Financial Plan |
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Five Immediate Steps to Take |
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Final Learning Milestone |
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Overview An assessment of your financial health involves four essential elements. First, you need to determine where you stand financially before making major financial decisions. Second, organizing your financial records and statements is critical prior to embarking on an investment plan. Third, determining your cash flow will show how and where you spend your money. And fourth, calculating your net worth will provide you with a complete financial picture and help you make smart financial decisions in the future. In this step:
Copyright © 2006 MsMoney.com. All Rights Reserved. |
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Step
One: Assessing Financial Health
