Step One: Assessing Financial Health

Overview

There are four essential elements to assessing your financial health. Before making major financial decisions, you first need to determine where you stand financially. Secondly, getting your financial records and statements in order is a critical step before embarking on any investment plan. Third, determining your cash flow will show you where all of your money is going. Last, figuring your net worth will provide you with your complete financial picture and help you make smart financial decisions in the future.

In this step:

• Financial Health Test
• Getting Organized
• Determing Your Cash Flow
• Understanding Your Net Worth
• Learning Milestone