6 Steps to Reach Financial Freedom


	The Good News

	Why Needs are Different

	The Consequences


	Financial Health Test

	Getting Organized

	Determining Your Cash Flow

	Understanding Your Net Worth

	Learning Milestone


	Setting Financial Goals

	Achieving Short-Term Goals

	Determining Long-Term Goals

	Worksheet

	Learning Milestone


	It Only Takes a Few Dollars

	The Power of Compounding

	Saving for Retirement

	Learning Milestone


	Basic Asset Classes

	Stocks

	Bonds

	Cash and Cash Equivalents

	Learning Milestone


	Different Types of Risk

	Allocating Assets

	What's Right for You?

	Learning Milestone


	Creating a Financial Plan

	Five Immediate Steps to Take

	Final Learning Milestone

	Overview - Step1
	Financial Health Test
	Getting Organized
	Determining Your Cash Flow
	Understanding Your Net Worth
	Learning Milestone

Step One: Assessing Financial Health

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:

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

Page 1 of 8: Assessing Financial Health