Have you ever wondered how you can gain control of your finances?
Have you ever wondered whether or not you will ever find the time to manage your finances?
I have seen many individuals who make a good income and struggle with managing their finances.
It’s unfortunate when a few small changes can help them save time and get their finances under control.
I know you want to have control of your finances so you can have a financial peace of mind as quickly as possible.
And that’s why I am going to show you what you must do first to begin gaining control of your finances so you can have the financial peace of mind you desire.
In fact it’s the same place everyone who wants to achieve financial peace must begin.
This one simple thing is:
Understand where you currently stand financially
The fastest and easiest place to start helping you get your financials under control is to know where you currently stand financially. To gain control of your finances you need to only look at your current financial situation. It will help you know what changes need to be made.
The best way to do this is to perform a financial assessment. It’s the first step in your journey to simplify and to have an understanding of your current finances. Doing a financial assessment answers the questions you need to ask in order to simplify your finances.
To begin your financial assessment take a few minutes to think about what your current financial situation looks and then write it down. Your entire financial picture can be seen on your monthly statements. To help you have better picture of what your current finances looks like gather all of your bank statements, debt statements (credit cards, mortgage, student loans, or other debt),and investment accounts (retirement and non-retirement).
Also gathering the statement will show you how many accounts you have and what is paperless and what is not paperless.
Now that you have gathered your statements write down your thoughts on what your finances look like. Many times we believe our finances are better than or worse than we thought but the only way to determine this is to actually take a look at them instead of just guessing. I have assumed things were better than they were but once I took a look at the situation it was worse than I thought so the best way to do this is to look for yourself.
Additionally while you have all of your statements in front of you why not construction a personal financial to determine your current net worth. Is it positive or negative? There you go. You have seen just one of the 9 steps to simplify your finances so you can begin to have the financial peace of mind you desire.
So the secret is to know where you stand first.
I have created a cheat sheet and checklist to help you begin to simplify your finances within 30 days.
To gain access to the checklist and cheat sheet click below to get your hands on this which can help you get control of your finances within the next month.
Til next time, remember to take one step at a time to simplify.