6 Tips For Creating Your 2022 Financial Plan
Set Your Priorities The first step is to identify your life priorities and goals to determine how much you need to earn and save in order to achieve them. While your current personal financial situation will play a critical role in helping you define your priorities, you should also factor in potential future earnings. Some common things to consider when setting your priorities include financial security for your family, retirement strategy, mortgage payment plan, or funds for starting your own company. Generally , you should define your goals under three main categories: Short term goals for six months to five years; Mid-term goals for five to ten years; Long-term goals for more than ten years. Take Care Of Your Debts Once you have your priorities in place, you need to focus on taking care powerme entrepreneurs of your debts so that you don’t h...