Financial Freedom Made Simple Blog

Financial inventory

Taking inventory of your financial situation.

The first step on the way to financial freedom is to take inventory of your current situation. This is important because you need to know where you are at to be able to make a plan of where you are going to go.

 

Taking an inventory means getting a detailed overview.

It is not complicated and do not have to have fancy equipment or special programs. Start by doing it simple. You will need to write down everything you owe and everything you own.

 

1 Writing down all your assets
2 Writing down all your liabilities
3 Calculating your net worth
4 Writing down your income
5 Writing down expenses
6 Calculating your net income

If you would like an easy way to do this, use ...

 

To read the whole article, go here: Financial Inventory