Download - 5 Steps to Financial Health

5 StepsTo Financial

Health

Website: www.ThePersonalFinanceGuy.comFacebook: The Personal Finance Guy – Serge Labonte

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STEP #1

Believe In Yourself




Believe In Yourself

Start Putting Yourself First




Believe In Yourself

Take Some Time Out AndHave A Look At YourselfWith No Holds Barred




Believe In Yourself

Be Who You Are




Believe In Yourself

Take Action




STEP #2

Boost Your Income




Boost Your Income

The 3 Types Of Income:Earned

IncomePortfolio

IncomePassive

IncomeWebsite: www.ThePersonalFinanceGuy.com

Facebook: The Personal Finance Guy – Serge Labonte



Boost Your Income

Earned Income=

Exchange Of Time




Boost Your Income

Portfolio Income

=

Return FromInvestments




Boost Your Income

Passive Income=

Recurring Income




Boost Your Income




Boost Your Income

INCOME TYPE TAX

Earned Portfolio Passive

As High As 50%Between 20% &

50%Could Be As Low As

0%Depends On Your Personal Tax Situation And Country Where You Live;Get In Touch With Your Personal Tax Advisor




Boost Your Income

The Power Of Passive Income: Recurring Income With

Little Additional Work Does Not Mean Income

Forever Is Not A Get Rich

Quick Thing Everyone Can Do It




STEP #3

Control Your Expenses





Identify Expense Categories

Where You Tend To Overspend





Start PayingCash Only

For At Least 1 Month





No Credit CardOr Debit Card

Allowed !





Feel The PainOf Seeing Your Money

Leave Your Wallet





Pre-Set The Weekly Amount Required

And Withdraw It From YourBank Account Only Once A Week





Start A Budget,Know Where Your Money

Is Being Spent





Draw ConclusionsAnd Adjust Your Lifestyle




STEP #4

Save At Least 10% Of Your Earnings




Save 10% Of Earnings

Pay Yourself First





Get Your Employer To: Deduct It

Systematically From Your Paycheck

Send It To The Investment Firm Of Your Choice





Set-up A Separate Bank Account

And Have Money TransferredThere Automatically





Never Use This Money To Pay For

Any Other Type Of Expense





Protect Your SavingsFrom Yourself





Systematically Reinvest All Your Earnings:

Use Compounded Interest To Your Advantage

Cash Your Dividends To Buy More Shares




STEP #5

Follow YourInvestments




Follow Your Investments

Know exactly Where You Are At: Assess Your Accumulated

Earnings Forecast Your Retirement

Needs Make A Plan And Bridge The

Gap





Review Your Investment Vehicles:

Do The Basics Think Long Term

But Review Monthly Educate Yourself





Seek Professional Help: Review Your Investment

Strategy With A Financial Planner

Get Tax Advise From An Expert Choose Wisely




5 StepsTo Financial

Health


