Your FFG Financial Needs Analysis
Step One - Inspect What You Expect
Track Earnings and Expenditures.
The power of the Internet is now a valuable tool to monitor your personal finances online... Read More.
Step Two - Increase Cash Flow
Earn Additional Income.
If possible, explore a second career option, or look for part-time work that can bring in additional... Read More.
Money that you don't spend is money in your pocket that can be applied toward debt reduction and wealth accumulation... Read More.
Step Three - Eliminate Debt
...a debt consolidation refinance can combine your monthly bills and produce a substantial annual savings... Read More.
Step Four - Develop an Emergency Fund
Have a Plan for Emergencies.
An adequate emergency fund should: Be in a place that's safe, Return a better interest rate than... Read More.
Keep a Stash of Cash.
As a general rule of thumb, you should keep a minimum of three months income or salary (preferably six months)... Read More.
Step Five - Protect What You Have
Protect Against Loss of Income.
During a person's younger "income-earning" years, it is important to have adequate insurance... Read More.
Insure Family Assets.
As a person nears retirement age and has built substantial assets for retirement, one's financial plan... Read More.
Step Six - Build Long-Term Financial Independence
Stay Ahead of Inflation.
There is no real secret to staying ahead of inflation - your assets simply have to earn more interest... Read More.
Minimize Your Tax Burden.
No one can escape death, and escaping taxes appears to be just as unlikely. Suggestions on ways to minimize... Read More.
Step Seven - Estate Planning
Prepare an Adequate Estate Plan.
When it comes to providing for your family's future - not having an estate plan in place can... Read More.