Financial Strategy

Being Successful is not a magic. At work we are anylzing things,and generate plans to accomplish our goals especially if there are obstacles that we could be facing in order to achieve our goal.
In life,what are the obstacles that we could be facing in order to be successful?
We should also have a plan to eliminate and risk and continue our goal.
Below is the step by step advice to be successful in the Financial aspect of our life.

1st- INCREASE CASH FLOW
Is your Income enough to fund your goals?
Could you afford to Save? or your salary is roughly enough for your expenses only?
Manage your Time- Earn More- you could earn from your spare time.
Manage your Cashflow- Reduce Expenses eliminate unneccessary expenses,being simple is enough

2nd - MANAGE DEBT
 create  a strategy on eliminating debts,plan how long you will be paying it and how much they earn from you

3rd CREATE EMERGENCY FUND

Be prepared for emergency expenses
this should be atleast 3x of your monthly income

4th - ENSURE PROPER PROTECTION

protect your family
protect your income
cover yourself and your family with good healthcare program

5th - BUILD LONG TERM ASSET ACCUMULATION

plan for your future expenses where in you could not be earning thru working anymore
learn the goals of your Investment and be disciplined to used it accordingly
learn where to invest ( study and have a strategy)

6th - PRESERVE YOUR ESTATE

make sure your descendant inherit your wealth your asset, not the government