A budget is an important tool you can plan for. It can help control costs, manage cash flow, and plan for investments. Operating without a budget can lead to overspending, poor planning, and potential failure; it’s a crucial tool for understanding your financial health. A budget is easy, it’s the…
Tag: Goals
Starting the Path to Financial Independence
The best place to start is understanding why specifically you’d like financial independence. Let’s say I put together a retirement estimation and it showed I require an additional $10,000 per year. My goal is to adjust my spending or increase my income to achieve this level of financial independence or…
Gap Analysis: Where do you Want to Be
A gap analysis compares current performance to desired performance. We aim to identify areas for improvement. It is important that our Gap Analysis is very specific to list the steps we need to take and we must be held accountable. Where do you Want to Be? We frequently do a gap…