12 Secrets to Financial Power

Most of us don’t make one big financial decision that makes us successful. Instead, it’s the everyday decisions on spending that put us on a path to succeed or fail. Here’s a roadmap. Because when you know where you’re going, it’s easier to get there.

1 Make a budget, be frugal.
2 Find money to invest; even small amounts add up.
3 Pay off college loans
4 Pay off credit card balances monthly.
5 Build an Emergency Fund
6 Fund a Roth IRA, maximum contribution annually.
7 Max out your 401(k), get the employer match.
8 Buy a house to live in.
9 Choose term insurance if you need life insurance.
10 Build a financial team you can trust.
11 Make a will.
12 Increase your net worth; diversify as you go.

Written by kprather on Friday October 9, 2015
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