6 Steps to Reach Financial Freedom: Step 1

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Step One: Assessing Financial Health Overview

An assessment of your financial health involves four essential elements. First, you need to determine where you stand financially before making major financial decisions. Second, organizing your financial records and statements is critical prior to embarking on an investment plan. Third, determining your cash flow will show how and where you spend your money. And fourth, calculating your net worth will provide you with a complete financial picture and help you make smart financial decisions in the future.

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