My financial plan

1. By Austin Berardi

4.  It is important to invest money for the future
by investing in a personal savings plan that
earns compound interest.
 Compound interest is interest added to the
principal of a deposit so that the added
interest also earns interest from then on.
 Making smart financial decisions requires
knowledge, skills, and the right tools.

5.  Step 1: Determine financial status.
 Use the Cash Flow Statement (a statement
that shows cash coming in and going out).
 The Cash Flow Statement is total revenue
minus total expenses.
 A positive cash flow is needed to be
successful.

7.  Step 2: Is to look at the Balance Sheet
 The Balance Sheet is a snap shot of assets,
liabilities, and net worth.
 Your net worth should continue to grow.

9.  Everyone should put money away for the
future.
 Your financial future rests in your own hands.