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Financial Security Steps

Financial Security Step 10 | choose your next financial goal - Balanced FI

Financial Security Step 10: Choose Your Next Financial Goal

Listen to the podcast episode The final step toward financial security varies from person to person. You can choose the next financial goal to pursue after Paying off debt Saving 6 months’ expenses and Increasing retirement contributions  Depending on your choice of goal, you can accomplish multiple over the years. You can, and likely will, …

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Financial Security Step 9: increase retirement contributions - Balanced FI

Financial Security Step 9: Increase Retirement Contributions

Listen to the podcast episode Early, monthly retirement contributions are the single most important part of your long-term savings plan as you prepare for life after work.  Waaaaay back in FSS Step 2b, you started saving for retirement. When you are saving a mini emergency fund or have debt (other than a mortgage), retirement contributions …

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Financial Security Step 4 - Calculate your Net Worth - Balanced FI

Financial Security Step 4: Calculate your Net Worth

Calculate your net worth to track your financial progress. Net worth goes up as assets increase and debts decrease. Listen to the podcast episode: Calculate your net worth to measure your progress toward financial security. Over time, you want your net worth to increase. Once it hits $1 million, you’re officially a millionaire, even if …

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