
Analyze your situation
Just as a company always keeps accounting to know the economic reality of its business, you cannot achieve financial freedom without knowing your starting point.
To do this, make a list of all your debts: mortgages, school loans, car loans, credit cards, and any other debt you’ve accumulated. Don’t forget to include money that friends or family members have lent you over the years.
Now take a deep breath. One more time. Then add the total.
How much do you owe?
If it is a large amount, do not panic.
If it’s a small amount, congratulations!
Then take a look at all the money you’ve saved
and source of income.Make a list .
This is important as we work to the next step.
To be continued
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