Step Eigth: Topping The Financial Ladder
Reaching the very top of the financial ladder is something, that not a lot of people achieve, especially not at a young age. Now you should try to stay financially … Read More
Category: Financial Ladder
In this section you can learn the basics of improving your financial situation with the use of the so called financial ladder. Find out where you are on that ladder and start climbing it today
Step Seven: Achieve Financial Independence
Managing a portfolio with the goal of achieving financial independence and not having to work anymore involves a combination of prudent investment strategies, risk management, and ongoing financial planning. If … Read More
Step Six: Passive Income
Once you’ve taken the first step into the world of investments, the next logical goal is to maximize your passive income. Passive income provides a steady stream of earnings with … Read More
Step Five: The First Investment
So How To Start Your First Investment? Once you’ve fortified your savings accounts and established a safety net for emergencies (as discussed in step four), it’s time to delve into … Read More
Step Four: Start Investing?
The question of when to start investing is as crucial as how to begin. Ideally, start as soon as possible to allow your money ample time to accumulate interest. It’s … Read More
Step Three: Start Saving Money
Start saving money and set up your financial tools for successfully organicing your funds, before investing your money.
Step Two: Paying Back Your Debts
Having some income and paying back your debts will give you the choice, which credits you should pay back first and why!
Step One: Unable To Pay Your Debts
You are on step one if your income is lower than your expenses and you are in debts. This means, that you cannot pay your debts!
Situation Unknown: Financial Overview
In order to make any financial decision, it is absolutely vital to have a complete financial overview and gain some financial education.
The Financial Ladder
Today we are trying to find out about your personal financial situation and how to set a realistic goal on the financial ladder!