2 - Clarify your financial requirements and resources

You need to know how much you will need, and where you’re at now, to get where you want to go. Clearly identifying your current resources will lay the foundations of your financial plan.

The following areas will be covered:

• Assets and liabilities
• Current income and expenditure
• Future income and expenditure

Cash management, family obligations, salaries, investments, superannuation and inheritance will all play a part in determining your requirements and resources.

Structure creates clarity: A written plan will help remove clutter from your life and clearly map the path to achieving your financial objectives.

Step 3...