10 Steps to Creating a Solid Financial Plan | How to Take Action Now

No one cares about your financial well-being more than you, so it's important to have a financial plan for yourself. Having a solid financial plan will allow you to save money, afford the things you really want, and achieve long-term goals like saving for college and retirement.

In this video, I'm breaking down just how you can go about creating a financial plan for yourself and the key things to consider as you create your plan.

[Clevergirlfinance]

I hope you are all doing well despite the season. Having a financial plan is important when it comes to achieving the financial goals that matter to you. In this video, learn just how to go about creating a financial plan that works for you and the key considerations to keep in mind. Thanks for watching!

[rosemaryarnoldYT]

1. Monthly Budget
2. Debt pay off plan and spending plan
3. Bills and due dates
4. Emergency fund
5. Retirement fund
6. Diversified portfolio of investments
7. Multiple streams of income and short term savings
8. The right insurance coverage

Key steps
1. Write down your goals
2. Start emergency savings and sinking fund
3. Plan to pay off debt
4. Start investing long term
5. Get the right insurance to protect you and love ones
6. Create a plan for retirement
7. Create a plan for taxes
8. Create an estate plan
9. Making time to review your plan frequently
10. Staying the course

[phobedavis]

"THERE IS NOBODY WHO CARES MORE ABOUT YOUR FINANCIAL PLAN THEN YOU!" Words to live by.

[peacockjones]

I always learn so much by watching hour videos. Your simply amazing.

[moneybee]

Budgeting is such a productive activity. It really makes you be honest where your money is going, and is the backbone of any solid financial plan. Great video!

[faiths.]

Watching this in my country at 5.30 a.m while taking notes. 👌🏾

[SymonnePeters]

The only thing keeping me relatively calm is my emergency fund. Still building but during these times it's good to know that if something happens with my job or the country goes deeper into the pits, I'll be ok for a while.

[iAmYolanda]

I absolutely love these videos, very motivating. Thank you for all the gems your provide 👸🏾✨

[ajgolden-personalfinancema]

These are great tips. You even have estate planning and insurance. Many people fail to include this in their financial planning. Great video!

[sunni]

These tips are great! Thank you!. Also, just wanted to tell you that your make-up looks beautiful on you. It matches your blouse perfectly. 🙂

[kkavya]

Thanks a lot for helping me plan my finance...very informative n crisp

[BerryDakara]

Great video and tips towards creating YOUR OWN specific financial plan. This video has reminded me to use my second savings account as a sinking funds account.

[ashleyleon-vazquez]

Thank you! You are literally changing my life right now.

[ericeichstaedt]

This was crystal clear and an excellent reminder of the comprehensive life/ financial plan. An excellent outline! Very helpful! Also, on a side note, super cute top with the animal prints and color!

[vatyvibes]

Appreciate you sis you are helping me.

[Avisolu]

first time seeing you lady i like that you sound like a true scholar... no filler just straight jewels

[jeruzaferreirasantos]

Já estou participando da financial plan

[lubutosdiary]

Very helpful . Thank you .

Can this plan be applicable to someone who intends to help people do their financial planning at a fee ?

[davidsoughtout]

Came to YouTube looking for a video on how to write a financial plan and I found this. Thank you for this, it really helped. By the way I couldn't help noticing...you're very beautiful

[ThinkSaveRetire]

This was packed with great info! Nice work. :)