When you first start reading about personal finance, it’s easy to get overwhelmed by the amount of detail, jargon and conflicting advice. To keep things really simple, here is my 10-step plan to sorting out your finances. You can get familiar with each step fairly quickly and then re-visit them all periodically to optimise everything.
The steps are in a specific order. You really do need an emergency fund and to pay off your credit card debt before you do anything else. Even if that will take a while, look ahead so you know what you need to do next. Like anything in life, if you have a clear plan for the future and measure your progress against it, you will quickly start to see results.
Your Dead Simple 10-Step Plan to Financial Independence
Step 8 is the one that will have the most impact over the long term but where you may struggle to get started. Click here for more information about creating your diversified investment portfolio and look out for more guides coming soon! If you feel there is a missing topic that really needs addressing, then contact me here.
Thanks to The National, which published the initial version of my 10-Step Plan. You can read the article along with a photo of me looking very serious here.