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A Financial Action Plan Summary
by Scott Sumner

    Money is very important in this world , for the lifestyle it can
help you achieve. Almost all our dreams involve havingthe finances to
make things happen . Here is a summary of action steps you can takle to
make your command of money much better.
1.   Review your financial position, both assets and liabilities, and
create  a balance sheet indicating your net worth.
2.   List all revenues and expenses to  create an income statement, and
indicate   your net savings potential per month.
3.   Set financial goals for major purchases,  and savings for future
expenses,   such as the education for your family and retirement years.
4.   Review your current investments and assets to ensure that they are
the best that you can achieve. Factors  to consider are the availability
, income generation and security of your investment portfolio
5.   Review your monthly expenses to  create an awareness of how your
money is  spent in order to ensure that it is exactly where you want it
to go.  Search for ways to save  money, spending less on your
purchases.  Set a budget.
6.   Analyze your financial affairs on an ongoing basis, even monthly at
the start, quarterly from thereon. Track your progress.
7.   Find out about current changes in the economy that affect you,
search for their services, but their advice is important in helping you
arrive at the best financial program for you. Also remember their fees
are a tax deduction.
8.   Set yourself on a course to become a financial expert.  If you are
interested  in the stock market, find out more about it by enrolling in
a course or by reading books. Likewise, if you are interested in real
estate as an investment, start by getting a good understanding of the
market.
9.   By spending time on your financial future, you are definitely going
to improve your lifestyle.
10. Remember, you must start somewhere and only you can do it.
The main point I hope you gain from this  is that any financial planning
is better than no planning at all.  For many of you, what you will do
now represents the first serious review of financial affairs that you
have ever undertaken.  The process itself has helped you understand what
it is you intend to do from a financial perspective over the course of
your lifetime.  The earlier you start, the better.  It is much easier if
you start when you're twenty then when you're sixty-five, but in my
opinion, it's never too late.  The important thing is to continue your
efforts throughout your life.
What you will have accomplished is to have a clear, concise balance
sheet that shows exactly your net worth.  By detailing your short term
cash, long term cash, short term assets, real estate, everything that
pertains to your present financial situation, you have seen your
financial worth on paper. No one else will do this for you. The 2000's
require work and planning to achieve positive results. The person that
does this will undoubtedly achieve a much better lifestyle than those
who don't. Also it will give you a tremendous sense of  satisfaction
that you have accomplished your financial future to the best of your
ability.  Good Luck!

Next time see our conclusions on Creating An Exceptional Life.

About The Author:
Scott Sumner grew up in Northwestern Ontario Canada  and is a graduate of Lakehead University's ( Thunder Bay, Ontario Canada ) Honour Bachelor of Commerce Program as well as York University's ( Toronto, Ontario Canada ) Master of Business Program. He founded North Superior Publishing Inc, a regional specialty publishing company almost 20 years ago in 1982.  This company has published 10 ongoing titles in the areas of real estate, business, lifestyle, travel, golf, snowmobiling, automative and family. His book Create An Exceptional Life: Mind, Body, Money can help you look at ways to accomplish more in your life that you ever thought possible. It will start you on a process of living your life to it's fullest potential.
Visit www.scottsumner.com