How to Find Out The Current State of Your Finances?

Disclaimer: I am not a financial expert. This is information that I have learned through personal research. I will do my best to include sources for information that I have obtained.

The first step to improving your finances is to be aware of where you stand. This means knowing your income, your essential expenses, your assets, and your liabilities. Many people do not know these numbers for many reasons, but to get in control of your finances you have to know where you are to get where you want to be.

In this article, I am going to help you figure out these numbers, so you can begin taking steps to build the life you want. It will also make it easier to track how you are improving over time.

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401k Basics That Every New Investors Should Know

This is a living, breathing document that I will be continuously update as I learn new information.

Disclaimer: I am not a financial expert. This is information that I have learned through personal research. I will do my best to include sources for information that I have obtained.

I got my full time job and it came with a 401k benefit

My 401k retirement account is my first and only investment account at this time. It is the most convenient retirement account because it is linked directly to my employer. My contributions are automatically withdrawn from my paycheck and sent directly to my 401k every pay period.

Since I am contributing to my 401k, I decided to learn more to ensure that I maximize my returns from this account.

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What Can I Learn From Dave Ramsey’s Total Money Makeover: Chapter one?

Hey you all. I am actively getting my finances in order so I can be debt-free and begin building wealth. I have saved about $1,500 in my emergency savings account and now I am working on ridding myself of debt starting with paying off my car. Currently, I am reading Dave Ramsey’s Total Money Makeover and I have decided to journal daily my key takeaways and information that I find interesting.

I have tasked myself with reading this book in two weeks. This will ensure that I take my time to really understand and comprehend the information that he shares and explains. My goal is to learn tips that I can actually put into practice along my financial journey.

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