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Getting Straight with a Financial Plan

  January 25, 2017  |    #Make Money

Going straight with a financial plan

In the fourth of our four-part series on the Four Principles of a Debt Free Life, we tackle the scary but important discussion about the need to have a financial plan. For more information on how we came to this conclusion and our solutions, clicking here to get the entire book.

Hear more about why and how to build your money plan on this Queer Money®:

Principle Four: Have a Financial Plan

Just like you can’t drive from New York City to Los Angeles without clear directions, you can’t achieve financial goals without a plan. This includes knowing the starting point of where you are financially and the ending point or goal of where you want to go.

On this Queer Money®, we talk about how we created and why we have a plan for our money. We discuss the benefits of a having a plan for our money and the risks without one. Along with this week’s free tool, we cover other tools, such as investment accounts and ways to increase your income to help you have a plan.

We share how it wasn’t until we knew which direction we wanted to go with our financial lives and our lives in general that we could go from a negative net worth of $10,000 to a positive net worth approaching $500,000. This is why you need to have a financial plan.

We, also, dispel the myths that creating and maintaining a plan is hard and limits you from enjoying your life. As we learned, our budget and financial plan help us do all the things we want in life without the burden of debt weighing us down.

Learn more about our personal finance journey, and how we started building our money plan by getting your copy of 4: The Four Principles of a Debt Free Life by clicking here.

Note: This article contains affiliate links, meaning we’ll receive payment at no cost to you if you buy through these links. We only recommend products we use or thoroughly vet and would recommend to our moms.  Buying too many of these is how you live fabulously broke. To live fabulously with financial security, start here.

Read more about why and how to build a plan for you money:

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