What are the 7 steps of financial planning?

1. Set Objectives

Begin by exploring questions related to your future aspirations.

2. Assess Risk Tolerance

Understand the level of risk you are comfortable with.

3. Review Cash Flow

Examine your income and expenses to gain insights into your financial status.

4. Safeguard Your Assets

Take necessary measures to protect your financial investments.

5. Analyze Investment Approach

Reflect on your current investment strategy for effectiveness.

6. Think About Estate Planning

Plan for the distribution of your assets after your passing.

7. Execute and Track Your Plans

Put your decisions into action and monitor their progress.

AWM&T: Your Partner for Financial Success.