Creating your financial dreams often begins with simple steps, some truly obvious, some maybe not so, i.e., find and capture the proverbial 'low lying fruit.' It's a tune up that may cost little while providing substantial returns.
Financial security requires understanding our dreams and where we want to be in 5, 10, or 30 years (AKA, the Dream). Then, and only then, an honest appraisal of our financial health (the Assessment) can uncover the gap between today and tomorrow's goals. Third, is the journey, i.e., what is it going to take to get there (Building your financial bridge).
A wonderfully cute phrase, puzzle, was 'Where is Waldo' Hopefully, our financial house is not that difficult to identify and find! Understanding our financial mindset, comfort levels, as well as the 'hard numbers' are all part of the process.
Building your Financial BridgeMany have done it, in many unique and varying circumstances, although it may not be easy. Building a financial bridge requires some raw material (cost cutting vs. additional revenue decisions), sinking those pylons ( I have ten, you have???), laying the concrete base, and making it all look pretty, actually fabulous.
Multiple financial streams, additional revenue sources balanced with cost cutting measures will add up, preferably not ala the 'Financial Cliff Diplomacy' of a certain elected body.
A few Tools
Gotta have some tools if we want to build something substantial. Some of those fall under the rules of the road, the mindset, and just basic aids.