Building a financial foundation is ensuring you are the master of your money. But being empowered is more than consistently saving a percentage of your income, it’s about having a clear idea of what you want to achieve.
Here are some of the key ways to build a good financial foundation:
1. Assess where you are right now by building a personal balance sheet
2. Protect yourself through planning with emergency funds, insurances, and estate planning
3. Prioritize debt reduction
4. Define your short- and long-term financial goals
