1. Use common sense
2. Review your plan every quarter and make changes as necessary
3. Identify your retirement savings options
b. Traditional IRA
c. 401 (k) 403(b), 457
d. Cash Value Life Insurance
4. Pay yourself first then debt then fun
5. Know your worth
a. Be willing to turn down an offer that may not fit your success plan
6. Build your personal/business/financial credit
a. This is more than your credit score. Build your credit score but also build your goodwill with others, customers, and your community.
7. Always find the bargain
8. Don’t give it away to the government
a. Find ways to minimize your income taxes now and in the future
b. Do things in a smart manner and think about all the taxes that you can pay now and the future and figure out how one can grow.
9. Negotiate – Always negotiate and ask questions to see if you can get a better deal.
10. Set up and stick with a financial goal and plan
All of these are important steps and goals to accomplishing your financial success. Doing just one of these will help, but to ensure success you need to start with number ten and religiously follow each one. They are not easy but they are doable.
Rodney Mogen, is the president of solveurpuzzles, a business focused company. Helping Financial advisors and insurance agents solve their case troubles and issues. Rodney is also a small business advisor focused on developing financial strategies for small business owners and helping them develop their own strategy and ideas to grow, sell, develop the way they want. He is focused on creating proper financial strategies for Advisors and business owners to assist them in their day to day duties by solving their financial puzzles. Rodney is also the Director of Financial Strategy for The Evans Group. Check out more information at www.solvurpuzzles.com and the financial strategy work for The Evans Group at www.financialselectservices.com.