Mastering Your Finances

Personal Finance is a deep sea. But anyone can swim through it. Important is to have financial literacy and financial planning in place.

The book covers topics on how to create your financial plan, from beginning to end. The book also contains some techniques to achieve your financial goals, build wealth, how to create retirement planning, where to invest, etc.

The book is divided into 11 Chapters:

1. Introduction to Financial Planning
   • Definition of Financial Planning
   • Importance of Financial Planning
   • Key Principles of Financial Planning
2. Assessment of your Current Financial Situation
   • Understanding your Net-Worth
   • Identifying Income Sources
   • Identifying Expenses
   • Assessing Debts and Liabilities
3. Setting Financial Goals
   • Short Term Goals
   • Medium Term Goals
   • Long Term Goals
   • How to Prioritize Goals
4. Creating Budget
   • Tracking Expenses
   • Creating a Spending Plan
   • Budgeting Tips and Tricks
5. Managing Debts and Liabilities
   • Types of Debts
   • Strategies to Pay-off Debts
   • How to Manage Credit Cards
   • Tips to avoid New Debts
6. Building an Emergency Fund
   • What is Emergency Fund
   • Importance of Emergency Fund
   • How to build Emergency Fund
7. Investing for Growth
   • Different Types of Investments
   • How to Choose the Right Investment mix
   • Tips for Successful Investing
   • How to create a Diversified Portfolio
8. Protecting your Assets - Importance of Insurance
   • Why Insurance is Important
   • Types of Insurance Policies
   • How to choose the Right Insurance Coverage
   • How to manage Insurance Costs
9. Planning for Retirement
   • Importance of Retirement Planning
   • Different types of Retirement Accounts
   • How to Plan for Retirement Expenses
   • Tips for Maximizing Retirement Savings
10. Estate Planning - Protecting your Legacy
    • Importance of Estate Plan
    • Estate Planning Documents
    • How to choose and Estate Planning Attorney
11. Implementing your Financial Plan
    • How to Implement
    • Staying on Track