2nd+page

// Being wealthy could be very important to some people. If you want to be wealthy it doesn't take alot of work it just takes commitment. There are different steps and phases you have to go through to be wealthy. One of the most important things you have to have in being wealthy is to have an __**EMERGENCY FUND.**__ You have to make some very important decisions in order to become wealthy, you might not want to do it but if you want to be able to manage your money right and be wealthy these are some ways that making decisions would help you be come wealthy (or a Milllionaire). __Personal Financial Planning__ is kind of the first step in managing your money. This is how you keep up with what you spend and what you save so you have the kind of life you want in the future. Setting goals for yourself can help you in the future as far as knowing what to expect out of yourself and what or how much you want to have by a certain time. There are five different steps in the Financial Planning Process those steps are: Determine your current financial situation, develop your financial goals, identify alternative courses of action, evaluate your alternatives, create and use your financial plan of action, review and revise your plan. There are also three different types of goals, and those are long term, intermediate, and and short term goals. Me personally i have long term goals because i am still in high school and i am planni ng out my future after college. i too want to become wealthy one day and hopefully this information will help me. Market Force, Financial Institutions, Global Influences, and Economic Conditions are all thing that play a role in day-to-day financial decision making. there are so many strategies you follow to achieve your goals those are, obtain, plan, spend, save, borrow, invest, manage risk, retire. That's basically the first step of being wealthy. //