The terrain: Prosperity Quadrant II (positive cash flow; negative net worth).
The trek: To build net worth.
This activity on the trek: Begin your trek.
Difficulty rating: Easy
Net Worth (Quadrant II) is a trek for families with positive cash flow and negative net worth.
The objective is to achieve a positive net worth.
We’ll focus on several areas:
- saving your money from your income stream,
- reducing your debt,
- protecting your income and assets, and
- living within your means.
So let’s get started to find steps that you can take today to save money from your income stream. Later, we’ll look at steps you can take to reduce and control debt, protect your income and assets, and live within your means – finding additional sources of income and cutting back on spending.
Related Activities and Side Trips
- Establish your Savings Priorities – Your Savings Hierarchy
- How to Get Promoted and Get a Raise
- Immediate Fixed Annuities
- Income Replacement Mutual Funds
- Life Insurance – Build Net Worth Conditionally
- Retirement Cash Flow – Budgeting, Expenses and Income
- Retirement Income Streams
- Withdrawal Rates in Retirement – Longevity and Planning
Itinerary for the Build Net Worth in Prosperity Quadrant II Trek
Build Net Worth in Prosperity Quadrant II- Net Worth: Begin Your Trek to Save Out Of Income, Reduce Debt, Protect Your Income and Assets and Live Within Your Means
- Net Worth: Save From Income
- Net Worth: Save From Income: Get the 401(k) Match
- Trek II: Get Disability Insurance
- Net Worth: Protect: Estate Planning
- Trek II: Get Free Credit Report
- Trek II: Evaluate Debt
- Net Worth: Debt: Improve Your Credit Score
- Trek II: Reduce Credit Card Debt
- Trek II: Automate Your Banking
- Net Worth: Save From Income: Fund a Roth IRA
- Trek II: Net Worth: Debt: Debt Payoff Plan
- Trek II: Lower Your Credit Card Interest
- Trek II: Invest in 401(k) Non-Match
- Net Worth: Protect: Emergency Fund
- Trek II: College Savings
- Trek II: Health Savings Account
- Trek II: Evaluate Career Trends
- Trek II: Improve Your Career
- Net Worth: Protect: Long-Term Care Insurance
