Cashflow and Compounding
Using your personal financial statement
Building your PFS
14. It is suggested that you review your position regularly.
By doing so you create the opportunity to proactively make changes to the way you are managing your financial affairs, and create some new actions which you believe will make a positive difference to your situation.
15. And last but not least, when projecting forward your income requirements, include an allowance for inflation, which is one element of consideration for our next chapter, compounding.
You will find a Personal Financial Statement template in the downloads section of this website.
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