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11 Cashflow and Compounding

Using a financial statement to set goals

Your personal financial statement can certainly help your financial and personal growth.

Using your personal financial statement you can set goals regarding many aspects of your financial situation, and explore ways to go after your goals.

Regardless of which approach you take, stopping and asking yourself, “Where do I want to be in 6 months, 12 months, 3 years or 5 years?” is a valuable question.

The following pages provide some suggestions for using your personal financial statement for goal setting.  

 

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