You can arrange a plan, implement and you can analyze your result of work and if any changes are needed then you can take changes by setting financial goals.
Controlling day-to-day affairs of finance to get ability to do things and is the first step in personal financial planning and this can be accomplished by following the budget planning and identifying and writing down the financial goals.
Breaking each financial goal into several short term, medium term and long term goals. This is the second step. Short term is less than 1 year, medium term is 1 to 3 years, long term is 5 years or more.
Educating yourself by reading books about investing and magazines and browsing Internet investing websites is the third step. You can learn enough form educated decisions by putting little effort. And that will maximize your net worth.
Evaluating your progress is the fourth step. Analyze the progress periodically like monthly, quarterly, annually to decide whether the program is working or not. You can make necessary changes when if you did not make satisfactory progress.
