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3 years ago

What steps can be taken to build a sound financial reputation

Business

2 answers:

jok3333 [9.3K]3 years ago

8 0

planning for retirement

puteri [66]3 years ago

7 0

The seven steps to achieving a sound financial reputation include:

1) Analysis of cash flow – Positive cash flow would mean having funds available for savings.

2) Making a plan for retirement goals and other special goals.

3) Increase retirement savings – This can be done by maximizing contributions in your retirement accounts or catch-up with missed contributions.

4) Reduce income tax. Consult a tax professional to help you with your tax strategy.

5) Keep pace with the current inflation rate.

6) Manage potential risks and liabilities – Being covered with insurance can give you protection in times of unexpected risks.

7) Consult a financial advisor to provide you with informed decisions.

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