Steps to Financial Security

Step 1 – Start Tracking Your Net Worth

The first step toward financial security is to start tracking your net worth.

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Step 2 – Get Properly Insured

The second step toward financial security is to get properly insured.

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Step 3 – Establish an Emergency Fund

The 3rd step on the path to financial security is to establish an emergency fund.

Step 4 – Manage Your Debt

The 4th step on your journey to financial security…learn how to manage your debt.

Step 5 – Max Out Your Retirement Accounts

The 5th step to financial security is to max out your retirement accounts.

Step 6 – Invest in Stock and Bond Index Funds or ETFs

Step 6 on the road to financial security is to invest in stock and bond index funds or exchange traded funds (ETFs).

Step 7 – Make an Intelligent Rent vs Buy Real Estate Decision

The 7th step to financial security is to make an intelligent rent vs buy real estate decision. This decision is more complicated than simply comparing your monthly rent versus the amount of a mortgage payment.

Step 8 – Save for Future College Expenses

The 8th step to financial security is to save for future college expenses.

Steps to Financial Security

Here are all of the Military Millions steps to financial security in one place.