5 Steps To Get Your Financial House In Order

Congratulations! You’re taking the first step toward a brighter financial future. You’ve decided to finally cut out the noise and focus on getting your financial house in order. Well, you’ve come to the right place. In this article, we talk about 5 proven steps you can take right now as you journey toward financial independence.

Step 1: Fix Your Money Mindset

How you think about money determines what you do with it. If you’ve convinced yourself that you’re incapable of making good money decisions, you’re right. If you decide today that you’re worthy of financial independence and that you can learn to make better money decisions, you will.

Your financial situation doesn’t change until you change. Fix your money mindset so you can overcome every financial challenge that comes your way.

Step 2: Evaluate Your Current Financial Picture

There’s no shame in this step. Spend a few hours taking a good look at your current financial picture. Some key items to look over include:

• Total income
• Monthly expenses
• Debt
• Savings and investments
• Credit card statements
• Retirement accounts
• Spending patterns

Examine all these things so you have a clear picture of what needs improving. If your current picture is bleak, don’t spend time wallowing in what could have been. The most important thing is that you’re here, right now, making a plan to fix it. 

Step 3: Define Your Financial Goals

With your current financial picture in mind, it’s time to create a crystal-clear vision of where you want to end up. This step involves defining your short-term and long-term financial goals. Don’t hold back here. If you really want to reach your goals, they need to be as specific as possible. Just saying you want to “buy a house” means nothing. You need a measurable way of getting there.

Here’s an example of a clearly defined financial goal: I want to have $50,000 saved up for a down payment on a house in 5 years.

Step 4: Chart Your Path To Financial Independence

In this step, you map out exactly how you’ll achieve the goals you’ve defined in Step 3. If your goal is to save $50,000 in 5 years, calculate how much money you need to save every month to get there.

Mapping out these baby steps is the key to financial independence. When life offers you a trade-off, such as taking a spontaneous trip to Hawaii or putting that money toward your down payment, it’ll be easier to make the right decision.

Step 5: Seek Help From A Trusted Professional

Getting your financial house in order is no easy feat. You can plan and plan and plan, and yet still be unsure of what to do when life throws your plan off track.

Who do you turn to when you want to make sure you won’t outlive your money in retirement? Who do you call when you get married and need help combining finances? Who will be there for you when you suddenly lose your job and need help creating a temporary financial plan while you get back on your feet?

Moments like these are why it’s critical to have a trusted financial advisor in your corner, ready to help you see through the financial fog. At FIT Wealth Management we cut through the fog as you get your financial house in order and journey toward financial independence. No matter what step you’re on right now, we’re happy to help you put long-lasting financial strategies in place that help you reach financial independence. To get started, contact us by phone at 303-618-3587 or by email at [email protected].

About FIT Wealth Management

FIT Wealth Management is a full-service financial advisory firm dedicated to delivering an intentional, uncommon, and personal wealth management experience. Led by Brian Miller and Aaron Anderson, the FIT team strives to help people achieve financial independence through best-in-class financial planning and investment management, using their 3-tiered framework to create a comprehensive plan that is intentional, disciplined, and repeatable for optimal results. To learn more about FIT Wealth Management and what they can do for you, connect with them on LinkedIn.