Many people think that financial planning is about finances, when it is really about life. Good financial planning is about using your resources most effectively to create the life you want to live and the legacy you want to leave. Your first step in the process is to better understand where you are in your life cycle right now.

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Let's look at one model that might help determine your current life stage. In his book, The Entrepreneurial Journey, Norm Trainer writes about his understanding of the stages of our journey - in business and in life. In each stage, we tend to focus on certain common themes or questions. The type of questions you most often ask yourself about your job, financial circumstances or your business will help you determine where you are right now. Typically, businesses and individuals either grow, by struggling through each stage, or they become stuck at some point along the way for a variety of reasons.

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