Now that you have established your goals and gathered all
information relative to your net worth, you must analyze the
information to determine if your goals are reasonably
attainable.
Use relatively conservative accrual and future income and
savings rate assumptions. This may also be an opportune time to
establish a family budget to identify any extraordinary or
excessive spending. Likewise, it may be necessary to generate
additional income opportunities such as part-time employment,
scholarship or grant programs for college, etc.
Once you have thoroughly analyzed your financial position, you
are ready to move on to the next step of selecting a strategy to
attain your goal.