#theartofwealthbuilding #mutualfunds #passiveincome
Let’s quickly see today what I call a good checklist to find out if your financial life is on track? Are you doing well? When can you say that your financial life is an ideal financial life?
Let's see how many of these are true for you
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1. You have positive surplus each month
2. 2. Your net worth is going up on yearly basis
3. 3. You are not heavily dependent on loans to pay your bills?
4. Are you protected by external risks which will destroy your wealth
5. You will be able to handle sudden surprise expenses without external help
6. You are investing a minimum of 10% of your income consistently
7. You are not over-leveraged beyond the danger levels
8. You are earning real return in positive number
9. You are on a high level clear what you want from your financial life
How much did you score?
Out of these 9 points, I would like to know how much did you score and if you are happy with it? Where can you improve and what’s your plan towards it? Do you think this is a good checklist which you should look each year once and ask yourself about it?
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