The golden rules of investing, Financially Fit

Will You Pass Out Financially Fit Test

Here are 15 questions that can evaluate how financially fit you are in your financial health.

15 Financially Fit Test Questions

  1. You can pay off your credit card debt any time you want to or have zero credit card debt.
  2. You’ve got 3 to 6 months’ worth of expenses set aside in case of an unexpected emergency.
  3. You have at least two continuous streams of income.
  4. Saving 10% or more of your income each month.
  5. You have a 6-figure net worth.
  6. You own cash-flowing assets.
  7. Owning a home outright or with a fixed-rate mortgage allows you to lock in your monthly payments.
  8. You own stocks, cryptocurrencies, or investment real estate.
  9. Are you compounding your profits in your investment portfolio by simply letting or re – invest dividends?
  10. Do you have a professional life that gives you positive side growth in income potential?
  11. Do you work to learn and improve more than you work just for a paycheck?
  12. Are you constantly on the lookout for better career opportunities, such as a raise or a job change?
  13. Is your goal financial independence from a job more than owning big houses and new cars?
  14. Which mode of transportation do you use most often?
  15. Do you keep a written budget or do your spending habits tend to be more restrained when you make less than you spend?

How Will You Rate

  1. 0-10 scoring rate you may not have financial peace.
  2. 10-20 scoring rate you are on your way to financial peace.
  3. 20 to 30 point range you already have a high degree of financial freedom, keep going!

Also read : Important Skills For A Successful Trader


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