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The Flowchart of Financial Health
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Ajay Malhotra
January 25, 2025 • Estimated Reading Time: 4 minutes
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How do you measure the state of your financial health?
Think of it like a flowchart—each decision impacts the next step. And with the right actions, you can move toward a secure and prosperous financial future.
Let’s walk through your financial health checklist.
Ready?
1. Have you taken a loan?
Yes: Is the repayment more than 30% of your monthly income?
If yes, start finding ways to reduce your loan burden.
If no, great! You’re managing debt well.
No: You’re already on solid footing—keep it up!
2. Are your expenses more than 50% of your monthly income?
Yes: It’s time to tighten your budget and reduce unnecessary spending.
No: Awesome! You’re balancing your expenses well.
3. Have you saved for financial emergencies?
Yes: Well done! Your safety net is in place.
No: Start building an emergency fund with 3–5 months' worth of expenses. It’s a game changer.
4. Do you have insurance?
Yes: Great job! Insurance is your financial safety net.
No: Secure your future today. Look into term insurance, health insurance, and accidental insurance.
5. Do you invest?
Yes: That’s impressive! Keep growing your portfolio and aligning it with your goals.
No: No worries. Begin by exploring investment options that match your financial objectives.
Remember: Every “yes” on this flowchart is a step closer to financial freedom. And every “no” is an opportunity to improve.
So, where are you on this journey?
Hit reply and let me know!
To building your wealth,
Be Wealth Operator.
P.S. If this checklist helped you uncover areas to improve, start taking action today—your future self will thank you.
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