How can you check your personal financial health?

[Suba]

To invest or build a business, of course we need idle money, meaning money that we don't use for daily or monthly needs, so we can invest this idle money or build a business, however, before that we also really need to know whether our financial condition is green/healthy, yellow. /caution and red/danger. So how do you check your financial health?

 

[Augusta]

You check your financial records. You check your bank accounts and your assets which could be your savings or fixed deposit account know the amount you have in them. You would readily know your financial Health from there

 

[King Belieal]

I would say that the metric to check your financial health is how much you have grown financially overtime. Has your net worth increased or not?

 

[eLdavis]

I think the best and easiest way to go about this would be to check your back records.

 

[Starmix]

I checked it based on the figure I saved in the bank. I know for sure the money I have in the bank apart from the passive income that I have and the salary that I received.

 

[Springtime]

I will check the balance of all my bank accounts and the value of the investments I've made. I will also check my monthly income and expenses.

 

[Augusta]

Yes, check yourself and see how financial growth you are. If your worth is incredible then you are having a healthy one.

 

[Fidelia]

I rate my financial health by the value of assets I have been able to acquire over a specific period. If I have been able to acquire more assets, that means I am on track.

 

[riberet19]

I think this can be measured by your purchasing power, your asset holdings and passive income, how much you need to work to have some financial independence, and your ability to save...

 

[AruneBend]

I think it is easy to check I use some apps bank information etc you should check it quite often to make sure you are doing fine

 

[Augusta]

Yes you can rate your purchasing power, look at your different asset holdings and see their worth in value to know how far