3 questions you can ask to check your Financial Health

3 questions you can ask to check your Financial Health

If I die tomorrow, how many years can my family maintain their lifestyle without working?
Ideal Answer-Forever for spouse and if you have children then till they are independent.

If I stop working, how many years can I maintain my lifestyle?
Ideal-Atleast one year. If you can do that for more than 10 years you have really achieved financial freedom

If I or my family members are admitted to the hospital how much money can be funded through Insurance?
Ideal Answer-All of it in most cases.

If your answer does not match the IDEAL mentioned above then it is suggested you take a hard look at your Financial Situation.

Leave a Reply

Your email address will not be published. Required fields are marked *