Is your Financial Life on Track- A basic Check list

*BASIC CHECK LIST TO KNOW, IF YOUR FINANCIAL LIFE IS ON TRACK OR NOT*

*Ans also given in Y/N format*

1. Do You have positive surplus each month?(Minimim 20% of income) - Y

2. Is Your Net worth Growing every year compared to previous years? - Y

3. Are you dependant on Loans to pay your expenses? - N

4. Are you protected by external risks which can destroy your wealth? - Y

5. Will you be able to handle sudden surprises/ expenses without external help/Loans? - Y

6. Are you paying more than 20% of your income as EMI for depreciating products? - N

7. Are you INVESTING  a minimum 15% or more of your income consistently EVERY month? - Y

8. Have you created more than 3 sources of Passive income? - Y

9. Have you created a blueprint for generating passive income and rigorously following it? -Y

10. Is your investments, giving returns above the rate of INFLATION ? - Y

I sincerely hope all of us are on TRACK. Do share your views🙂 

If possible *Please feel free to share this check list with all, whom you care and want them to be financially abundant.*

Tomorrow, We shall move towards *A Road Map to Investments* and discuss about *types of Asset Class.*

Happy Investing🙂

Biswajit Roy

Msc(Psychology), MBA,  CMFD

Financial Psychologist & Wealth Strategist.

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