Many people spend most of their time pursuing financial stability. So what is financial stability? Trang Business Insider recently listed 20 characteristics that can help you determine this.
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If you have many of the following points, you are in a financially stable state. If you have not achieved financial stability, these will be suggested goals to help you.
1. You never spend more than the amount in your account.
2. You do not lose sleep over financial matters.
3. You use credit cards for convenience and the benefits it brings, never using them excessively.
4. You do not worry about losing your job.
5. You have no bills that are overdue.
6. You pay bills ahead of schedule.
7. Many people ask for your opinion, advice on financial matters.
8. Overall, you are satisfied with your current financial situation.
9. You have no bad balances on your credit card.
10. You contribute a two-digit proportion of income to your retirement funds.
11. You do not feel guilty when going out to spend and enjoy yourself on special occasions.
12. You are fully able to buy what you really want.
13. You have a habit of saving and do this naturally.
14. You are quite generous in money matters with charitable organizations or helping those in need.
15. You have confidence in your own future.
16. The number of assets you have increases every year.
17. You consistently live and spend below your ability to earn money.
18. Your child’s tuition fee does not make you anxious.
19. You focus 100% on the work you do, not letting money dominate.
20. You feel capable of controlling and managing your personal financial situation.
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