Are you financially healthy? Find out how you can improve your financial condition.
How is your financial condition at this time? Have you spent time to evaluate it? Unless you evaluate it, how can you make significant improvement?
1. Evaluate Your Goals
Do you remember your last year goals in terms of your relationships, health, career, personal development, spiritually and financial? How well are you doing so far? Have you analyzed your finances – expenses, income, saving and investment? If you have not done your financial goals yet, now is the right time to do so. Stop procrastinating and get started.
2. What Is Your Diagnosis?
You need to be honest to yourself. Please do your financial balance sheet and evaluate which part of your finances is in a good condition and which part needs improvement. Numbers can’t lie to you. Having your financial balance sheet allows you to face the reality and thus making significant improvement.
Next, compare your investments against a benchmark (e.g. a person of a certain age will have a benchmark heart rate or blood pressure). Did your portfolio grow overall? What is your diagnosis in your investment?
3. Money Management Advice
There are money management advisers around. You can consult a wealth creation coach, especially if you have specific concerns. A money management coach may be able to give you a more objective view of your investment needs and recommend a more disciplined decision. A coach can also offer an insight into longer-term market trends and review your portfolio to see whether it is likely to achieve the returns you are targeting. Finding the right wealth creation coach, will surely turn your financial condition.
4. Wealth Management Knowledge and Skills
There are many self-help books, audio and video that will help you manage your money well. I know one of a great resource that helped my financial condition from being broke to a journey of financial freedom. Please get the resource you need.
Unless you do something about it, your financial condition will remain the same if it is not getting worse. Remember that you are responsible with your financial destiny.
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Why should parents be the teachers of money management?Why should parents be the teachers of money management and not schools?
About Author
Tessie Setiabudi -
About the Author:
Tessie is both a Psychologist and HRD Consultant. Born in Indonesia she completed her BA, MA in Psychology from the United States of America and MBA in Training and Development from England. She has lived in the US, Australia, UK and Singapore for over twenty years. Tessie has consulted various organizations in Asia region and made significant contributions for their improvements. With her online business, she is passionate in helping people find financial freedom.