One thing most people work towards achieving is Financial Stability.
What does it mean to be financially stable? Simple! It means when you are debt free, have savings, and you can actually go on one or two full time vacations without seriously boring a hole in your bank account balance.
However, these are not the only sings of financial stability. To know if you are really financially stable, check out these top 15 signs and see how you fare;
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You are debt-free
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You have savings
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You don’t do a countdown to your next salary.
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You can buy what you want without worrying.
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You don’t argue over money with your loved ones
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You do not bet or depend on winning bets for income.
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You can lend money to friends and give to charity without thinking “what will happen in 2 weeks” first.
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You can actually go on a vacation at least once or twice a year.
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You have multiple investments.
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You have a good credit score. Meaning you can actually be vouched upon to pay back borrowed money.
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You know how to successfully budget each month.
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You can go through the month without touching your savings.
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You have an “emergency fund”. This should be different from your savings.
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You make good financial choices without needing advice.
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You have your own property.
Now you do not have to score 15/15 before you can say you are financially stable, just have a decent score and know that you are working towards achieving the rest.
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