10th July 2008

Financial Health Check

Just as you would visit a doctor for your medical check-up, when was the last time you had a financial check-up?

1. I have a Will to distribute my assets to my loved ones according to my wishes. :) :(

2. I have life insurance coverage of at least 10 times my annual income. :) :(

3. If I were to lose my job now, I have enough savings to provide for at least 6 months of my monthly expenses. :) :(

4. I have started building my retirement fund of at least 10 times my annual income. :) :(

5. I have critical illness insurance coverage of at least 2 times my annual income. :) :(

6. My health insurance plan will take care of my medical & hospital bills without any out-of-pocket expenses from me. :) :(

7. I have a trusted financial professional who looks after my financial well-being. :) :(

8. I have started to plan for my children’s university education funding. :) :(

9. My house will be fully paid for in the event of my death or permanent disability. :) :(

10. If I were to sell my house now, I would have more than enough money to pay off the outstanding mortgage. :) :(

How many smiling faces do you have?

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google
  • Yahoo! Buzz
  • TwitThis
  • Live
  • LinkedIn
  • Pownce
  • MySpace
This entry was posted on Thursday, July 10th, 2008 at 5:16 am and is filed under Financial Health Check. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply

  • Calendar

  • September 2010
    M T W T F S S
    « Sep    
     12345
    6789101112
    13141516171819
    20212223242526
    27282930