10th
July
2008
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.
Read the rest of this entry »
posted in Financial Health Check |
10th
July
2008
Rate from 1-5 with 1 as “Not True” & 5 as “True”.
1. Making money is easy for me.
2. Good people make money easily.
3. Bad people make money easily.
4. I reward myself for hardwork by buying something expensive.
5. Everytime I get depressed, I go shopping & buy something expensive.
6. I should live in the most expensive house I can afford.
7. My house should serve my needs & be an investment.
8. I use my credit card freely.
9. I use my credit card only when absolutely necessary.
10. I save at least 20% of my income.
11. I can rely on my CPF for my retirement.
12. I am actively planning my finances for retirement.
Results:
Doing Well : 48-60
Coping : 36-47
Struggling : 24-35
Poverty : <23
posted in Financial Health Check |
