Financial Resolution for next year!!

Its year end and time has come again to have one or more new year resolutions.
Whats your new year resolution?




If financial independence is one of them , then following questions will be of your interest.

Are you saving enough for your retirement.?
Have you planned for an Life insurance?
Do you have medical/health cover?
Do you plan to buy a car/house.?
Do you plan to marry in few years? Or children if already married :-)
What is your current investment in debt/equity.?
Do you think you can maintain or improve your current lifestyle?
Does your current investment will help you in achiving your financial goal?

For each of the above you need to plan and save/invest regularly.

Some of the goals can be short term so money need to be in liquid instruments instead of locked-in long term instruments.

Sit back and analyze how your investment faired in the current year and what can be done to improve financial health.

You can ask yourself each of these questions and answers to them will automatically come and if you are not on the right track you will get your new year financial resolution.

"Instead of spending less than you earn, Earn more than you spend"