U r a high income earner but unable to escape your corporate shackles in spite of actively working > 20yrs.
WHY?
Lets delve deep & do some introspection.
#threadbytradersushma
#financialfreedom
#booktwt
WHY?
Lets delve deep & do some introspection.
#threadbytradersushma
#financialfreedom
#booktwt
Here's list of 25 questions u can ask yourself to actually know what went wrong in your financial planning. Answers to these might open doors to financial awakening!
Curated from the book “The Millionaire Next Door"
Curated from the book “The Millionaire Next Door"
1.Have u ever calculated your NET WORTH?
2.What % of your monthly income do u invest in stocks?
3.Do u live in an upscale neighbourhood with affluent looking neighbours?
4.How often do u go out to upscale diners for eating out?
2.What % of your monthly income do u invest in stocks?
3.Do u live in an upscale neighbourhood with affluent looking neighbours?
4.How often do u go out to upscale diners for eating out?
5. How often do u shop just for fun & not necessity?
6. What is the price of your car as a % of your net worth?
7. Do u drive luxury cars?
8. How much is your house worth as a % of your net worth?
6. What is the price of your car as a % of your net worth?
7. Do u drive luxury cars?
8. How much is your house worth as a % of your net worth?
9.Do u do budgeting for your household expenses?
10.Do u know how much is your family spending on food, cloth & shelter every year?
11.Do u spend lot of time worrying your finances?
10.Do u know how much is your family spending on food, cloth & shelter every year?
11.Do u spend lot of time worrying your finances?
12. How many credit cards, membership cards, diners’ cards etc do u hold?
13. Do u take professional help to manage your finances?
14. How much money do u allocate for financial advices?
13. Do u take professional help to manage your finances?
14. How much money do u allocate for financial advices?
15. Do u think that all financial advisors r of same quality & therefore u pick one with the lowest fees?
16. What does be rich actually mean to u?
16. What does be rich actually mean to u?
17. Is your life goal to spend each & every amount u earn or accumulate enough wealth to become financially free?
18. Do u think that by working very hard in high paying job u will become rich?
19. Do u think high income can be generated only by hard work?
18. Do u think that by working very hard in high paying job u will become rich?
19. Do u think high income can be generated only by hard work?
20. Do u think wealth accumulation goals will demotivate u to work hard & excel at your workplace?
21. Do u think that your Housing Loan is a forced savings & EMIs will encourage u to work harder?
21. Do u think that your Housing Loan is a forced savings & EMIs will encourage u to work harder?
22. Do u enjoy your life in spite of possessing all the luxurious items?
23. Do u have time for your family & other events of your life?
23. Do u have time for your family & other events of your life?
24. Do u constantly need to convince others of your success by showing off your luxuries?
25. If there’s any increase in income, are they already earmarked for consumption beforehand?
25. If there’s any increase in income, are they already earmarked for consumption beforehand?
That's all for this thread! If u liked it RT the 1st post of this thread to spread financial awareness.
Meanwhile follow @tradersushma for more such takeaways & insights on Finance topics.
Happy Reading !
Meanwhile follow @tradersushma for more such takeaways & insights on Finance topics.
Happy Reading !
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