If you were to stop working today, how many days can you last?
Specifically, how many days/months can the funds in your bank account last?
It’s a simple calculation of determining:
Your net worth = How much you have in your bank accounts + liquid assets (Fixed deposits etc)
Your expenses = How much do you spend every day/month
Take (1) Your net worth divided by (2) Your expenses.
How does the number look?
Do you let out a sigh of relief, knowing you can last for some time? OR
Do you heave a sigh of worry, suddenly realizing you don’t have much cash to fall back on?
It’s a good reality check on your current financial situation.
Take charge of your finances.
Take charge of your life.
You only have one life, live it to the fullest.
Time is ticking.
My strong belief – Money is important but it’s not the most important thing in the world. It should not be allowed to cripple us and stop us from achieving our purpose in life.
Take a reality check on your financial situation today.