Financial Agility

November 11, 2018

Definition

 

Financial Agility

 

 “The ability of an individual to rapidly respond to change

by adapting its initial configuration.”

 

This is the key principle we advocate - Financial Agility.

 

Financial Agility allows one to have the ability to respond rapidly to any changes by adapting itself to any situation.

 

How does that work?

 

It is setting up the structures and engines running such that the bills are automatically paid on time, no late fees and charges. There is no longer any need to monitor bill payment or make monthly internet transfer between banks.

 

Savings are automatically transferred to a less frequently used account. Having sufficient emergency fund such that it’s able to cover all emergencies.

 

Recurring income is automatically credited to the right bank account.

Everything runs like clockwork financially.

 

Like exercising, for a body to be agile, it takes time and effort to exercise the body regularly. Being agile is also the ability to keep the body stable despite any distraction or disturbance.

 

The same principle is applied to financial life as well, the ability to keep the finances stable, ensure everything is still running smoothly, ensure there’s food on the table and bills paid despite any distraction or disturbances or disruption financially.

 

Therefore, to reach the state of Financial Agility, remember it takes time and effort to set up structures over time, so the best time to start is NOW.

 

Are you looking to reach a state of Financial Agility?

 

 

 

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