You started off as a rookie 24 year old in your first job. You promised yourself you will save once your salary increases. Some of you did it, some of you did not. You had an educational loan. You added on a car loan. You obviously went and bought a house. You have some investments.

You now have no clue whether you are financially stable or not…so here is a crude checklist…try it:

1. You can handle a financial emergency: suddenly you have a Rs. 30k emergency, and you handled it well. Good show.
2.  You pay your credit card bill on or before the due date IN FULL.
3. You are saving / investing a regular amount every month.
4. You have a very nice debt:income ratio. Say all your debt put together is about 3 years ctc.
5. Your friends turn to you / your spouse for financial advice
6. You have no financial fights with your spouse, parents, or children.
7. You and your partner know everything about your finances – nothing is hidden deliberately
8. You and your spouse have a lot of your financial details written down well
9. You can take off on a holiday with your family without worrying about your financial goals or budgets
10. You CAN splurge on a thing you love…BUT YOU CHOOSE not too.
11. You have no addictions
12. You take good care of your health and wealth!!
13. You monitor your NET WORTH..and it keeps going up every year
14. You made much larger down payments for every asset that you bought
15. You drive a sensible car and do not believe the car industry myth of ‘one car only 5 years’ kinda shitty myth.
16. A job loss will worry you, but it is not the end of the world.
17. Your parents / and children are also financially stable
18. You have good, solid, sensible life and medical insurance
19. You and your spouse have held steady jobs for long and HAVE BEEN PROMOTED in that organization

Scored a yes in 15 of the above? Great show…way to go…