Alaosulaimon
New member
Identifying Financial Security:
It might be difficult to quantify financial security because it can be subjective. Some people could think their goals are different from others' goals. A million dollars may be what one person wants, but another may only want to have money in the bank each month. By excluding the opinions and concentrating on the key elements that influence financial security, like:
Not having any debt,net worth,stress,cash reserves debt to income ratio
All these are determinants to identify if you are financially secure
It might be difficult to quantify financial security because it can be subjective. Some people could think their goals are different from others' goals. A million dollars may be what one person wants, but another may only want to have money in the bank each month. By excluding the opinions and concentrating on the key elements that influence financial security, like:
Not having any debt,net worth,stress,cash reserves debt to income ratio
All these are determinants to identify if you are financially secure
