An inevitable phase in every person’s life includes becoming an adult.
Adulting or doing grown up things such as paying house rent or car mortgage, holding a job, and being responsible with your career, also includes being financially stable. This idea of being financially stable may be overwhelming and scary at first, but, it can be rewarding in the end.
In addition, looking out for the signs and indications that you’re financially stable will also help you determine whether you are ‘adulting’ financially.
Anna Belov, a successful investor and author of the book, Just Over Broke? How to Invest in Assets and Eliminate Liabilities shares one indicator that you are more stable than you think in an article published by the Insider. The Insider is a publication for, by, and about people who seize life rather than letting it happen to them.
In the article Anna was quoted, “It sounds almost too simple, but living within your means, not spending more than you make, is also an indication that you’re financially stable.”
She added, “Financial stability can be defined by how long one can survive for, should they lose their job, without sacrificing much of their current lifestyle.”
Anna further explained that if you are living relatively modestly and following a general budget that allows you to live according to your income, that likely means that you’d be OK if you didn’t have the same paycheck coming in any longer.
There are also other telltale signs mentioned in the article that indicate you are better off than you think. They are:
- You know your credit score- and understands how it works
- You automatically save for retirement
- You keep an eye out for camouflage cash
- You don’t feel tempted to live extravagantly
- You have some ‘financial spare tires’
- You keep your credit card balance low
- Your accounts grow at least a little bit every month
And, in her book Just Over Broke, Anna shares how to quit being broke and start grabbing the opportunities around you. The book guides you how to get rid of unneeded liabilities and invest in assets, and this will help you grow rich, smile often and help others around you.
Check out the Insider’s full article HERE.
Great share Anna! Congratulations for being a part of this insightful article by the Insider!
At INSIDER, we believe life is an adventure. We’re a publication for, by, and about people who seize life rather than letting it happen to them. Visit www.thisisinsider.com/about