Disclosure: I adapted these from 7 Habits of Highly Effective People by Stephen R. Covey.
Most of the time you know your finances are in good shape if you have money - little to no debt, positive net worth, etc.
But to get there, there's a whole host of tips, rules, guides, advice, etc. that you can follow. But how can you judge if you're really doing great?
Maybe you're following some rules and ignoring others.
Maybe you're actually doing the right things now, but your finances are just bad because it took a beating from the time when you weren't so responsible.
Maybe you're an uber-sophisticated investor, but your family is strictly savings-account-only. If your finances are entwined, how do you evaluate that?
When investing (in anything), having a good system, process, or set of guiding principles is the best way to ensure long term success. The same is true for almost everything else in life, including personal finance.
So I figured these 7 habits would make great "road signs" to let you know you're on the right path, regardless of the current state of your finances.
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