You know that good habits such as ‘exercising’, ‘assessing’, ‘nourishing’ and ‘reviewing’ accelerate your wellness. These are essential for your health and vitality.

Many of you monitor your physical fitness and well-being via your fitness device and/or regular health checks. How many of us monitor our financial wellbeing regularly as well?

Most of us spend 40-80 hours a week at work earning money for ourselves and contributing to our employers’ bottom line. How much time do we devote to our own Financial Wellbeing? 20hrs? 15hrs? 5hrs? None? It’s quite scary.

You must define your financial wellbeing in more concrete terms than merely by your level of available personal finances. It’s important to develop a healthy awareness and understanding of your personal circumstances and goals. To transform your financial wellness, you must know your current financial situation and future goals. You must take concrete actions now so that you are well prepared for any future planned or planned circumstances.

To address your Financial Wellbeing holistically you need to adopt the ‘Prepare”, “Protect”, “Plan” and “Preserve” framework.

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Prepare

Get in control of your finances

Protect

Manage your financial shocks

Plan

Get on track to meet your financial goals

Preserve

Create financial freedom

Once you have transformed your financial wellbeing, addressing these areas. You now need to ensure you have a regular review process so to manage to any changes in your situation.

Should your situation change between reviews, go back to your plan and recalibrate your financial wellbeing and adjust your plans and required activity to stay in track.


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