Hey, get your money right!

Often we think we can achieve financial freedom only if we have a Million dollars, 10 million dollars, or more. There is no doubt you will be RICH with that amount of money, but it does not mean you are WEALTHY.

True wealth is the flexibility to do what you want without worrying about work, commitments or time. Freedom to do what you want doesn't mean you have to be rich but you need to have well designed financial plan that takes care of your commitments to family, yourself and the world around you. What are the 3 essential things we need to care about?

1. Regular Wealth Checks. As we all do regular health check to make sure our health is in good shape, regular wealth check is also essential. Timely checks are important for both Health and wealth. Getting professional help to review the financial plan is an essential part of financial freedom. Many a times, I hear people telling me they don't need a financial advisor to help, as they don't have enough money. We see a doctor when we are healthy. Similarly, we need to consult an expert to see how you can improve the financial health.
2. Balance your Portfolio. While good diet is needed for good health, in financial health also you need a balanced portfolio. A good balance between Insurance, Investments is a must. Have investments that has both Value and growth oriented instruments is a must as well to have a balance.
3. Maintain and clean up your Plan regularly. We often here that Exercise, sleep and hygine are essential for good health. Similarly for good financial health, you need to review what you have regularly and see if it matches your current need. Exercise your risk profile while choosing the product as each of us are different and have different risk appetite.

These are simple steps and doing these will ensure that you have good financial health.