8 Key Metrics to Assess Your Financial Well-Being
Last week I wrote about seven frameworks to analyze your entire life and overall well-being. But what if you’re not interested in your overall well-being and just want personal finance specific frameworks? You're in luck. We have some metrics you can use to assess your financial well-being. Metrics to Assess Your Financial Health Below are the best ways to think about your personal finances. You can analyze, track, and assess your financial health and wellness with these metrics. Run the numbers, and see how you are doing. 1. Income and Expenses The simplest framework for understanding your monthly and yearly finances is to understand your income and your expenses. To put together this list, simply put your income in one spreadsheet (or column of a spreadsheet) and your expenses for that…
