It must be act of wonder for you to think who could be financially fit people. Well, the people who are fiscally fit are able to seamlessly, effortlessly and efficiently manage their financial assets. The good news is that these are not rare specimens. In fact, anyone can become financially fit if they apply their common sense and make intelligent and informed use of every opportunity and convert them into fiscal gain for their financial estate. The key here is cultivating habits that are conducive for fiscal growth, and these call for leaving behind all kinds of laziness. In order to understand how the financially fit are able to prevail, we need to study their habits and techniques. Here is a list of the obvious things that financially fit people do:

1. Paying for Yourself: It’s not just enough to be able to pay your own bills and personal expenses such as groceries, shopping or miscellaneous expenditure, it should be a habit to be able to put your money into savings as well. Actually, this ought to be the priority, and fiscally fit people follow this mantra quite religiously. They don’t compromise on putting their money into their savings account first, as this allows them to have a dedicated percentage of money that could be used to pay for fixed as well as sundry expenses.

  1. Worrying about Money: For fiscally fit people, money construes itself as a general worry for them, even if they have their financial concerns sorted. The secret is, however, not getting too anxious or not over-reacting on the basis of these worries. Rather, this is a healthy concern as this enables them to keep a tab on their expenses. Not only is this an effective way of them exercising fiscal discipline but also prevents them from moving away from their financial habits. And lastly, this worry stops them from making ill-calculated and hasty decisions.
  2. Respecting the Risks: Fiscally fit people never underestimate or don’t maintain nonchalance about risks, and this is a very important quality you should inculcate as well. They are aware that any sort of financial transaction or activity involves some kind of risk or the other, so they opt for investments that fall within the capacity of them being able to take up a certain amount of risk. They also take up life insurance and health insurance schemes in preparation for any contingency that might result from accidents, illness or disabilities.
  3. Saying No to Debts: One of the most distinguishing features of financially fit people is the fact that they always tend to avoid debts of any kind, especially credit card debts. Yes, it is not a surprise that even the fiscally fit use credit cards. What sets them apart, however, is that they tend to pay their dues on time and in full. In addition, they carefully review their credit card statements in order to keep a check on their credit card expenses. In this way, both debts and unnecessary interest is stuffed onto the shoulders of the financially fit.
  4. Plan and Goal: The fiscally fit have a very clear idea on what do they want as financial objectives. They tend to list down these goals and prioritize them and thereby, chart out a road map through which they could attain these goals. Also, they don’t panic if any of their plans don’t match up to their expectations, because they’re flexible and would smartly prepare a contingency plan in case the original plan ends up being an abject failure.
  5. It’s Okay to Make Mistakes: Mistakes are perhaps life’s greatest teachers, as they have a lot to offer when it comes to learning from them. The financially fit are as human as you are, and like any other human they are bound to make mistakes now and then. But it is their resilience that makes them learn from their mistakes, and therefore you would notice that they don’t make the same mistake twice. These mistakes could vary in their magnitude, between lending an amount of money to a relative or a friend and not getting it back, or something objectively stupid as investing in a “get-rich-quick” scheme. But it is these mistakes that have made the financially fit what they are: they are now aware of their financial boundaries and they move on from these mistakes instead of dwelling on them at length.
  6. Remembering Emergency Funds: The hallmark of a financially fit individual is their distinguishable ability to foresee foir the long term. They tend to chalk out everything that they are most likely to face. So, besides maintaining finances in savings and in investments, they also put away money for purely emergency purposes. More often, these people opt for putting aside six months’ worth of living expenses as emergency money, so that they can promptly respond to any and every emergency that might come their way.

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