One of the main reasons that people fail financially is due to a lack of detailed record keeping and review. Most of us go to the doctor for an annual check-up, where all of your vitals are updated and the doctor enters that information into your chart for a thorough review. Clearly, we understand how important our physical health is, but what about our financial health? We should be conducting a similar process for our financial health as we do for our physical health, but the fact of the matter is that most people are not consistently monitoring their financial wellness. If you are not keeping a close eye on your money, you are committing financial malpractice.
So what are some ways that you can keep your financial health in order? Find out from host Lou Scatigna, CFP® in this segment from The Financial Physician. The money doctor is in!
Listen to The Financial Physician, where Lou Scatigna, CFP® talks money, markets, politics and other topics that affect your financial life.