Financial Health vs Physical health – which is more vulnerable?

Few key measures of financial well-being are as follows; From a day-to-day (or month-to-month) perspective, we want to feel in control of our finances. We also want the freedom to meet long-term financial goals such as paying off the mortgage or retiring comfortably. Another important factor that contributes to financial ‘fitness’ is being ready for any curve balls that may come about such as job loss, ill health affecting income for a time or challenges periods in business.

There’s no denying the correlation between financial health and physical well-being. A 2015 survey conducted by one of the largest banks in the US, revealed that 81% of respondents found other goals much easier to achieve when their finances were in order, whilst 70% stated that good financial health had a positive impact on their physical health.

It’s important to define what you’re working toward and set out a timeline. Investing can be as simple or as complicated as you desire but working with a professional will help you develop a diverse portfolio in a prudent way. Keeping your eggs in different baskets and ensuring your choices align with your goals and preference to risk is key. Hence the priority towards a Family Protection as well as Business protection against any uncertainties should be treated with equal importance in the present scenario.

#Askxanara #returntobusiness #wealthmanagement #banking #portfoliomanagement #bankingindustry #familyoffice #hedgefunds #assetmanagement #equities #financialplanning #financialadvisors #investments #financialplanner #financialadvice #financialservices #investmentbanking