Tuesday, March 30, 2010

Do your own Financial Health Check

YOU probably get an annual physical. Your doctor will ask about your concerns, take your blood pressure and 30 minutes later you’re out of the paper gown and off to work — maybe with a new prescription for Lipitor.

A similar annual checkup takes place in another type of practitioner’s office: financial planners. But instead of analyzing your good and bad cholesterol levels, a planner may evaluate your good debts (mortgage) and bad debts (credit card). And instead of testing your reflexes, they may look at your savings and assess your ability to respond to a financial emergency.

Posted via email from Ranjan's posterous

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