15/03/2023
It’s time to mind your core business. Finance!
Your Finances and Financial Health are important. Financial health takes into account several factors of your situation to give a holistic look at how prepared you are to meet different financial needs. When dealing with Finances you are dealing with Cash and Cash-Flow which is the “blood” of our economy and your company. Simply put: Your level of financial health indicates your readiness to pay for things now and later, expected or not.
Factors like steady income, leveraged debt-to-income ratio, and consistent superannuation investments may indicate a strong financial health. On the other hand, inconsistent income, unlevered debt, or a lack of alternative funding may weaken your financial health.
Why does financial health matter?
Financial stress and anxiety are real — and many of us have felt it at some point. Whether you’re worrying about future events on your timeline, stressing about having enough money for next month’s rent, or even feeling anxiety about going out to dinner with friends due to cost, these are all feelings that can arise from your financial health not being where you’d like it.
Everyone is affected differently by their financial standing, but poor financial health can impact far more than just your wallet. The stress of money can impact your mental and physical health in several ways. For example, experts say negative or anxious feelings toward your finances can hurt your social life and relationships, lead to poor focus if you constantly have money on your mind, and cause reduced sleep or sleep quality.
As you improve your financial health, you will hopefully find that you don’t think about money as often and aren’t worried about paying for future, planned or unexpected expenses.
As an established financial specialist with over 30 years of banking experience, leading strategy and operational efficiency across the industry, I’m here to help you mind your core business, your finances, your financial health.
Feel free to contact me at: [email protected]
