13 Signs You're Doing Well Financially

TLDRUnderstanding what it means to be financially successful can be complicated, but there are certain signs to look out for. This video discusses 13 signs that indicate you're doing well financially, including automating your finances, consuming financial content, being comfortable talking about money, knowing your financial situation, having a long-term financial plan, controlling your spending triggers, paying your bills on time, having an emergency fund, investing in yourself, maintaining a good credit score, increasing your net worth, learning from your financial mistakes, tracking your finances, and diversifying your income.

Key insights

💰Automating your finances is a sign of financial success.

📚Consuming financial content indicates a higher financial literacy level.

💬Being comfortable talking about money is a positive sign.

💡Having a long-term financial plan is crucial for financial well-being.

🚫Controlling spending triggers demonstrates financial discipline.

Q&A

What does it mean to automate your finances?

Automating your finances involves setting up automatic payments and transfers, making it easier to manage your money.

Why is consuming financial content important?

Consuming financial content helps improve financial literacy and awareness, leading to better financial decision-making.

How does being comfortable talking about money help?

Being comfortable talking about money allows for better understanding and collaboration in financial matters.

Why is having a long-term financial plan necessary?

Having a long-term financial plan helps set goals and make progress towards a secure financial future.

What are spending triggers?

Spending triggers are factors or situations that lead to impulsive or unnecessary spending.

Timestamped Summary

02:58Automating your finances helps avoid late fees and ensures timely payments.

06:10Consuming financial content, like watching this video, shows a willingness to learn and improve financial knowledge.

02:51Being comfortable talking about money fosters open conversations and shared financial understanding.

03:48Having a long-term financial plan provides direction and helps prioritize financial goals.

06:11Controlling spending triggers, such as applying the 72-hour rule, promotes mindful and intentional spending.