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What are the signs a person has reached financial stability.
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[QUOTE="Etini, post: 289496, member: 90141"] In wealth creation, financial stability is a state of the sufficiency of financial resources for a person to live a life devoid of financial worries. It is a situation where you can meet your basic needs comfortably. So what are the indicators of financial stability? 1) You can meet up with financial needs under emergency: When you are financially stable, emergencies don't scare you. You can easily meet up with emergencies. 2) You are debt free: when you are financially stable, you are not owing people. Your liabilities are minimal and something you can easily meet. At that point, you are generally debt-free. 3) You can comfortably pay your bills: Payment of bills won't be a burden to you. Before the need arises, the supply would have been fixed. This is a state of financial stability. With these three things achieved, you are sure that you are at a level of financial stability. [/QUOTE]
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What are the signs a person has reached financial stability.
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