This post started out as sort of a reminder to myself on the attributes a financially sound person (and family) should have, and went on to become a detailed checklist of what I think a married couple and investor should take note of in order to be classified as “financially sound”. Please note, however, that I am not licensed or registered to give financial advice – this is merely a list of what I feel a person should either practise or possess in order to hasten his journey to financial freedom and to avoid being shackled by debt and high expenses. If there are any points which any reader would like to comment on, add on or disagree upon, please feel free to do so (but keep it constructive, please!).
1) Knowing how to budget – I think that first and foremost, it is very important for any individual ......