IN THIS CHAPTER
Tallying your assets, liabilities, and net worth
Requesting (and fixing) your credit reports
Making sense of your credit score
Understanding bad debt, good debt, and too much debt
Calculating your rate of savings
Assessing your investment and insurance know-how
How financially healthy are you? When was the last time you reviewed your overall financial situation, including analyzing your spending, savings, future goals, and insurance? If you’re like most people, either you’ve never done this exercise or you did so too long ago.
This chapter guides you through a financial physical to help you detect problems with your current financial health. But don’t dwell on your “problems.” View them for what they are — opportunities to improve your financial situation. In fact, the more areas you can identify that stand to benefit from ...