When it comes to health, you go for a medical checkup to see if youre physically fit. The medical report will tell everything about your health.

But when it comes to wealth, its as important that you do a regular checkup for your financial health. You absolutely need to know where you are financially before you decide what you want to achieve financially.

What do you do to ascertain your level of financial fitness?

You can make use of financial statements to determine your financial fitness. They are income statements and balance sheets.

It sounded boring and alien to me when I first prepared my income statement and balance sheet. The process is tedious as you need to dig out things and get them organized in a proper format.

But I might tell you once youve done this checkup, you will have a clear picture where you stand financially and you might take the necessary measures to achieve financial freedom.

Besides that you will be more in control of your money and understand how to spend your funds intelligently .

Lets get started to determine your financial fitness.