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 need to understand 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 might utilize 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 can tell you once youve done this checkup, you will have a clear photo 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 funds and understand how to spend your money intelligently .

Lets get started to determine your financial fitness.