Once you clarify your values, financial vitals are used similarly to health vitals to quickly check if you are making progress toward your goals and what’s most important to live a better life.
In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks about how to measure specific financial vitals based on your values.
- Save, Spend, Give Ratio: Percentage-wise, where is your money going?
- True Spending: Budget is always underestimated; total spending is more realistic
- Strategy: DIY vs. work with financial planners, others to calculate numbers
- Key to Success: Quick financial vitals checks measured against your values