{"id":70676,"date":"2025-05-12T14:30:00","date_gmt":"2025-05-12T04:30:00","guid":{"rendered":"http:\/\/propertyupdate.com.au\/?p=70676"},"modified":"2025-03-25T14:31:53","modified_gmt":"2025-03-25T03:31:53","slug":"10-signs-youre-right-financial-path","status":"publish","type":"post","link":"https:\/\/propertyupdate.com.au\/10-signs-youre-right-financial-path\/","title":{"rendered":"10 signs you\u2019re on the right financial path"},"content":{"rendered":"<p>Being good with money is a skill you can learn.<\/p>\n<p>Some people complain they aren\u2019t very good with finances \u2014\u00a0they argue they don\u2019t have a head for numbers \u2014 but I believe <a href=\"https:\/\/metropole.com.au\/great-property-investors-born-made\/\">everyone can become wealthy<\/a> if they know how.<\/p>\n<p>Part of it comes down to smart investments, sure, but the other, equally important part, is the financial habits you adopt every day.<\/p>\n<p>Some of you may wonder from time to time whether you are heading in the right direction.<\/p>\n<p>Here are some of the signs you\u2019re on the right financial path:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-post-fullsize wp-image-140301 img-responsive\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/02\/sleep-optimism-800x417.jpg\" alt=\"Sleep Optimism\" width=\"800\" height=\"417\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/02\/sleep-optimism-800x417.jpg 800w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/02\/sleep-optimism-600x313.jpg 600w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/02\/sleep-optimism-300x156.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/02\/sleep-optimism.jpg 1096w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<h2><span class=\"toc_link\" id=\"yousleepwell\">You\u00a0sleep\u00a0well<\/span><\/h2>\n<p>Nothing seems to interrupt sleep more than financial stresses.<\/p>\n<p>It\u2019s one of the main areas of life that people stress over.<\/p>\n<p>So if you\u2019re sleeping like a baby, then chances are your finances are in good shape.<\/p>\n<h2><span class=\"toc_link\" id=\"you-spend-less-than-you-earn\">You spend less than you earn<\/span><\/h2>\n<p>Sounds simple, right?<\/p>\n<p>Well, you would be surprised by how many of us don\u2019t heed this basic principle.<\/p>\n<p>If you spend more than you earn you\u2019ll always owe someone money and you\u2019ll never get rich.<\/p>\n<h2><span class=\"toc_link\" id=\"you-dontstress-about-things-breaking\">You don't\u00a0stress about things breaking<\/span><\/h2>\n<p>Is the fridge on the blink?<\/p>\n<p>Do you need a new vacuum cleaner?<div class=\"adplugg-tag\" data-adplugg-zone=\"scoreapp_body_\"><\/div><\/p>\n<p>If appliances breaking down send you into a panic, then it suggests you need to start putting a bit more away for a rainy day.<\/p>\n<p>Things will go wrong and break down from time to time.<\/p>\n<p>The trick is to be prepared.<\/p>\n<h2><span class=\"toc_link\" id=\"youhaveclear-financial-goals\">You\u00a0have\u00a0clear financial goals<\/span><\/h2>\n<p>Strategic investors plot a clear path to financial independence.<\/p>\n<p>They don\u2019t just wake up one day and find that they\u2019re extremely well off.<\/p>\n<p>If you want to be financially free, you\u2019re going to need to set clear and well-defined financial goals, such as paying off the mortgage by the time you are 50, or having a certain size asset base of property investments by the time you\u2019re 60.<\/p>\n<h2><span class=\"toc_link\" id=\"youknow-your-interest-rate\">You\u00a0know your interest rate<\/span><\/h2>\n<p>Quite a few Australians would struggle to tell you the interest rate they\u2019re paying on their mortgage.<\/p>\n<p>They may have researched the rate when they were first taking out the loan, but years later they may have lost track of whether their lender has passed on rate cuts or even hiked them up.<\/p>\n<p>People who are on the right financial path pay attention to these rate movements and refinance if need be.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-post-fullsize wp-image-165957 img-responsive\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2022\/06\/credit-card-800x529.jpg\" alt=\"Credit Card\" width=\"800\" height=\"529\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2022\/06\/credit-card-800x529.jpg 800w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2022\/06\/credit-card-300x198.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2022\/06\/credit-card-1046x692.jpg 1046w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2022\/06\/credit-card-1536x1016.jpg 1536w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2022\/06\/credit-card-600x397.jpg 600w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2022\/06\/credit-card.jpg 2000w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<h2><span class=\"toc_link\" id=\"you-use-credit-cards-to-your-advantage\">You use credit cards to your advantage<\/span><\/h2>\n<p>Credit cards are wonderful \u2014\u00a0in the right hands.<\/p>\n<p>In fact, I think there is no better test of financial literacy than how someone handles a credit card.<\/p>\n<p>If it\u2019s paid off in full each month and used for maximum advantage\u00a0 (frequent flyer points and other perks) then you\u2019re kicking goals.<\/p>\n<h2><span class=\"toc_link\" id=\"you-have-amanageablemortgage\">You have a\u00a0manageable\u00a0mortgage<\/span><\/h2>\n<p>Everyone wants a nice house in a nice suburb, but far too many people borrow too much money and end up with a huge mortgage.<\/p>\n<p>This severely limits not only their power to invest in other properties, but hampers their quality of life, too.<\/p>\n<p>Your mortgage should be manageable, to the extent that interest rate increases will not place you under any financial stress.<\/p>\n<h2><span class=\"toc_link\" id=\"you-dont-fear-losing-your-job\">You don't fear losing your job<\/span><\/h2>\n<p>Redundancy, or the threat of it, is not fun for anyone.<\/p>\n<p>But it will affect some people more than others.<\/p>\n<p>If you\u2019re confident that you would be fine if you lost your job \u2014then this is a good sign.<\/p>\n<p>But if you are living from pay cheque to pay cheque, you could be in for a rude shock.<\/p>\n<h2><span class=\"toc_link\" id=\"youarent-afraid-of-retiring\">You\u00a0aren't afraid of retiring<\/span><\/h2>\n<p>There are lots of reports in the media about how many Australians will not have enough money to retire.<\/p>\n<p>We will be working until we are 90, or whatever the latest estimate is.<\/p>\n<p>But if you have set clear retirement goals and are happy with the way your super balance is tracking, then you are in good financial health!<\/p>\n<h2><span class=\"toc_link\" id=\"you-dont-ask-anyone-else-to-support-you\">You don't ask anyone else to support you<\/span><\/h2>\n<p>The true mark of financial freedom is not relying on someone else.<\/p>\n<p>If you\u2019re in your early 30s but still regularly drawing from the bank of mum and dad, then you\u2019re not truly independent!<\/p>\n<p>You see, the thing about being on the right financial path is that you can\u2019t choose to step off from it.<\/p>\n<p>It\u2019s a path you stick to, and that requires discipline and consistently making good choices.<\/p>\n<p>Then, and only then, will you really start to see the fruits of your labour.<\/p>\n<div class=\"adplugg-tag\" data-adplugg-zone=\"the_sentiment_campaign_mobile_\"><\/div>\r\n<div class=\"adplugg-tag\" data-adplugg-zone=\"the_sentiment_campaign_desktop_\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Being good with money is a skill you can learn. Some people complain they aren\u2019t very good with finances \u2014\u00a0they argue they don\u2019t have a head for numbers \u2014 but I believe everyone can become wealthy if they know how. Part of it comes down to smart investments, sure, but the other, equally important part,&#8230;<\/p>\n","protected":false},"author":94,"featured_media":95936,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[54,653],"tags":[1015],"class_list":["post-70676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-property-updates","category-personal-finance","tag-money-you"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>10 signs you\u2019re on the right financial path<\/title>\n<meta name=\"description\" content=\"Being good with money is a skill you can learn.Some people complain they aren\u2019t very good with finances \u2014\u00a0they argue they don\u2019t have a head for numbers \u2014 but I believe\u00a0everyone can become wealthy\u00a0if they know how\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertyupdate.com.au\/10-signs-youre-right-financial-path\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"10 signs you\u2019re on the right financial path\" \/>\n<meta property=\"og:description\" content=\"Being good with money is a skill you can learn.Some people complain they aren\u2019t very good with finances \u2014\u00a0they argue they don\u2019t have a head for numbers \u2014 but I believe\u00a0everyone can become wealthy\u00a0if they know how\" \/>\n<meta property=\"og:url\" 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