8 No Bullshit Signs You are Financially Stable

financially stable

Most of our lives we spend chasing financial stability. But sometimes, it turns out we are already financially stable. So, what makes us stable? Following are 8 signs to help you figure things out.

  1. You use credit cards for convenience, not out of necessity

Many people with bad credit usually use credit cards, too. However, they use them as a way to extend their paychecks to buy things that they cannot afford. In contrast to this, financially stable people use credit cards mainly in order to make fast online purchases. Also, they might use a credit card just because the issuer offers rewards every time they buy something.

  1. You don’t give a f*ck if you lose your job

This is one of the strongest indicators that you are financially stable. Most of the people in the world depend on their salary. I mean, literally, they will get into a financial disaster if they lose their jobs. But, if you have an excellent emergency fund and you have pretty much money on your savings account. And you got a side business then you might not care at all if you lose your current job. That’s it!

  1. You are never late with your bills

Not only you are never late with your bills, but you sometimes even pay them ahead of time. This is not only an indicator of your wealth but also of your financial stability and respect of discipline. Additionally, you just hate the feeling of owing anything to anybody.

  1. People treat you as their financial advisor

One of the biggest signs you are a financial guru is when people come to you for financial advice. They often do this because they view you as someone who knows how to spend/save money.

  1. You constantly invest in your retirement

Many people do not contribute anything to their retirement. Others just add a little percentage of what they earn. But that’s not the case with financially stable people because they most often contribute a two-digit percentage to their retirement. The reason is that these people understand the importance of investing in retirement.

  1. You can afford to buy whatever you really want

This, however, does not involve impulse shopping. Instead, you just know what you want and you go out and buy it. Your finances are stable enough to enable you to do this.

  1. You do not have insomnia because of money

When you go to sleep at night, you sleep well because no financial matters bother you. People who are financially stable are happy due to their strong financial position. This does not mean that these people do not have any money worries at all. However, those worries are so minor that they cannot cause insomnia.

  1. You live beneath your means

You understand that becoming financially stable is not that easy. That’s why you prefer to earn more and spend less. That’s the main formula toward getting rich or at least being financially stable. Also, it is always a good idea to save money, make investments, and pay off the debt. If you develop the right mindset, you will be able to do all these things.

This was quite a short list of signs indicating financial stability. If at least some of them are present for you, then you are on the right path. It will take some effort, but believe me; your efforts will pay off eventually.


Also published on Medium.

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