Once in a while we should know if we are on a right track of our financial health. Financial health doesn't mean how much you are saving or how much you are investing but as a whole if you are financially healthy or not. So let's go through some of the topics to know if you are following this or not. 


![17518159539364520610588352865618.jpg](https://files.peakd.com/file/peakd-hive/codingdefined/23wquKkMQJiJh1CC137NTtWCTNM9m1jdj2XcEpjGCsaxutHvkyv5iG6goMAzin7BYzemX.jpg)
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### SIPs are Good

Systematic Investment Plan for stocks, cryptos or any other equities are always good for the long term investment. It will help you to get more units when the market is down and in long term you will get very good returns.

### Avoid Debt except few

It's good to avoid the debt altogether. But sometimes debt are good like the home loan to create the asset, student loan etc. But if you are thinking of taking debt for personal, wedding, vacation then it's better to be avoided.

### Take Term & Health Insurance

It's a no brainer, you should take health and term insurance as early as possible. For term insurance you will get less premium. In health insurance also when you don't have any problem with your body, you will get less premium.

### Avoid unregulated entities

It's better to avoid investing in unregulated entities because losing money on that is possible. Where as if you are investing in regulated entities, there is government who can help you in getting uour money back.

### Do not spent to impress others

You should spend money for yourself and should not invest money to impress others. People usually buy new clothes every now and then, buy new car in few years so that they can impress others. It should be avoided and you can invest that for your future.

### Avoid Trading and speculation

To be honest, if you want long term wealth then it's better to avoid trading or speculation like options and futures. 

### Diversify with Gold ETF and Govt Schemes

It's always better to diversify the investment using the Gold ETF and Govt Schemes. In this way you will not be putting all your eggs in one basket. 

### Plan and Save for Retirement

And thus it's not always late to start or plan for the retirement. And it's not early too, you can start planning for retirement at any time, it is just thar you have to start. The early the better.

So these are some of the refresher of the personal finance which we all should check if we are adhere to it or not.

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