Is Your Financial House in Order? Ask Yourself These 20 Questions

Is Your Financial House in Order? Ask Yourself These 20 Questions

Getting your finances in order is one of the smartest things you can do for yourself and your family. But managing money can feel overwhelming, and there are many important things to think about. The good news is that you don’t have to do it alone. A strong financial team can help you make the right choices and protect your future.

If you’re serious about improving your finances, ask yourself these 20 questions. If you answer “no” or “I don’t know” to any of them, it’s time to take action!

Building Your Financial Team

A great financial team includes professionals who specialize in different areas of your financial life. They work together to make sure you’re protected, growing wealth, and making smart money moves. Buying a home is a great time to put your team in place, but really, anyone at any stage of life can benefit.

1. Do I have an advisor for all aspects of my financial plan?
2. Do I have enough time to manage all areas of my personal finances?

If you’re handling everything alone, you could be missing out on important opportunities or making mistakes without realizing it. A Core 7 financial team includes experts who work together to support your goals.

Protecting Your Future

Life is full of surprises, and it’s important to be prepared.

3. If I were to die or become disabled, could my family maintain their lifestyle?
4. If I were sued, are my assets safe?
5. Do I have a plan in place to save on taxes?

No one likes to think about worst-case scenarios, but having a plan in place can give you peace of mind and keep your loved ones protected.

Managing Your Mortgage and Real Estate

Your home is one of your biggest investments, so it’s important to make sure it’s working for you.

6. Do I have someone managing my mortgage to make sure I always have the best rate?
7. Do I know the value of my real estate?
8. Do I have a clear plan for investing in real estate?
9. Do I know the exact return I want on my investment properties?
10. If interest rates drop, do I have someone who will notify me before it’s too late?

A mortgage expert and real estate professional can help you answer these questions and ensure you’re making the most of your investments.

Planning for Your Family

What happens if something unexpected happens? Have you thought about the future of your children and your assets?

11. If I die while my kids are young, do I know who would take care of them?
12. If I die, will my assets go to the right people?
13. If I am unable to make decisions, do I know who would handle things for me?

An estate planning attorney can help you make sure everything is set up properly, so your loved ones are taken care of.

Preparing for Retirement

Thinking ahead is key to a comfortable future.

14. Can I retire comfortably?
15. Am I aware of the costs of nursing homes and long-term care?

Retirement planning isn’t just about saving money—it’s about making sure you have enough to live the life you want.

Protecting and Growing Your Business

If you own a business, you need to think about what would happen if you couldn’t run it.

16. If a key person in my business dies or becomes disabled, what happens to my company?
17. Can I sell my business right now?
18. If I retire, can my child take over my business?

A financial advisor and business expert can help you create a plan to protect your business and ensure a smooth transition when the time comes.

Making Sure Your Money Supports Your Life

At the end of the day, your financial plan should match your life goals.

19. Are my financial goals in line with my life and family goals?
20. Do I have peace of mind when it comes to my finances?

If you answered “no” or “I don’t know” to any of these questions, it’s time to take action. The right financial team can help you feel confident and secure.

What’s Next?

Getting your financial house in order doesn’t happen overnight, but small steps can lead to big results. Start by talking to professionals who can guide you in the right direction. With a strong team and a clear plan, you can build a secure future for yourself and your loved ones.

Take control today—your future self will thank you!