Financial readiness is the ability to navigate life's needs, wants, and uncertainties by critically evaluating one's income, budget, spending, avenues to maximise and save the said income, plan for emergencies, and for future retirement.
Financial readiness enables one to ensure there are no speed bumps in one's life goals. Assessing financial readiness stands as a critical pillar of personal finance, enabling individuals to embark on a journey towards risk-free financial health throughout their lifetime.
India's wealthy opt for term insurance policies worth Rs 5-20 crore: Report
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