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Rishit Jain
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Rishit JainBeginner
Asked: March 9, 20242024-03-09T14:57:29+05:30 2024-03-09T14:57:29+05:30In: Finance

What is financial success?

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What is financial success?
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  1. Sikta Roy
    Sikta Roy Knowledge Contributor
    2024-03-09T20:28:40+05:30Added an answer on March 9, 2024 at 8:28 pm

    Financial success can be defined as the achievement of one’s monetary goals and objectives, which may vary from person to person. It encompasses factors such as accumulating wealth, achieving financial stability, managing debt effectively, and attaining financial independence. Financial success often involves prudent budgeting, disciplined saving and investing, and making informed financial decisions that align with one’s long-term financial goals. It’s not solely about the amount of money one accumulates but also about how effectively one manages and utilizes their financial resources to meet their needs, achieve their aspirations, and secure their future financial well-being. Additionally, financial success can be subjective and may include elements of personal fulfillment, happiness, and peace of mind derived from financial security and freedom.

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