“If you make a good income each year and spend it all, you are not getting wealthier. You are just living high.”

Financial well-being is a state of being wherein a person can fully meet current and ongoing financial obligations, can feel secure in their financial future, and is able to make choices that allow them to enjoy life.

Focusing on financial well-being lets you assert your own path to financial security. Of course, you may achieve wealth through the process, but the spotlight remains on you, your financial needs, and the unique actions you take.

What does financial security mean to you? Does it include aspects of the CFPB definition? Take a moment and write down a working definition for yourself. What would your life look like or feel like if you were financially well-off? How will you know when you reach your definition of financial security?

Let's go through our team webinar on "Financial Wellness for Beginners" in association with Jaagoinvestor. Tell us your views in the comments.

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