How do you assess someone's financial stability?

[freelancermaria]

Someone who is financially stable, in my opinion, does not worry about paying his or her bills, has an emergency fund, savings, is able to leave a toxic work at any moment, can pay hospital costs without going bankrupt, and has investments. What do you think?

 

[Fidelia]

A person who is financially stable doesn't have challenges with paying bills. The person can afford to maintain an above average lifestyle without having to be concerned about it. And the person can replenish his finances.

 

[magnus2022]

It is not easy to know who is financially stable except if he tells you. Some people lives lascivious lifestyle without having any money for tomorrow. Some rich people are stingy that they find it difficult to pay their bills.

 

[eLdavis]

It is not easy to know who is financially stable except if he tells you. Some people lives lascivious lifestyle without having any money for tomorrow. Some rich people are stingy that they find it difficult to pay their bills.

Very true, I have seen some persons who even go as far as borrowing just so they can live the kind of life they want. When people see them out there, they assume they are doing okay.

 

[King Belieal]

Any person that has overcome the basic needs of food, shelter, clothing, internet and a comfortable lifestyle is financially stable.

 

[Stardom22]

When the person can buy whatever they like, and having higher amounts of money in their bank accounts then they are financial freedom.

 

[Suba]

@freelancermaria it is a state where someone has achieved a level of prosperity and is heading towards financial freedom, while financial stability in my opinion is a financial condition that is controlled and not easily shaken, so that he can face all financial risks/challenges. Stable means a balance between expenses and income.

 

[Augusta]

One that's able to pay bills consistently without having to borrow is really stable financially

 

[Springtime]

I consider someone financially stable if s(he) has no worry paying bills, other necessities and can afford to travel, or entertainment once in a while.