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What are the risks of poor financial health?

Curious about financial health

What are the risks of poor financial health?

Poor financial health can have a number of risks, including:

1. Debt and financial stress: Poor financial health can lead to high levels of debt and financial stress, which can impact your mental and physical health.

2. Limited opportunities: Limited financial resources can restrict your ability to take advantage of opportunities that require money, such as education, travel, or starting a business.

3. Limited retirement savings: Poor financial health can lead to inadequate retirement savings, which can have longterm consequences for your financial security in retirement.

4. Limited access to credit: Poor financial health can limit your access to credit, making it difficult to borrow money for large purchases or emergencies.

5. Poor credit score: Poor financial health can lead to a poor credit score, which can impact your ability to obtain credit, rent an apartment, or even secure employment.

6. Limited financial freedom: Poor financial health can limit your financial freedom and force you to make decisions based on financial constraints rather than personal preference or values.

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