How do you define financial success and failures?

Financial success and failure can be defined in a variety of ways. Generally, financial success is characterized by increases in income, assets, and savings, as well as decreases in debt and expenses. Failure, on the other hand, is often characterized by a decrease in income, assets, and savings, as well as increases in debt and expenses. Ultimately, financial success or failure is up to the individual to decide, as different people have different goals and priorities when it comes to managing their finances.

I think defining failures or successes based on results is not very useful when you're just starting out and it can be demotivating once you reach roadblocks or fail to live up to your expectations. It's much more useful to develop goals and success metrics on completion and actions you've taken. So for me, "financial success" would be something like "finished compiling my budgeting plan for the next year and already logged expenses and the like for the past 3 months" rather than "hit xyz MRR within the next 3 months".

Financial success is when you can afford to buy anything you want without checking the price tag. Financial failure is when you can’t even afford to check the price tag.😂