The four components of financial health are: Income Management: This involves effectively managing your income sources to cover expenses and save for the future. It's about creating a budget that ensures your income is allocated wisely. Net Worth: This is the difference between your assets and liabilities. A positive net worth indicates that you own more than you owe. Building assets and reducing debts is crucial for financial health. Protection: This involves safeguarding yourself and your assets against unforeseen events. This includes having insurance policies and an emergency fund to cover unexpected expenses. Financial Goals: Setting short-term and long-term financial goals and creating a plan to achieve them. This includes saving for retirement, buying a home, or funding education. Together, these components form the foundation of financial health, helping individuals build a secure and stable financial future.