Financial Quiz

The quiz that follows will "test" you to see if you are in control of your money and whether or not you are using wealth building money habits. i.e. habits that will strengthen your 3 wealth cornerstones. The results are for you to get a check-up of your finances so please be very honest. No one else will see your results. Getting past denial or "it's not that bad" is the first step to taking control of your financial life. So go ahead and take the quiz, the answers are yes or no.

1. Do you have written detailed financial goals?

2. Do you have a written detailed plan to achieve your financial goals and are actively taking action to achieve them? (Notice the words written and detailed)

3. Do you have a written and detailed plan on how you are going to achieve your retirement?

4. Do you know how much money you will need in order to retire?

5. Do you know where the money will come from for your retirement and how much you expect to receive from each source?

6. Do you feel you are totally in control of your money?

7. Are your relationships free of money issues?

8. Do you have at least 6 months worth of living expenses in a "safe" liquid account (i.e. an emergency fund)?

9. Excluding your mortgage are you debt free? (Debt would include - credit cards balances, car loans, personal loans, and home equity loans.)

10. Many people often wonder, "where does all the money go?" If I asked you where does all your money go would you be able to tell me exactly where it went, month by month?

11. Do you save at least 10% of your monthly income?

12. Do you know what your net worth is?

13. Do you know what your net worth is not including the value of your home?

14. Do you have in place a risk management plan to protect you from manageable risks such as lawsuits, health problems, emergencies …?

15. Do you have health insurance that covers you and all dependents?

16. Do you plan and save for major purchases (such as computers, TVs, a car …)?

17. When you buy “things” do you normally pay retail prices (i.e. not on sale or discounted)?

18. Do you use your credit card(s)

19. In the last year has one of your bank accounts been overdrawn more than once?

20. Do you always pay off your credit cards in full before the payments are due?

In you answered no to more than two or three quiz questions it is likely that are not in control of your money and consequently you may lack wealth building money habits. A lot of people struggle with money issues and consequently have money problems, so if you are one of them you are not alone. If you don't have money problems, that doesn't mean that you have wealth building money habits.

Some people are just plain stuck and they don't know where to turn for help. The good news is that money skills are learned "behaviors" and you can change them if you decide to. To begin to take control of your financial life enroll in the MoneyShift program today. If you would like to know the answers to the quiz and the reason why they are the correct answers please click here.