Money, money, money... Most people feel they don’t have enough of it. They may feel it is a measurement of success. They may feel insecure or a sense of failure by the lack of it.
By completing the Personal Financial Life Assessment you get an idea of how much money you truly need to be financially independent and how close or far you are from achieving it.
Directions: Rate each statement on a scale of 1 to 5 with 1 being virtually not at all, and 5 being absolutely true. Place your number on the line provided. Total your score at the end of each section. Remember the goal of the assessment is to give you a starting point for your journey to success. Don't be disappointed if you fall short of perfect scores at this point in time. Your scores will increase as you make progress on your journey to Total Success. Interpretation of the scores will be discussed at the end of the section.Personal Financial Life Assessment
|Rate the following statements from 1 [Virtually not at all] to 5 [Absolutely true]:|
|1.||I currently save at least 10% of my income.|
|2.||I have an idea of how much I need to be financially independent.|
|3.||I have a written plan to achieve financial independence.|
|4.||I have three months of easily accessible savings for an emergency or illness.|
|5.||I live well but within my means.|
|6.||I have a weekly budget that allows me to do the things I enjoy.|
|7.||I have a written one-year financial plan in place.|
|8.||I know how much I am worth at this time.|
|9.||I pay my utility and rent/mortgage bills on time.|
|10.||I pay my credit card balances within thirty days of receipt.|
|11.||I consult with financial planners on a regular basis (accountants, investment advisors, estate planners).|
|12.||I have the proper vehicles in place for transferring wealth to my loved ones and survivors (wills, trusts, and estate plans).|
|13.||I have established the vehicles for long-term savings (house, college).|
|14.||I have a retirement plan in place (IRA, 401K, pension).|
|15.||I have adequate health, disability, long term care, life, home and property insurance.|
|16.||My source of income is stable.|
|17.||I have a financially rewarding business/ career commensurate with my skill, talents and education.|
|18.||I have the opportunity to advance in my business/career.|
|19.||My financial vision is in sync with those around me.|
|20.||I control my money rather than my money controlling me.|
Your session is about to expire. Do you want to continue logged in?
WARNING! You did not finish creating your certificate. Please click CONTINUE below to return to your previous page to complete the process. Failure to complete ALL the steps will result in a loss of this test score, and you will not receive credit for this course.