Financial Assessment Quiz


Where are you now?

The first important step to transforming your debt into wealth
is assessing your current financial situation. Take the following
quiz and find out what type of "financial water" you're in right now.

CREDIT CARDS  
Do you carry credit card balances from month to month?
Do you have more than two credit cards with balances on them?
Have you ever paid one credit card with a "cash advance" from another card?
If an offer for you comes in the mail for a "pre-approved" card with a low interest rate, do you usually take it?
Are you so close to the limit on your credit cards that you need to check the balances before you use them?
Are you unable to make anything more than the minimum payments on your credit cards?

HOUSE/CAR  
Do you make car payments?
When your car is paid off, do you plan to trade it in for another new car?
Do you have more than five years left on your mortgage?
Have you ever taken a home-equity loan in order to pay off debt?

OTHER DEBTS  
Do you have any student loans or personal loans?
Have you been living paycheck to paycheck with no real chance to save or invest?
Have your utilities or telephone ever been turned off due to lack of payment?
Have you ever accepted a store credit card because they offered a 10% discount on your first purchase?

THE EMOTIONAL TOLL  
Are your finances causing problems in your relationships?
Have you considered taking a second job to pay off your debt?
Do you lie awake at night worrying about money?
When you pay your bills, do you ever get stomachache or tension headache?
Do your creditors call you at home or work demanding payment?
Have you ever declared, or considered declaring bankruptcy?
Name:
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How much money, approximately, have you put aside at this time to begin building your financial independence?

Explain your current financial situation

What is your ideal future? Where would you like to see yourself in 10 years?

Complete this sentence:
"If I had all the time in the world, and all the money I needed, I would.".