THE FINANCIAL LIBERATION ASSESSMENT

Quiz Questions

• 1.
  Do you have or follow a cash flow plan that moves you towards your specific financial goals?

  • A.
    Yes
  • B.
    No
• 2.
  Do you review your income and expenses at least monthly and adjust as needed?

  • A.
    Yes
  • B.
    No
• 3.
  How much of your current income is directly related to your time and effort (requires your personal involvement) vs something leveraged (generated without your involvement)? 

  • A.
    0% to 20% (highly leveraged)
  • B.
    21% to 35%
  • C.
    36% to 55%
  • D.
    56% to 75%
  • E.
    Greater than 75% (not leveraged)
• 4.
  How much do you have in an emergency fund?

  • A.
    Greater than 12 months expenses
  • B.
    6 to 12 months of expenses
  • C.
    3 to 6 months of expenses
  • D.
    1 to 2 months of expenses
  • E.
    Nothing
• 5.
  How would you describe your knowledge of investments?

  • A.
    None
  • B.
    Limited
  • C.
    Good
  • D.
    Extensive
• 6.
  When do you plan to begin withdrawing money from your investments?

  • A.
    Less than 3 years
  • B.
    3–5 years
  • C.
    6–10 years
  • D.
    More than 10 years
• 7.
  How long would your funds last, once you start withdrawing?

  • A.
    Less than 2 years
  • B.
    2–5 years
  • C.
    6–10 years
  • D.
    Greater than 10 years
• 8.
  Do you have a clear understanding of all your monthly income and expenses? 

  • A.
    Yes
  • B.
    No
• 9.
  When or if you invest your money, you're

  • A.
    Most concerned about your investment losing value
  • B.
    Equally concerned about your investment losing or gaining value
  • C.
    Most concerned about your investment gaining value
• 10.
  How much debt do you have?

  • A.
    Debt-free
  • B.
    Only my mortgage
  • C.
    Mortgage plus other debts like car and credit cards
  • D.
    So much I'm afraid to admit it
• 11.
  When it comes to your net worth (what you own minus what you owe) which of the following is true?

  • A.
    My debt is more than my assets
  • B.
    My debt and my assets are about the same
  • C.
    My assets are more than my debt
  • D.
    I'm debt-free
• 12.
  If an investment you own lost 25% of its value. What would you do?

  • A.
    Sell all of my shares
  • B.
    Sell some of my shares
  • C.
    Do nothing
  • D.
    Buy more shares
• 13.
  What is your current income level?

  • A.
    It covers all my needs, wants, lifestyle AND I'm putting at least 15% away for the future
  • B.
    It covers all my needs, wants, lifestyle BUT I'm not putting at least 15% away for the future
  • C.
    It covers all my needs and wants but I struggle to cover my other lifestyle expenses
  • D.
    I'm pretty much living from check to check
• 14.
  Below are 5 scenarios that show your likely best-case (what you could make if it did well), and likely worst-case (what you could lose if it didn't do well). Which one would you be most comfortable with? 

  • A.
    Scenario 1: 16.3% (best), -5.6% (worst)
  • B.
    Scenario 2: 25.0% (best), -12.1% (worst)
  • C.
    Scenario 3: 33.6% (best), -18.2% (worst)
  • D.
    Scenario 4: 42.8% (best), -24.0% (worst)
  • E.
    Scenario 5: 50.0% (best), -28.2% (worst)
• 15.
  Do you know how much money (assets) you need to be able to live off the income generated from your assets without needing to work?

  • A.
    Yes
  • B.
    No

Quiz Outcomes

• 1.
  CONGRATS!!!

  Image Source

  THANKS for taking the FINANCIAL LIBERATION ASSESSMENT! You can access your detailed results and next steps by clicking the button below.
• 2.
  YOU'RE ROCKING!

  Image Source

  THANKS for taking the FINANCIAL LIBERATION ASSESSMENT! You can access your detailed results and next steps by clicking the button below.
• 3.
  AWESOME WORK!

  Image Source

  THANKS for taking the FINANCIAL LIBERATION ASSESSMENT! You can access your detailed results and next steps by clicking the button below.
• 4.
  BOOM! YOU'RE A ROCKSTAR

  Image Source

  THANKS for taking the FINANCIAL LIBERATION ASSESSMENT! You can access your detailed results and next steps by clicking the button below.
• 5.
  NOW THAT'S WHAT I'M TALKING ABOUT.

  Image Source

  THANKS for taking the FINANCIAL LIBERATION ASSESSMENT! You can access your detailed results and next steps by clicking the button below.