Financial Health Quiz...

1. What % of your income do you save each month?
a. 10%
b. less than 10%
c. none

2. How many times during the past 6 months have you paid a bill late?
a. 0
b. 1-5
c. 6+

3. How many credit/store cards do you have?
a. 0-3
b. 4-6
c. 7+

4. Without your main source of income, how long can you meet your financial obligations?
a. 3 months
b. 1-2 months
c. less than 1

5. How would you come up with cash quickly?
a. savings
b. credit
c. establish new credit/borrow from family

6. How often do you budget?
a. Always
b. Sometimes
c. Never

7. Most purchases are...
a. planned and saved for
b. needs based
c. spontaneous

8. When you think about finances you are...
a. completely at ease
b. moderately concerned
c. very concerned

a = 1
b = 2
c = 3

1-10 points = you are doing great
11-15 points = you are on track...need a little tweaking
16-21 points = you are in need of some help
21+ points = you need to call me ASAP!

The Value of Financial Planning

1. A financial planner helps you keep track of - and make efficient - your financial affairs.

2. A financial planner helps create an organized, diversified portfolio, AND limits the dysfunctional emotional decisions that everybody makes with their own investments.

3. A financial planner helps you get into the habit of saving (investing) a portion of their income.

4. A financial planner helps you identify what is important in your life, and helps prioritize your goals.

5. A financial planner helps you turn a seemingly impossible goal into a routine that can be achieved.

6. A financial planner helps you bring the focus of your life from retirement to the present.