Take the Literacy Test
If you need assistance answering any of the questions below, you will benefit from wealth coaching. Sign-up for your free 30 minute consultation today.
Do you know the amount of debt(s) your owe and the associated interest rates?
What is your net worth and how much liquidity do you have?
What is your monthly burn rate or the amount you commit to different expenses ?
What is your current credit score and how much available credit do you have?
Do you have a clear understanding of your investment portfolio and how it aligns with your financial goals?
Are you knowledgable about your insurance plans and have details about coverage (beneficiaries, premiums, term vs. whole)
Can you manage your day-to-day financial transactions, such as paying bills and setting up automated payments?
Do you know how much money you need to retire comfortably?
Have you saved enough money to pay for your children’s college tuition?
Do you actively communicate with your financial advisor or accountant, rather than leaving all decisions to them?
Are you confident in your ability to handle financial emergencies or unexpected expenses without relying solely on someone else?
Have you ever made financial decisions solely because someone else recommended them, without understanding the reasons behind them?