Quiz

Answer Yes or No to each question

The more “Yes” answers you have means you’re in a good place and you should be on a path to building wealth. Congrats!

More “No” answers means you could become financially independent faster if you improve your knowledge about personal finance.

1 / 14

You can name the top 3 money principles that you live by

2 / 14

You know what deposit insurance is and why it matters

3 / 14

You know your top 3 expenses (not rent or mortgage) and their annual cost

4 / 14

You know how much of your total annual expenses you spend on Wants

5 / 14

You know the key metric to measure wealth and how much it has changed from 3 years ago

6 / 14

You know the difference between term and whole life insurance

7 / 14

You know the return you receive when you pay an insurance premium

8 / 14

You know what a loan’s APR means

9 / 14

You know the interest rate on your most expensive loan (not your largest loan)

10 / 14

You know the difference between a credit card’s statement balance, current balance, and minimum balance

11 / 14

You know the benefits of investing as early as possible

12 / 14

You know the difference between a pension plan and an annuity

13 / 14

You know two big unknowns when planning for retirement

14 / 14

You know which is better and why:
•⁠ ⁠Receiving $10,000 per day for thirty days or
•⁠ ⁠Receiving one cent that doubles in value every day for thirty days

Your score is

0%