Got this test from Money Smarts » The best wealth test, and according to it, I’m well on my way to becoming a bajillionaire! See how you score and tell me about it:
Do you enjoy your work? YES
Do you often visualize yourself achieving something bigger than what you are currently doing? YES
Do you save money every month? WELL, NOT YET. SO, NO
Do you make an effort to understand an investment before putting in money? YES
Do you shop before you buy, especially for big-ticket items? YES
Do you take care of your home or apartment and perform regular maintenance? YES
Do you perform regular maintenance on your car and other expensive items? YES
Do you pay off the full balance on your credit cards each month? NO
Are you comfortable buying used big-ticket items such as cars and appliances? YES
Have you ever started your own business? (Even selling peanuts counts.) YES
Have you ever estimated how much money you would need in a portfolio to produce enough income to cover your current living expenses? YES (About P5M)
Do you measure the performance results of your portfolio at least each quarter? N/A
Is your mortgage payment (or rent) less than 20 percent of your total gross household income? YES
Do you spend less than you make? APPARENTLY, NO
Have you ever read a book about building wealth or an autobiography about someone who was wealthy? YES
Do you have your own business now that produces a positive net income? NO
Have you ever worked all night or more than 24 hours on a project? YES
For each question that you answered “yes”, give yourself a point. Add them up then compare to the scale below.
1-5 Low probability of getting rich
11-15 Very likely – I scored 12 points!
You are on your way!
I guess I have to work on the items I answered “NO” to. 😛