The best wealth test

I had fun taking this wealth test by the late Larry Waschka (author of The Complete Idiot’s Guide to Getting Rich). I’m sure it’s not a “scientific” test but it could give you a picture of where you are right now and what adjustments you need to take.

It could tell you if you have what it takes to be a millionaire and if you already are, to be a gazillionaire

Here ya go. Tweaked it a bit to give a hint of Filipino flavor.

Do you enjoy your work?
Do you often visualize yourself achieving something bigger than what you are currently doing?
Do you save money every month?
Do you make an effort to understand an investment before putting in money?
Do you shop before you buy, especially for big-ticket items?
Do you take care of your home or apartment and perform regular maintenance?
Do you perform regular maintenance on your car and other expensive items?
Do you pay off the full balance on your credit cards each month?
Are you comfortable buying used big-ticket items such as cars and appliances?
Have you ever started your own business? (Even selling peanuts counts.)
Have you ever estimated how much money you would need in a portfolio to produce enough income to cover your current living expenses?
Do you measure the performance results of your portfolio at least each quarter?
Is your mortgage payment (or rent) less than 20 percent of your total gross household income?
Do you spend less than you make?
Have you ever read a book about building wealth or an autobiography about someone who was wealthy?
Do you have your own business now that produces a positive net income?
Have you ever worked all night or more than 24 hours on a project?

For each question that you answered “yes”, give yourself a point. Add them up then compare to the scale below.

Score
1-5 Low probability of getting rich
6-10 Average
11-15 Very likely
You are on your way!

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