Financial Baseline Quiz

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Do you do your own investing? Are you curious about how to grow wealth and feel confident with your knowledge of the market?

For the past few years, I have been working on growing my knowledge on self-directed investing with books, podcasts and conversations.

In fact, I am currently engaged to a financial publisher, who constantly studies market conditions and makes stock recommendations to subscribers on a bi-weekly basis. He and I met based on our common interest in this subject.

A significant portion of my blog is dedicated to my personal finance journey, and sharing with others tips and tools to make better financial decisions.

Cheers to financial freedom.

Xx,

The Independent Blonde

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What are the two most critical aspects of building wealth?

2 points

Investing in purchasing a house

Rate of returns on my investments

Opening an investment account with my bank

Saving as much as I can per month

What career paths are the most lucrative?

2 points

Stable jobs that are in demand

Sales and marketing jobs where commissions are unlimited

Professional careers (doctors, engineers, lawyers, accountants)

Entrepreneurship (private equity owner)

How does comparative advantage impact earnings?

2 points

Comparative Advantage is about recognizing where you can deploy skills most efficiently in the market, for the highest returns on how you sell your time

Leveraging your greatest strengths places you at a better vantage point in the market. Whether this includes being attractive, good at reading, or crunching numbers.

It doesn't matter what is unique about me, I should pursue the path my parents and teachers recommended

What approach fosters improvement in personal finance?

1 point

I don't understand finance and it is best left in the hands of my bank. I have no idea if they are charging me fees on the funds I own.

I am curious about maximizing my income and growing wealth, and open to reading and talking about this with friends and family.

How important is partner selection to personal finance?

1 point

There is no effect on my lifestyle, quality of life, or opportunities.

Critical. Your teammate in navigating life makes a significant difference to your success.

What is the correlation between reading and wealth?

1 point

85% of self-made millionaires read at least two books per month.

Successful people are too busy with their career and don't have time to read.

What steps can I take today to better manage my finances?

4 points

Write down my current revenues and expenses

Start reading a new book on personal finance and investing

Subscribe to a podcast or newsletter on finance

Set a goal for savings per month

Submit

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