Exonomics 

Quiz Questions

• 1.
  Which statement best describes your budget?

  • A.
    I haven’t started budgeting, but I want to.
  • B.
    I struggle to stick to a budget.
  • C.
    I live off my budget.
  • D.
    My budget is tight, and I track every penny
• 2.
  How do you manage your debt?

  • A.
    I haven’t started managing my debt yet.
  • B.
    I’ve started paying it down, but it’s slow progress.
  • C.
    I’m actively working on paying off my debt and making noticeable progress.
  • D.
    I’m debt-free and focused on building wealth.
• 3.
  How do you use credit cards?

  • A.
    I use them for essentials but struggle with payments
  • B.
    I use them for convenience and carry a monthly balance
  • C.
    I don’t have credit cards.
  • D.
    I use them strategically and pay them off monthly.
• 4.
  How do you monitor your credit score?

  • A.
    I haven’t checked it in a long time.
  • B.
    I’ve checked it, and I’m working to improve it.
  • C.
    My score is good, but I want to raise it higher.
  • D.
    I have excellent credit and monitor it regularly.
• 5.
  What’s your approach to saving money?

  • A.
    I don’t have any savings yet.
  • B.
    I save a little when I can.
  • C.
    I save regularly and have an emergency fund.
  • D.
    I have multiple savings accounts and consistently reach my savings goals.
• 6.
  How do you invest your money?

  • A.
    I haven’t started investing yet.
  • B.
    I’ve started, but I’m not sure if I’m doing it right.
  • C.
    I invest regularly and have a diversified portfolio.
  • D.
    I’m confident in my investments and actively seek new opportunities.
• 7.
  What’s your approach to planning your retirement?

  • A.
    I haven’t started thinking about retirement yet.
  • B.
    I’ve started saving, but I’m not sure if it’s enough.
  • C.
    I contribute regularly to my retirement accounts and have a plan.
  • D.
    My retirement plan is on track, and I’m confident in my future.
• 8.
  What’s your approach to life insurance?

  • A.
    I don’t have life insurance yet.
  • B.
    I have basic life insurance coverage.
  • C.
    I have adequate life insurance and review it regularly.
  • D.
    I have a comprehensive life insurance plan that aligns with my long-term goals.

Quiz Outcomes

• 1.
  Financial Newbie

  A Financial Newbie is someone who is just beginning their financial journey. They may have little to no experience with managing money, budgeting, or investing. This stage is characterized by learning the basics of personal finance, understanding the importance of saving, and developing foundational habits like budgeting, tracking expenses, and setting financial goals. Financial Newbies are focused on establishing a strong financial foundation by gaining knowledge and building the confidence to make informed financial decisions.
• 2.
  Financial Builder

  A Financial Builder is someone who has progressed beyond the basics and is now actively working to grow their financial resources and wealth. They have a good understanding of personal finance principles and are focused on building and expanding their assets. Financial Builders are typically involved in activities such as investing in the stock market, contributing to retirement accounts, paying down debt strategically, and possibly purchasing real estate or other long-term investments. They are working towards achieving greater financial stability and independence, with a clear plan for their financial future.
• 3.
  Financial Trailblazer

  A Financial Trailblazer is someone who has achieved a high level of financial expertise and success. They have likely reached a stage where they are financially independent or well on their way. Financial Trailblazers are often leaders or innovators in their financial approach, seeking advanced strategies to maximize wealth, minimize taxes, and leave a lasting legacy. They may be focused on wealth preservation, philanthropic endeavors, estate planning, and mentoring others in their financial journey. This stage is characterized by a deep understanding of complex financial concepts and a commitment to continuous growth and financial leadership.