PERSONAL FINANCIAL PLANNING QUIZ
Thank you for taking time to participate in our Personal Financial Planning presentation.
As a quick acid test of your financial planning status, please take this QUICK QUIZ.
Be very HONEST with yourself.
1. I live in my own house, or I am in a resident mortgage scheme, or I am in the process of building my home. YES ( ) NO ( )
2. I have a regular savings plan in place where I deposit at least 10% of my income for future financial security. YES ( ) NO ( )
3. If I were faced with a personal liability suit, or any other emergency, I have an emergency savings plan to mitigate any eventuality. YES ( ) NO ( )
4. I have an adequate plan in place for my children\’s higher education costs. YES ( ) NO ( )
5. If I am not working today, I have secured adequate investments that can take care of me and my family. YES ( ) NO ( )
6. I have calculated how much money I will need for retirement and have a planing place for accumulating the retirement savings. YES ( ) NO ( )
7. If I passed away today, my surviving dependants would be comfortable or adequately catered for. YES ( ) NO ( )
8. I have in place a plan that can take care of me and my family in case of inpatient hospitalisation. YES ( ) NO ( )
9. If I am incapacitated today, by accident or sickness, I have in place arrangements to take care of my disability needs. YES ( ) NO ( )
10. I am satisfied with my financial progress and have no worries about the future. YES ( ) NO ( )
If you could answer YES to 6 or more of the above questions, your personal financial picture could be improved by concentrating on the gaps (N).
If you could not answer YES to 6 or more of the above questions, your personal financial picture could be at risk and you need to talk to a Financial Advisor urgently.
Failing to plan is obviously planning to fail.
Talk to me Today.
0712-870-447 gallywexa@gmail.com
Gallin Wekesa, Financial Advisor Britam.