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This questionnaire will help you understand how "Financially Fit" you are...
It's important that you answer these questions as honestly as possible to reflect where you're at in your financial journey. Let’s begin!
OK, let's go! Question 1 of 12
Q1 How far along the track of growing your wealth are you? I’m only starting to accumulate wealth and have a way to go yet I’ve got a fair bit of my mortgage still owing and a small to medium super balance I’m less than 5 years from paying out my mortgage and have a good super balance I own my home outright, I have a decent super balance and have some other investments
Question 2 of 12
Q2 Are you earning more than you’re spending? No, I’m going backwards No, I’m breaking even with money going out as fast as it’s coming in Yes, and I’m building up money in the bank Yes, and I’m regularly investing money for my future
Back Question 3 of 12
Q3 Do you feel like you’re making the most of your financial situation? No, I know there’s better choices I can be making to get ahead Not sure, I am not the best at this and am probably paying too much tax for example Yes, things are a bit tight at the moment, but I’m not wasting money Yes, I’ve sought professional advice and I’m growing wealth for the future
Back Question 4 of 12
Q4 How many superannuation accounts do you have? I’d have to check 4-6 3-4 1-2
Back Question 5 of 12
Q5 How is your superannuation account invested? I’ve never paid attention I’m in the default fund inside my account and assume it’s ok I’ve picked funds inside my account, but it was a bit of a guess I’ve researched or received advice and am I’m invested accordingly
Back Question 6 of 12
Q6 Have you got a cash buffer for when things go wrong? I would have to put my expenses onto a credit card or AfterPay if I lost my income I’ve only got enough money saved to cover a few weeks of my expenses I’ve got a small amount of money saved, but it would run out within 1-3 months of no income I’ve got enough money saved to cover all my expenses for 3 months or more
Back Question 7 of 12
Q7 How much personal insurance cover do you have to support yourself and/or your family? I’ve never paid attention or don’t have any cover I’ve got the default amount of cover in my super and I assume it’s ok I picked a figure years ago but probably should look at things again I’ve calculated how much I need and I’ve got the right amount of cover
Back Question 8 of 12
Q8 What sort of quality is your personal insurance cover? I’ve never paid attention or don’t have any cover I’ve got default cover in my super and I assume it’s ok When I applied I had to answer a handful of personal and medical questions and I vaguely know what events I’m covered for When I applied I had to answer a lot of personal and medical questions and I know what events I’m covered for
Back Question 9 of 12
Q9 Are you receiving financial advice? I don’t have anyone I go to for advice I talk to my friends/family about what they’re doing & ask for their opinion I saw a Financial Adviser years ago but we haven’t really had much contact since Yes, from a Financial Adviser on at least a yearly basis
Back Question 10 of 12
Q10 How do you stay up to date with changes to financial legislation & product updates? I’ve got better things to do with my time I rely on the mainstream media (aka tuning into Koshie on Channel 7) I read broadly and try to learn about this myself My Financial Adviser covers off on this during our meetings
Back Question 11 of 12
Q11 What happens to your financial affairs after you’ve passed? It’s not my problem once I’m gone I know it’s important to get this sorted, but I’ve been putting it off I’ve got a will, but nothing else beyond that I’ve used a professional to have my legal estate planning documents sorted
Back Question 12 of 12
Q12 How confident are you that your financial future looks bright? I’ve got a financial roadmap in place and I’m confident I’m on the right track to get there I’m not sure, I need a Financial Adviser to take a look at my situation to tell me where I stand I’ve put a little bit of thought into the future, feel like I’m moving in the right direction and could benefit from professional advice I’m pretty worried about the future and can’t see myself ever being a strong financial position
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Of course, without knowing your personal objectives, specific details of your financial situation or needs, your My Financial Fitness Score and results can only be considered general in nature. Before acting on these results you should consider the appropriateness of this information having regard to your objectives, financial situation and needs. The best way to find out what you can do to improve your financial fitness is to receive personalised advice from a Financial Adviser.
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