Your Relationship to Money Quiz

Where are you in your business?

I'm just starting out. I dont have a formal structure just yet, I'm just figuring things out.

I have a business and I have products and services. I am making money.

I have a 6 figure/multiple 6 figure business

I have a 7 figure and higher business

Tell me the state of your business book-keeping

I don't have many transactions, and they are up to date or reasonably so. I do it myself.

I have several transactions and they are up to date or reasonably so. I do it myself or I have some help from a bookkeeper/accountant.

I am 3 months behind, I may be 6 months behind.

My books are current and I have a bookkeeper/accountant [You MUST have a dedicated business accountant on a monthly or quarterly retainer]

I have a financial team that handles it all [You must have a dedicated financial team for your BUSINESS - financial planner, bookkeeper, accountant, banker etc]

What is the state of your records and your filing system? [With respect to your business only]

I don't have much right now, so I do it myself

I have a small pile, but I know/I think I know where things are.

I have piles and I'm behind. About 3 months or so behind. Maybe 6 months.

Done & current, I have some help.

Done & current - I have an organizer, bookkeeper, filer - specialized help

How often do you look at your business numbers [I dont mean just sales, I mean your entire financial situation]

I don't have much to look at right now

As and when I have time to update my records, not as often as I would like

Okay, okay, never. Until I have my yearly meeting with my accountant [I dont like this question]

Monthly at the very least. Weekly or daily if possible.

Daily.

What is your feeling about debt in general?

Its a bad thing. I have debt and it weighs me down.

Its a bad thing. I've almost paid it all off or I am currently debt-free.

Its a good thing. I'm not against it, but I'm not completely in favor of it either.

Its the best thing. I know exactly how to use debt to my advantage.

I don't need debt at this stage of my life, but my various business ventures know how to leverage it.

How comfortable are you in talking about money and your numbers [not to your accountant, but overall] For e.g. Would you post about money and your numbers on social media or talk to a friend about it?

Absolutely Not.

No, but I'm learning to be comfortable talking to those closest to me.

I can talk about it with advisors and social media with some effort.

Yes, I talk about it openly on social media and with friends.

I talk about it easily - its no different than talking about health, family etc.

How is your asset allocation? [Business and personal]

Huh? English please.

Getting started with it [Pick this option if neither of the 2 below apply to you but you have investments ie 401k, tax deferred plans, pensions, retirement or superannuation plans etc]

Not as diversified [Pick this option only if you have a business and/or stocks, bonds and real estate investments]

Diversified [Pick this option only if you have businesses, stocks, bonds, real estate, charitable foundations, foreign investments etc]

What is your underlying feeling about money as a whole?

No quiz is complete without you telling me how you feel about these questions:

Sounds like you're fishing for compliments. Are you?

Great questions

They all suck

Meh

Your Relationship to Money Quiz

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