Diane Kennedy
Bronze Contributor
User Power
Value/Post Ratio
25%
- Aug 31, 2007
- 780
- 193
I had everyone complete this little quiz at the beginning of my last seminar. I thought you might enjoy this.
Please note all that apply to you.
(1) I couldn’t get a current personal net worth statement within 1 hour of reaching home.
(2) I do not have a personal budget.
(3) I struggle understanding what should be on a personal net worth statement, and then interpreting the story when I do.
(4) I am not regularly able to put money away for investments.
(5) I don’t yet have a business or real estate investments.
(6) My business is in its infancy.
(7) I feel like I’m spending all my time in my business just trying to juggle too many balls in the air.
(8) I do everything (or almost everything) in my real estate investment business.
(9) I don’t have time to think about business structures yet, or if I have them, I haven’t kept them up to date with annual filings and minutes.
(10) I do my own bookkeeping or wait until year-end to hand it off to my accountant.
(11) I don’t have a personal banker.
(12) I don’t have a CPA who understands Pre-emptive Tax Strategies.
(13) I feel like I know more than my CPA does about tax strategies.
(14) My business is stable, but if I don’t work, I don’t get paid.
(15) I’m paying way too much in taxes now.
(16) My real estate investments aren’t creating the cash flow I need or had expected.
(17) I am investing – but it’s all from after tax income.
(18) My business is getting boring to me.
(19) My net worth is okay, but my R Scoreâ„¢ is way too low.
(20) I invest mainly with self-directed funds.
(21) I regularly receive income that I don’t have to pay any tax on.
Your Tax IQ Level has NOTHING to do with the amount of money you make.
Please note all that apply to you.
(1) I couldn’t get a current personal net worth statement within 1 hour of reaching home.
(2) I do not have a personal budget.
(3) I struggle understanding what should be on a personal net worth statement, and then interpreting the story when I do.
(4) I am not regularly able to put money away for investments.
(5) I don’t yet have a business or real estate investments.
(6) My business is in its infancy.
(7) I feel like I’m spending all my time in my business just trying to juggle too many balls in the air.
(8) I do everything (or almost everything) in my real estate investment business.
(9) I don’t have time to think about business structures yet, or if I have them, I haven’t kept them up to date with annual filings and minutes.
(10) I do my own bookkeeping or wait until year-end to hand it off to my accountant.
(11) I don’t have a personal banker.
(12) I don’t have a CPA who understands Pre-emptive Tax Strategies.
(13) I feel like I know more than my CPA does about tax strategies.
(14) My business is stable, but if I don’t work, I don’t get paid.
(15) I’m paying way too much in taxes now.
(16) My real estate investments aren’t creating the cash flow I need or had expected.
(17) I am investing – but it’s all from after tax income.
(18) My business is getting boring to me.
(19) My net worth is okay, but my R Scoreâ„¢ is way too low.
(20) I invest mainly with self-directed funds.
(21) I regularly receive income that I don’t have to pay any tax on.
Your Tax IQ Level has NOTHING to do with the amount of money you make.
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.