Financial Health Assessment Quiz

What percentage of financial decisions are based on emotions according to the Nobel Prize winner?

• 50%

• 90%

• 10%

• 100%

What is Adrien's average monthly take-home pay?

• $7,500

• $6,250

• $2,520

• $5,460

How much does Adrien spend on essential expenses and debt payments monthly?

• $2,000

• $2,350

• $2,650

• $3,000

What is Adrien's net savings per month after accounting for credit card debt?

• $416

• $166

• $500

• $250

What is Adrien's current savings rate as a percentage of his gross pay?

• 20%

• 10%

• 6.6%

• 15%

What percentage of Adrien's income goes towards essentials and debt payments?

• 55%

• 60%

• 48%

• 30%

If essential spending is 55% or more of your income, what might be the underlying issue?

• Savings issue

• Investment issue

• Income problem

• Spending problem

What is the first step in laying a financial foundation according to the video?

• Building an emergency fund

• Paying off all debt

• Investing in stocks

• Buying a house

How much does Adrien allocate monthly for commitments like family visits and weddings?

• $300

• $100

• $200

• $400

What is Adrien's plan for his student loans given their low interest rate?

• Pay them off quickly

• Refinance them

• Ignore them

• Pay them off slowly