Thank you for participating!
Congratulations on completing this assessment. We know how uncomfortable it can be to ask yourself the hard questions, particularly where things are not as good as you would like them to be.
Whatever your results are, the important thing to remember is that:
- You are not alone – when we first meet our clients most of them are not in the position they would like to be. Often they are embarrassed to admit to the Financial Catastrophe that they are the primary architect of.
- Whatever your position is – it is. Once you know where you are you can work out a plan to improve on it. It might take a little longer than someone else, but at the end of the day the process is about getting you to where you want to be – no-one else really matters.
So, what does it all mean?
Any areas that you’ve scored between 1 and 4 require Immediate Attention. This is the low hanging fruit where you can get some quick and easy wins, and they will make a big difference to your overall position.
Your first task is to focus on these areas and improve them so you can rate them between 5 and 7. What might this look like?
Well, if for instance you don’t have a budget the first thing you should look at is what you are currently spending. Your bank’s website may have a tool to assist with this, or you can simply download your last quarter’s bank transactions as a good starting point.
Work out where your money is going – and then evaluate the areas of leakage in this i.e. where are you losing or wasting money? What can you change to fix this?
Where you’ve scored between 5 and 7, you’re going along OK, but there is still room for improvement.
How can you take this to the next level? Perhaps things are going along pretty comfortably and as a result you don’t always monitor how closely you stick to your budget, or you aren’t sure that your income is fully optimised for tax.
Maybe you need to look at what is driving these decisions. I know that I am much more disciplined in my training when I have a significant race on the cards than when I don’t – my motivation is much higher. What goals are you aiming for, and how can small improvements in these areas help get you there?
If you’ve scored between 8 and 10 in any areas you should give yourself a High-5. That’s a great result.
But, how does the rest of the wheel look? Is it round, or are there highs and lows? Are you perhaps focusing too much on some areas and costing yourself money in others? What can you do to help smooth your results and ensure that you are able to operate more efficiently overall?
If you would like more help with this, we run a regular Online Cashflow Master Class that might help.
