Have you got what it takes to pass (65% or better) on Rask’s Financial Wellness Test? This test covers all of the essential knowledge areas of personal finance in Australia.
This is not another one of those ‘BS’ surveys on financial concepts. Boring!
This test talks about real-life financial strategies. It covers tax, Super, investing, the stock market, compound interest and more.
What do you get from it?
Other than pride, joy, fulfilment, happiness, accomplishment… and the confidence of knowing you’ve got your financial wellness knowledge under wraps, this 20-question quiz will guide you to find free Rask resources to help improve your financial wellbeing and investing skills.
It’s totally free, fun and you’ll get a special message if (when) you pass the financial wellness test. Just get 65% or better!
Good luck!
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Earned Point(s): 0 of 0, (0) That’s a pretty score but I reckon you could do even better if you took it again. If you take the quiz again and get a score of 13 (65%) or better we’ll share a secret message from our founder with you. Alternatively, if you need to brush up before going again, take a free course! You = amazing! Well done. You have the making of a Financial Wellness legend. But why stop here? Do you want to free yourself from money anxiety and invest confidently for serious life-long wealth creation? Maybe for a future generation? We highly encourage you to follow this 6-part program by listening to our select podcast episodes or enrolling in some free courses (in order), if you haven’t already: Once you’re done with that, and have set your money and investing plan in motion inside Super and ETFs/shares, you can make a simple choice: Follow this simple learning plan and in 3 months from today you’ll be walking the walk, talking the talk and crushing all of your financial goals. Whatever they are. You’ll be empowered to take on your finances — and your future. How do I know? Over 75,000+ Aussies tune into our podcasts every month, and we’ve enrolled over 10,000 students in courses — and we hear from some of our listeners, students and premium members every single day. How cool is that! So, you’re in good (looking) company. We’re here if you need us. Now, it’s over to you. Congrats again, Rask P.S. Why not join the popular Rask Facebook community and get some saving and investing hacks right now? We all love free money. But why can credit cards and buy-now-pay-later (BNPL) products like Afterpay be harmful to your financial wellbeing? Choose the most correct answer.
You’re hoping to change banks and get a better deal. Where would you look to see if your bank account has any fees or charges?
What is inflation? Choose the most correct answer.
When is the best time to call my bank and think about applying for a mortgage, or reach out to a mortgage broker? Choose the most correct answer.
When should you sign a contract for a financial product, like a brokerage account, or invest in something, like a managed fund or ETF? Choose the most correct answer.
What are the main types of insurances that you can get inside of super?
You got “some cash to splash” and want it to grow. What is the ideal timeframe for investing in the stock market? Choose the most correct answer.
What are blue-chip companies?
Why do you think Owen made getting an emergency fund the first step in having a good budget, in our free (and totally fantastic) Money & Budgeting Course? Choose the most correct answer.
What is the highest level of car insurance you can get, and what does it cover you for?
A friend asks you, “WTF is an ETF?” Assuming you like this person, the most correct response would be…
Which of these tasks makes a typical tax accountant the right professional to see?
Imagine you own a house. The real estate agent says it’s worth $1 million. Fist pump! You have a mortgage on the house, with a current balance of $480,000. The stamp duty to buy a house would be approximately $50,000. How much equity does your house have?
If you earn under $50,000, do you have to pay the Medicare levy?
What is the difference between general and personal financial advice?
Pick the most correct answer about financial professionals. Choose the most correct answer.
What are tax deductions?
How much money is your employer supposed to be investing into your Super fund? Assume you’re an employee or sub contractor with a regular employer — and therefore entitled to Super from July 2021 onward.
As an employee, how are your taxes paid and refunds calculated in Australia? Choose the most correct answer.
If you invest $100 in the share market today, then every month for 30 years at an average 8% return per year, how much would you end up with? Choose the best answer. Feel free to use a Compound Interest Calculator.
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