Your Moneywise Identity is who you are financially; it’s your financial awareness, your financial personality and your financial situation combined into one. Learning who you are financially is a must if you are looking to achieve a life of Financial Sanity and Financial Independence.

The fact that you are viewing this website indicates that you acknowledge that you have a problem. However, up to now you probably have not done much about it or to stop it from growing. Escalating debt can be a disaster waiting to happen. If not reversed it can cause emotional problems, marital problems and it can harm your career, break up your family and literally ruin your life.

Being in debt, even what you may believe is hopelessly in debt, is not an insurmountable problem; you have the power to end it. Of course, how much time and effort it will take will depend how bad your problem is and what resources you may have to help overcome it. But let me assure you that there is an end to it and it may not be nearly as difficult to achieve as you think.

Before you can begin the process of straightening out your financial affairs you must fully understand your problem or just who you are financially. You can do this by taking my Free Moneywise Identity Quiz and then scoring and evaluating your answers using the instructions provided. It will expose your deficiencies and let you know what you will have to do to start moving your financial life forward in a positive direction.

Instructions for answering (scoring the statements)

Score each statement in the Quiz as follows: 

SCORE  0 -  if it’s completely true

SCORE  1 -  if it’s partially but not completely true

SCORE  2  -  if it’s mostly but not completely false

SCORE  3  -  if it’s completely false

(As you will see, the higher your score the better your financial identity.)

Rate your financial awareness

1)      _____ You have many debts but no idea how much money you actually owe.

2)      _____ You have no idea how much of your debt payments go to pay interest.

3)      _____ You have no idea how long it will take to pay your debts off.

4)      _____ You don’t know how much it costs for your essentials living expenses.

5)      _____ You have no budget and no idea how your money is being spent.

6)      _____ Your financial records are un-scrutinized and totally disorganized.

7)      _____ You’re not sure why your credit card balances continue to increase. 

 8)      _____ Minimum debt payments keep increasing but you’re not sure why.

9)      _____ You know nothing about consumer rights regarding debt and credit.

10)  _______You have no idea what your credit score is.

_______ Total

Rate your financial personality

1)      _____ You continue to use credit to buy things you don’t need.

2)      _____ You use credit cards to pay basic living expenses.

3)      _____ You are envious of people who have more to spend then you.

4)      _____ You have no financial goals in place and no plan to achieve them. 

5)      _____ You often worry about money and your ability to pay your obligations.

6)      _____ You often worry about your credit and your reputation.

7)      _____ You have little if any pension or retirement money set aside.

8)      _____ You have no life or disability insurance.

9)      _____ The more money you make the more you spend.

10)  ______ Medical, dental and home repair needs are being neglected.

_______ Total

Rate your financial situation

1)      _____ You have to juggle payments and postpone some to pay others.

2)      _____ You are only making “minimum” payments on credit card accounts.

3)      _____ You’re defaulting on some payment obligations.

4)      _____ You’re using savings to help with debt payments and living expenses.

5)      _____ You’re using borrowed funds to pay other debt.

6)      _____ You’re selling valuable possessions to pay debts.

7)      _____ You’re bouncing checks or eating into your cash reserve checking.

8)      _____ You’re receiving calls from bill collectors and creditors.

9)      _____ The quality of your lifestyle has diminished because of debt payments.

10)  ______ You have little or no money for emergencies, savings, Kid’s college, etc

_______ Total

          ________ Grand Total (all three scores)

Interpreting your scores

This Quiz translates your basic financial characteristics into a score that will give you a reasonable idea of your Financial Identity. It’s what you might call a Financial Reality Check. Some of you may have a good idea where you stand before going through this exercise but seeing it in black and white could be a strong wakeup call that will motivate you to start getting your stuff in order.

Once you have scored each question get the total of each category and then add the totals of all three categories for a grand total and then compare your scores to the guide below.

As a guide here is how you should view your scores:

Totals for each category Your Financial Awareness, Personality
& Situation scores:

0- 8      bad to poor
9-16     poor to fair
17-24   fair to good
25-30   good to excellent

Total score of all three categories - Your Financial Identity

0-24     bad to poor
25-48   poor to fair
49-72   fair to good
73-90   good to excellent

What does it all mean?

Your total score is probably somewhere between 10 (completely out of control with your finances) and 50 (better but certainly not where it should be). What this means – plain and simple –is that you have to start taking some proactive steps to straighten out your financial affairs. Even if you’re in the 55 to 75 range you still have some significant shortcomings that you need to deal with. Just go down the list to see exactly where you are lacking and what you have to fix.

 What’s next? Where do you start?

Now that you have become painfully aware of your deficiencies what do you do? For many just the thought of getting involved with these issues can be overwhelming. So, what do you do? Where do you start? A good place is right here on this website. Explore it and take advantage of the wealth of free information it provides and the services and publications it offers. It’s all intended to help you begin the process of achieving financial independence by taking control of your financial life and ending your problems with credit card and other unsecured debt.

Free Information and Guidance

First click here to check out My Free Tips including discussions about:

• Commitments you must make
   

• The different kinds of debt and what can happen if you don’t pay
   

• Your rights regarding debt collectors and credit reporting
   

• Tips for dealing with collection agencies and attorneys
   

• Bankruptcy, the new law and why it should be your last resort
   

• The dangers of using debt consolidation companies
   

• Why it can be a big mistake to use home equity loans to pay off credit cards
   

• What you should know about your credit, credit reporting and credit repair
   

• Dangerous and potentially harmful misconceptions people have about debt and credit
   

• And much more

Services and Publication

Also, if you need additional help you can take advantage of the more comprehensive assistance, support systems and the direct consultation services I offer on this website. This includes my Publications, my personalized End Debt Program and my Debt Enders Forum & Hot Line. These are all specifically designed and devoted to provide you with the information, the confidence and the step by step guidance you may need to dig out of the hole you are in and straighten out your financial life.

It’s time to Get Started

Visualize your life without Credit Card Debt and not having to pay hundreds of dollars each month toward those debts and the outrageous interest charges they accrue. Visualize the positive things you could be putting that money toward (investments, retirement, vacations, college or what ever may be important to you). This does not have to be a daydream or a fantasy. I assure you that you can make it happen and probably a lot faster than you think. But, you have to “walk the walk” as they say; you have to take charge. This is because only you can make it happen and I can help you do it.

So if you’re committed to creating a life characterized by financial sanity and financial independence you are in the right place. Normondebt.com is the most comprehensive one stop resource that you will find offering everything you need to get this job done.

As our late great president Harry S. Truman once said:

“The Buck Stops Here!”

It’s up to you gals and guys.
Good luck and please let me know how it turns out.

Thank you,
Norm

 P. S. – to learn more click on:

Norm’s Free Tips

Norm’s Books

Norm’s End Debt Program

Norm’s Debt Enders Form & Hot Line