Here's a short 25-question home business quiz that will save you a ton of time and effort. We'll ask you a few questions to measure your knowledge and then point you in the right direction to continue your research.
Input your answer in the box next to each question of the home business quiz and we'll provide the answers when you're done.
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1) After 40 years of working, how many Americans have enough money to comfortably retire (e.g. never have to work again)?
A. 35%
B. 15%
C. 5%
2) How many Americans do not have a detailed retirement plan?
A. 15%
B. 38%
C. 61%
3) Assume one has $250,000 saved for retirement. If retirement spending rises with inflation (e.g. maintain standard of living), what are the chances those savings will last 30 years into retirement?
A. 65%
B. 38%
C. 1%
4) How many Americans have more than $20,000 in their 401(k) plan (for those who even have a 401(k) plan)?
A. 82%
B. 13%
C. 42%
5) What is the current statutory limit for drawing Social Security benefits?
A. 60
B. 65
C. 67
6) What is the average net worth of an American household at retirement?
A. $432,000
B. $645,000
C. $264,000
7) Assume a 65-year old American lives to age 90. How much will that person need just to cover medical expenses alone?
A. $100,000
B. $200,000
C. $300,000
8) How many retirees are physically too disabled to work?
A. 10%
B. 20%
C. 25%
9) Most people could live their same lifestyle during retirement with only ______ of their current income, if they were debt-free.
A. 85%
B. 75%
C. 40%
10) What is the average credit card balance of the typical US household?
A. $2,700
B. $5,400
C. $9,300
11) As of 2001, what was the total public debt of the citizens of the United States?
A. $942.7 million
B. $4.2 billion
C. $6.5 trillion
12) In the last decade, how much did the average net worth of households led by self-employed business people rise?
A. 24%
B. 47%
C. 68%
13) In the last decade, how much did the average net worth of households led by employees rise?
A. -2%
B. 5%
C. 13%
14) In 2001, what was the average net worth of a self-employed business-led household?
A. $432,000
B. $675,000
C. $1.3 million
15) In 2001, what was the average net worth of an employee-led household?
A. $182,000
B. $432,000
C. $225,000
16) When taking home business tax deductions into account, how much more efficient can a home business be compared to taking a job (efficiency defined as a measure of time investment and income received)?
A. 0.8 times
B. 8.2 times
C. 16.5 times
17) Over a three year period, a home business can bring in ______ times more cash than a job and require _______ the time investment of a job.
A. 0.8, 1.2
B. 1.7, 0.8
C. 3.5, 0.2
18) How much capital investment is required to start a popular franchise?
A. $1,000
B. $10,000
C. > $100,000
19) How much capital investment is required to start a legitimate home business?
A. $10,000
B. $2,500
C. <$300
20) How much of a time investment per week is required to run a legitimate home business?
A. 20-24 hours
B. 2-4 hours
C. 8-12 hours
21) Which of the following home business models requires the most “computer skills”?
A. Network Marketing
B. Affiliate Reseller Program
C. Internet Marketing
22) Which of the following home business models does not require you to create your own product or service?
A. Affiliate Reseller Program
B. Network Marketing
C. Both A and B
23) Which of the following home business models has all the strengths of a franchise without the high money investment?
A. Internet Marketing
B. Affiliate Reseller Program
C. Network Marketing
24) Which of the following home business models provides a comprehensive and detailed training program (without any extra cost)?
A. Internet Marketing
B. Affiliate Reseller Program
C. Network Marketing
25) Which of the following is the most important factor for success in a legitimate home business?
A. Prior Experience
B. College Degree
C. Willingness to Learn
"Money is important, but I don't want to spend my life working for it."
-Quote from Rich Dad's CASHFLOW Quadrant
The Perfect Business CD is a 25 minute audio interview that introduces you to Robert Kiyosaki and takes the Home Business Quiz to the "application" level.
