Are you starting 2008 in peak financial fitness?

Your financial fitness is how well you manage your money on a daily basis. Just like physical fitness helps your health, so does financial fitness help your financial health and weath.

Discover your financial fitness by completing our brand new Financial Fitness quiz now. (It’s free and takes about 70 seconds).

How’s your financial health?

How’s your financial health? Is everything in tip top working order, or are there areas being avoided and showing signs of wear and tear?

Well, if you suspect that your finances are out of shape you are not alone. The average score from my online financial health check-up is just 39 percent.

That low average is to be expected given that we don’t receive much if any financial education when we are growing up, and then none afterwards unless we seek it. So we leave school not knowing what we don’t know.

But wouldn’t it be great to be enlightened as to things we could easily do that would make quick gains and we didn’t even know about? That’s why I created the online financial health check-up to produce a very comprehensive, personalised report.

And the great news is that until Monday December 3rd you can complete the check-up and get three extra educational tools for half-price. It’s all part of my mega Christmas bundle – check it out now.

How do you prefer to pay for financial advice?

One year ago a large institutionally owned financial advice group switched its charging structure to fee-for-service from commission. Since then all new clients have been fee-for-service. Existing clients have been able to opt to continue their commission structure.

Interestingly, one year on the dealer group reports that most existing clients have opted to continue with the commission based fee structure.

How do you prefer to pay for financial advice? Assume that the total dollar cost to you is identical no matter how you choose to pay. Realistically that would be around $3,000 per year.

Flat fee out of my pocket
Percentage commission from my financial product
A mix of both of the above

Any comments on your payment preference (optional)?