Are You Ready to Live The American Dream?

People come from the other side of the world to live The American Dream. What is The American Dream? Simply put, it means to own a piece of real estate/land/a house. Most people consider living The American Dream to mean owning a house. Everyone interprets it differently. For some, it could simply mean having your name on a deed (any deed) and that could be owning a single family home, townhouse/condo, or co-op. You aren't renting from someone and throwing your money away without reaping the tax benefits.

Let's see if you are ready to Live The American Dream. At the end of this quiz, you'll know if you're ready, if you need more preparation or if you aren't yet ready.

Created by: Deirdrie of Deirdrie
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1. What is your age?
Under 18 Years Old
18 to 24 Years Old
25 to 30 Years Old
31 to 40 Years Old
41 to 50 Years Old
51 to 60 Years Old
Over 60 Years Old
2. What is your gender?
Male
Female
3. If you are a renter, how do you feel about your current living situation?
I'm tired of paying for something I'll never own.
I'm loving every minute of it and won't buy until I'm married!
Rent, buy, pie, whatever! As long as I have a place to lay my head I don't care.
4. Have you filed for bankruptcy within the past 24 months?
Yes, I have filed for bankruptcy within the past 24 months.
No, I have not filed for bankruptcy within the past 24 months.
What the heck is bankruptcy?
5. Do you currently have a savings/checking account?
No, I keep all of my money under my mattress.
Are you kidding? I don't even work!
Yes, I do and I'm saving as much as I can.
6. Do you have any major credit/charge cards or store cards?
Yes, I have like 5 and I haven't missed many payments.
Yes, I have a few and they are nearly all maxed out.
Credit cards? I don't even have any credit cards!
7. Have you taken out any personal, business, student, or auto loans?
Yes, and I am usually late with the payment(s).
Yes, and I make timely payments.
No, I don't currently have any loans.
8. Do you need thousands of dollars within the next 2-3 years?
Yes. I want to start a business but can't obtain a business loan.
Sure. I'd love to go on a luxury vacation.
Yes. I need money to finish my college education.
9. Are you currently employed?
Yes, for more than 3 months.
Yes, I just started a new job.
I haven't worked for months.
10. Will your current employer verify your employment and income if asked?
Huh? I get paid off of the books, honey. But, I get paid well.
Absolutely. My boss will cooperate.
Well, could we come back to that question later?
11. Are you comfortable paying $700 or more each month towards a mortgage and taxes?
Sure! I'm already paying close to $1000 for rent!
What?! I can't afford to spend that much every month!
I am not sure. I don't know how much I can pay.
12. Have you ever been charged with bank fraud?
Yes, and I'm not allowed to bank anywhere.
No! I'd never do such a thing.
What the heck is bank fraud?
13. Do you know what your credit score is?
Yes, it's above 650.
Yes, it's below 650
I don't know what my credit score is.
14. Do you currently owe the IRS any back taxes?
No, I do not.
Yes, I owe too much to discuss.
Who in the world is the IRS?
15. Which one of these theories do you most strongly agree with?
One should take pride in hard work and the fruit of one's labor.
If I can't get it, I'm going to steal it.
Owning a home is for other people. I can't ever have a nice home.
16. Would you be willing to provide me with your name and phone number, e-mail address, or mailing address?
Yes, I am willing.
No, I am not willing.
Maybe later.

1. What is your age?

Under 18 Years Old

18 to 24 Years Old

25 to 30 Years Old

31 to 40 Years Old

41 to 50 Years Old

51 to 60 Years Old

Over 60 Years Old

2. What is your gender?

Male

Female

3. If you are a renter, how do you feel about your current living situation?

I'm tired of paying for something I'll never own.

I'm loving every minute of it and won't buy until I'm married!

Rent, buy, pie, whatever! As long as I have a place to lay my head I don't care.

4. Have you filed for bankruptcy within the past 24 months?

Yes, I have filed for bankruptcy within the past 24 months.

No, I have not filed for bankruptcy within the past 24 months.

What the heck is bankruptcy?

5. Do you currently have a savings/checking account?

No, I keep all of my money under my mattress.

Are you kidding? I don't even work!

Yes, I do and I'm saving as much as I can.

6. Do you have any major credit/charge cards or store cards?

Yes, I have like 5 and I haven't missed many payments.

Yes, I have a few and they are nearly all maxed out.

Credit cards? I don't even have any credit cards!

7. Have you taken out any personal, business, student, or auto loans?

Yes, and I am usually late with the payment(s).

Yes, and I make timely payments.

No, I don't currently have any loans.

8. Do you need thousands of dollars within the next 2-3 years?

Yes. I want to start a business but can't obtain a business loan.

Sure. I'd love to go on a luxury vacation.

Yes. I need money to finish my college education.

9. Are you currently employed?

Yes, for more than 3 months.

Yes, I just started a new job.

I haven't worked for months.

10. Will your current employer verify your employment and income if asked?

Huh? I get paid off of the books, honey. But, I get paid well.

Absolutely. My boss will cooperate.

Well, could we come back to that question later?

11. Are you comfortable paying $700 or more each month towards a mortgage and taxes?

Sure! I'm already paying close to $1000 for rent!

What?! I can't afford to spend that much every month!

I am not sure. I don't know how much I can pay.

12. Have you ever been charged with bank fraud?

Yes, and I'm not allowed to bank anywhere.

No! I'd never do such a thing.

What the heck is bank fraud?

13. Do you know what your credit score is?

Yes, it's above 650.

Yes, it's below 650

I don't know what my credit score is.

14. Do you currently owe the IRS any back taxes?

No, I do not.

Yes, I owe too much to discuss.

Who in the world is the IRS?

15. Which one of these theories do you most strongly agree with?

One should take pride in hard work and the fruit of one's labor.

If I can't get it, I'm going to steal it.

Owning a home is for other people. I can't ever have a nice home.

16. Would you be willing to provide me with your name and phone number, e-mail address, or mailing address?

Yes, I am willing.

No, I am not willing.

Maybe later.

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Are You Ready to Live The American Dream?

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