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ALL OF DAVE RAMSEY questions with correct answers.
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ALL OF DAVE RAMSEY questions with correct answers.
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ALL OF DAVE RAMSEY questions with correctanswers
consumer Correct Answer-a person or organization that uses a product
or service
credit Correct Answer-the granting of a loan and the creation of debt;
any form of deferred payment
debt Correct Answer-an obligation of repayment owed by one party
(debtor/borrower) to a second party (creditor/lender); in most cases this
includes repayment of the original loan amount plus interest
economy Correct Answer-a system by which goods and services are
produced and distributed
financial literacy Correct Answer-the knowledge and skillset necessary
to be an informed consumer and manage finances effectively
interest Correct Answer-a fee paid by a borrower to the lender for the
use of borrowed money; typically interest is calculated as a percentage
of the principal (original loan amount)
loan Correct Answer-a debt evidenced by a "note," which specifies the
principal amount, interest rate and date of repayment
,personal finance Correct Answer-all of the decisions and activities of an
individual or family regarding their money, including spending, saving,
budgeting, etc.
*financial* Correct Answer-Assess your __________ situation (your
income, assets and liabilities).
*goals* Correct Answer-Set money __________! Make sure you have a
mix of both short-term and long-term goals.
*plan* Correct Answer-You must write out a detailed __________ for
accomplishing your goals. This begins with your budget.
*execute* Correct Answer-__________ your plan! This involves
discipline and perseverance.
*personality* Correct Answer-Know your money __________. Once
you know your money __________, you develop a financial plan that
works for you.
monitor Correct Answer-Regularly __________ and reassess your
financial plan.
*myths* Correct Answer-Replace money __________ with money
truths.
,*money* Correct Answer-You don't have to spend more __________
than you make just to look good in front of your friends. You can learn
basic money principles and put them into practice.
*satisfaction* Correct Answer-When you manage money well, you'll
experience deeper __________.
*behavior* Correct Answer-Personal finance is 80% __________ and
20% head knowledge.
*math* Correct Answer-Money __________ is easy - it's controlling
your behavior that's the real challenge.
*normal* Correct Answer-As you think about the "__________"
American family, remember that normal is broke. You don't have to be
normal!
*normal* Correct Answer-We are told that debt is __________. It has
become acceptable in our culture to use credit to buy things.
*buy happiness* Correct Answer-We are taught that we can _____
__________. This is simply not true!
*wealth* Correct Answer-Our debt system keeps us from building
_________ because we are constantly giving our money away to pay for
things we bought years ago.
, *language* Correct Answer-Knowing the __________ of money allows
you to ell your money what to do.
*tool* Correct Answer-Money is a __________. It's up to you to
manage it.
you Correct Answer-The best way to manage money is to learn how to
manage __________.
*instincts* Correct Answer-You need to know your natural __________
when it comes to money. For instance, are you more likely to spend or
save?
*opportunity* Correct Answer-It's in recognizing who you really are
that allows you the __________ to grow and learn.
To Become Money Smart you must: Correct Answer--Be comfortable
with basic math
-Learn the Language of money
-learn how to manage your behavior with money
compound interest Correct Answer-interest paid on interest previously
earned; credited daily, monthly, quarterly or semiannually
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