Dave Ramsey 1.2 Quiz

Prior to the 1970’s, debt was something most Americans were ashamed of.

• True

• False

Credit cards and car loans are a GREAT idea for most people.

• True

• False

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

CCSS.7.RP.A.3

A lot of people you think “look” wealthy are completely broke.

• True

• False

The average student loan debt is about

• $30,000

• $12,000

• $18,000

• $6,000

Tags

CCSS.7.SP.A.1

CCSS.7.SP.A.2

Personal finance is ____% behavior and ____% knowledge.

• 50, 50

• 80, 20

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

In America, being “normal” is ______.

• wealthy

• broke

20 years ago, Dave Ramsey was ________.

• Rich

• Bankrupt

At age 26 Dave Ramsey had a net worth more than ____.

• $500,000

• $1 Million

• $4 Million

• $3 Million

After losing everything, Dave Ramsey went on a quest to find out how money really works and how he could get control of it. Now he is ____________.

• A multi-millionaire, financial expert and educator

• Broke, busted and disgusted

The reason debt has become a problem in America is because

• loaning money became profitable for banks and other businesses

• Americans are forced to get loans.

Tags

CCSS.7.RP.A.3