Foundations in Personal Finance 6:1

We live in the most marketed to culture in the history of the world.

• True

• False

You should never buy a product from a good salesman

• True

• False

"Caveat emptor" means:

• Buy what you want, pay for it later

• Buyer beware

• Buy here, pay here

• Buyer, have fun

Sales 101 teaches you to:

• Always just answer the question the customer has

• • Never try to get more information about what the customer needs

• Always answer a question with another question

• Never look the customer in the eye

. _________________ of the time, a "be back" won't return

• 88%

• 10%

• 38%

• 98%

People who know how to sell spend thousands of hours and dollars to learn how to talk to you and convince you to buy their stuff.

• True

• False

A child born today will see more than _____________ advertisements in their life.

• 50,000

• 3 billion

• 1 million

• 200,000

If you want to win with money and build wealth, you have to live on less than you make

• True

• False

Americans spend a lot of money primarily because

• They're trying to live a lifestyle they can't really afford

• They know they'll have the money eventually

• They're rich, they know what they're doing

• They know those things are really important things

It's ok to buy something on a 90-days-same-as-cash deal as long as you know you can pay it off in two months or less.

• True

• False