Ramsey Vocab CH 1

When assets are greater than liabilities, it is what?

• neutral net worth :|

• positive net worth :)

• negative net worth :(

• proton net worth

When someone's liabilities are greater than their assets, it is what?

• not v swag

• positive net worth :)

• negative net worth :(

• neutral net worth :|

Money owed to another person or company?

• Debate

• Debt

• Bets

• Broke

A person or entity that charges borrowers interest rates above an established legal rate

• Load shark

• Loan shark

• Debt shark

• Bad guy

The additional cost to a lender charges for borrowing their money usually expressed as a percentage.

• fees

• loan plus some

• Interest

• tax

The cost of goods or money paid out

• Monet

• Expense

• Expendables

• Doll hairs

Financial debt or obligations

• Not giving big money

• Not fun tings

• Liability

• Asset

Anything that is owned by an individual, including money in the bank or investments

• Stuff yk

• Assets

• Liability

• It’s giving valuble

A plan of action that allows a persons to meet not only their immediate needs, but also their long-term goals.

• Road plan

• Financial Plan

• Money plan

• Budget

Assets minus Liabilities is Net _______.