Dave Ramsey video

What was the narrator's first luxury car?

• BMW

• Audi

• Jaguar

• Mercedes

According to the narrator, what does money do to a person's character?

• Amplifies existing traits

• Improves it

• Has no effect

• Changes it completely

What triggered the narrator's financial downfall?

• Stock market crash

• Personal illness

• Fraudulent investments

• Banks called in their loans

What is the first principle of wise money management mentioned?

• Avoid all debt

• Save aggressively

• Create a budget

• Invest in stocks

What does the narrator suggest doing with a $529 car payment to potentially accumulate wealth?

• Invest in real estate

• Buy a cheaper car

• Start a business

• Invest in a growth stock mutual fund

According to the narrator, what is the impact of hanging around negative people?

• It encourages creativity

• It can limit your own success

• It has no long-term effects

• It motivates you to prove them wrong

What does the narrator identify as a key to winning with money?

• Following trends

• Intentional planning

• Taking risks

• Borrowing wisely

How does the narrator describe the act of generosity?

• As a societal obligation

• As a character quality

• As a temporary feeling of happiness

• As a financial strategy

What example does the narrator use to encourage generosity?

• Volunteering at a shelter

• Leaving a large tip at a diner

• Helping a friend in need

• Donating to a charity

DEFINE credit.

• Any form of deferred payment.

• The loaning of assets.

• A score that measures your trustworthiness.

• The promise to spend borrowed money.