Dave Ramsey Ch1 Review

Having a(n) ______________ means the amount of your liabilities is larger than the value of your assets.

_____________________________ means having the knowledge and skills to manage your personal finances.

As a(n) ____________________, it is up to you to make choices about what you buy and use.

___________ is a fee charged for using borrowed money for a purchase.

American culture and businesses have convinced consumers that using ________ is normal.

______________________________ relates to all of the different money decisions you make each day.

Knowing your ____________________ is the starting point for a financial plan.

A(n) _______ is anything you own that has value.

The percentage of Americans who are living paycheck to paycheck is almost...

• 60%

• 70%

• 80%

• 90%

Personal finance is 20% head knowledge and 80%...

• Cash in the bank

• Behavior

• Experience

• Relationships