What is the primary focus of The Total Money Makeover?

• How to invest in the stock market

• How to build wealth using credit cards

• How to get out of debt and achieve financial freedom

• How to increase your credit score

Dave Ramsey compares financial health to:

• A college education

• Dieting and exercise

• Winning the lottery

• Running a business

According to Ramsey, what is the biggest factor in personal finance?

• Having a high-paying job

• Your behavior and financial choices

• Using credit cards wisely

• Understanding tax laws

What percentage of personal finance does Ramsey say is behavior-based?

• 20%

• 50%

• 80%

• 100%

Which of the following is not one of the myths Ramsey discusses?

• "Debt is a tool for building wealth."

• "You need a credit card to survive."

• "Investing is only for the wealthy."

• "You should always lease a car instead of buying one."

What does the phrase "keeping up with the Joneses" mean?

• Living frugally to save money

• Trying to match the lifestyle and spending habits of others

• Investing in real estate for financial growth

• Building wealth through hard work

What is the first step in Ramsey’s financial plan?

• Pay off all debt

• Save for retirement

• Build a $1,000 emergency fund

• Buy a house

What is a common sign of financial denial?

• Living on a budget

• Using only cash

• Ignoring bills or not checking your bank account

• Investing in a 401(k)

According to Ramsey, what is a major downside of using credit cards?

• They increase your credit score

• They encourage overspending

• They offer cash-back rewards

• They help you budget effectively

What is the biggest financial mistake most people make, according to Ramsey?

• Not having a checking account

• Leasing cars and buying on credit

• Investing in mutual funds

• Avoiding credit cards