Financial Literacy and Personal Growth

What was a significant factor that made Matt realize his family's financial situation during his school years?

• His teachers' comments

• His brother's complaints

• The difference in his and his classmates' belongings

• His mother's constant reminders

What was Matt's initial misunderstanding about credit cards?

• He assumed they were the same as debit cards

• He thought they were only for emergencies

• He believed they had no interest

• He thought they were free money

How did Matt's mother find out about his credit card debt?

• He told her directly

• She opened his mail

• She received a call from the bank

• She saw his bank statement

What did Matt do to ensure he was making the right financial decisions?

• He read financial books

• He hired a financial advisor

• He set a budget and worked on a plan

• He attended financial seminars

What was Matt's primary strategy to pay down his debt after college?

• Taking a high-paying job

• Living in a cheap apartment and saving on expenses

• Borrowing money from friends

• Investing in stocks

What did Matt emphasize as crucial for avoiding financial mistakes?

• Having a high income

• Avoiding all credit cards

• Living with parents

• Productive conversations around finance

What is the focus of the nonprofit co-founded by Matt?

• Offering scholarships to students

• Supporting athletic programs

• Providing food to the homeless

• Promoting financial literacy

What did Matt realize about financial education during his journey?

• It is only for those in debt

• It is a waste of time

• It should be taught in schools

• It is not necessary for everyone

What was one of the reasons Matt wanted to achieve financial freedom?

• To buy a new car

• To help his mother live a better life

• To travel the world

• To start a new business

What does Matt suggest is a major benefit of paying off credit card debt?

• It opens up more opportunities in life

• It improves your credit score

• It makes you eligible for loans

• It allows you to get more credit cards