WorksheetsDave Ramsey Ch.1 Section 2-3
Total questions: 27
Worksheet time: 14mins
Prior to the 1970’s, debt was something most Americans were ashamed of.
True
False
Buying things on credit was extremely rare before which year?
1949
1925
1962
1917
The average student loan debt is about
$30,000
$12,000
$18,000
$6,000
A lot of people you think “look” wealthy are completely broke.
True
False
Credit cards and car loans are a great idea for most people.
True
False
Personal finance is ____% behavior and ____% knowledge.
30, 70
50, 50
80, 20
20, 80
Being like everyone else means being broke and in debt.
True
False
Things are always as they seem.
True
False
In America, being “normal” is ______.
wealthy
broke
The debt system helps people gain wealth.
True
False
You should always use a credit card for purchases.
True
False
Who profits from interest on credit card debt?
People using credit cards
Credit card companies
Retail stores
The government
Americans today charge over __________ a year on their credit cards.
2 billion
25 billion
1 trillion
82 billion
If you put what you learn into practice, you can
Tell your money what to do
Become wealthy quickly
Get better loan options
Have multiple credit cards
Debt can cause stress and gets in the way of pursuing your dreams and passions.
True
False
To manage money successfully, you must understand the _________ of money.
Language
Personality
Value
History
The best way to manage money is to learn how to manage __________.
You
Others
Credit cards
Income
We all have strengths and weaknesses when managing our money.
True
False
Only accountants and financial experts can win with money.
True
False
You need to learn how to manage your money __________.
Value
Behavior
Vocabulary
Savings
Being “money smart” is very difficult and takes a lot of time to learn.
True
False
Financial level: simply income, bills, and hope there is enough money to get you to the end of the month.
Survival
Comfort
Secure
Financial level: basic understanding of money management; still income and bills; however, you pay yourself first; small monthly surplus you use to save and invest.
Survival
Comfort
Secure
Financial level: you arrange your finances in such a way that your wealth now generates your income; your money actually works for you.
Survival
Comfort
Secure
First basic "money smart" principle.
Start learning the language of money
Need to be comfortable with basic math
Learn how to manage your behavior with money
Second basic "money smart" principle.
Start learning the language of money
Need to be comfortable with basic math
Learn how to manage your behavior with money
Third basic "money smart" principle.
Start learning the language of money
Need to be comfortable with basic math
Learn how to manage your behavior with money
