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WorksheetsDave Ramsey Basic Knowledge
Total questions: 15
Worksheet time: 14mins
Prior to the 1970’s, debt was something most Americans were ashamed of.
True
False
A lot of people you think “look” wealthy are broke and in debt.
True
False
Personal finance is ____% behavior and ____% knowledge.
50, 50
80, 20
20, 80
1, 99
In America, being “normal” is ______.
wealthy
broke
The reason debt has become a problem in America is because
loaning money became profitable for banks and other businesses
Americans are forced to get loans.
We are bombarded with marketing ads that
push us to buy things
make us feel like a want is a need
are everywhere
All of these
We are told that debt is normal. It has become acceptable in or culture to use credit to buy ___________________.
Clothes
Jewelry
Food
EVERYTHING
Personal financial success is primarily the result of:
Managing your money behavior
Winning the lottery
Welfare and unemployment programs
Inheriting money from your relatives
Making more money
Your income determines your wealth.
True
False
Which of the following is a consequence of spending more than you make?
Missed opportunities to save and invest
Stress
A cycle of debt
All of these
The widespread financial insecurity of Americans is primarily because:
Americans have low incomes.
Americans don't save and they spend more than they make.
Interest rates in America are low.
Most Americans save a high proportion of their income.
When it comes to personal finance, the math is easy, What's challenging is managing your
Behavior
Income
Friends
Bank account
A young investor willing to take moderate risk for above-average growth would be most interested in:
Single stocks
Bonds
Mutual funds
Real estate
The benefit of diversification in your investments is:
Reduced risk
Reduced tax liability
Having a portfolio
Increased risk
According to Dave Ramsey & Mr. B. Frazee:
If you put $500 in a mutual fund when you turn 18 and then add just $20 a week, when you turn 60 (retirement age) you will be a millionaire!
True
I'm going to do it!
That sounds like too much.
I don't want to be a millionaire
False
