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WorksheetsDave Ramsey Financial Frenzy
Total questions: 10
Worksheet time: 2mins
In America, ______% of people say they're burdened by consumer debt.
50%
72%
90%
33%
Personal finance is 80% ____________ and 20% ___________.
behavior, head knowledge
budgeting, spending
head knowledge, behavior
saving, spending
Debt is a normal way to live and it is inevitable to have debt at some point in your life.
False
True
One of Anthony O'Neal's three financial principles suggested are:
Live, laugh, and love
Save as much as you can
Live on less than you make
Never get a credit card
Assets are what you ______, and liabilities are what you _______.
give, take
own, owe
spend, save
owe, own
Net worth is ____________
anything that is owned by an individual
the money you bring home after taxes
value of the liabilities a person or corporation owns, minus the assets they owe
value of the assets a person or corporation owns, minus the liabilities they owe
The Five Foundations:
Include using debt for big purchases
are too hard to follow
are an action plan for your personal finance
Teach you how to build a house
The Five Foundations are:
1) Save a $500 Emergency Fund
2) Get out and stay out of debt
3)Pay cash for your car
4) Pay cash for college
5) __________________________?
Build wealth and give
Retire early
Pay someone else's debt off
Build wealth and be selfish
We all have _____ personalities; We can be spenders, savers, or a little bit of both
different
strange
financial
money
As a single young adult, ______ must remain a priority.
managing your money
saving
being cool
not caring about your money
