WorksheetsGetting Good with Money Chapters 1-3
Total questions: 10
Worksheet time: 6mins
Tiffany's parents immigrated to the United States from what country
Barbadoes
Ghana
Nigeria
Columbia
Tiffany downfall into financial peril was mainly due to
Borrowing against her mortgage
Taking a cash advance from her credit card
Taking out a personal loan
Maxing out a credit card
At the beginning of the book, Tiffany has managed to save a ton of money. She loses her money due to a scam. What was the scam?
She decided to become a property investor.
She purchased counterfeit items from online boutiques.
Her "friend" tells her to invest in a business using money from her credit card.
She opened up a financial planning business through the United Way.
How long did it take for Tiffany to get out of debt?
10 years
1 year
5 years
7 years
What was Tiffany's career before becoming a financial planner?
An accountant
A teacher
A nonprofit employee
A bank teller
According to "Get Good with Money" the definition of financial wholeness is
when all aspects of your financial life are working together for your greatest good, your biggest benefit, and your richest life.
When your checking account and savings account are balanced.
When you save all of your money
When you have financial accountability
Having multiple savings accounts in one place is a strategic way to accumulate wealth
True
False
When you think about your expenses which expense is not in your control
Utility Bills (based on usage)
Entertainment (example- grooming)
Bills (example mortgage)
Groceries
Examples of ways that you can reduce your expenses include
Skip online shopping
Cancel unused subscriptions
Making a menu list before grocery shopping
Rein in eating out
Each person should strive to have two types of savings accounts which include
Emergency
Goals
Checking
Non-profit
