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Dave Ramsey #1 Introduction to Personal Finance Flashcards | StudBud
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Dave Ramsey #1 Introduction to Personal Finance
Dave Ramsey #1 Introduction to Personal Finance
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What is Personal Finance? Money, the American Way. You & Money.
Flashcards
50 cards
F
Practice quiz
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Host live
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Questions
50
Answers
1
Knowledge & skillset necessary to be informed consumers & manage finances effectively
financial literacy
financial banking
personal finance
business math
2
A basic principle is you must start learning the language of
credit
finance
money
debt
3
A system by which goods and services are produced & distributed
tradition
financial
economy
factors of production
4
Dave Ramsey has his own
on-line show
radio show
tv show
reality tv show
5
At this level you have income & can pay bills & pay yourself first
survival
secure
none of the above
comfort
6
The R in SMART goals stands for
remembering
ritual
reasonable
realistic
7
#1 reason for college dropout is
failing
homesick
not their thing
$ problems
8
The A in SMART goals stands for
answerable
actually
attainable
amicable
9
To do great on this test one should
Just glance at your vocabulary words
Rely on Mrs. Mowls for all your learning
Stay up til 3 a.m. watching Forensic Files
Review & study your Dave Ramsey PDF
10
Being money smart is
5% head knowledge & 95% behavior
10% head knowledge & 19% behavior
20% head knowledge & 80% behavior
30% head knowledge & 70% behavior
11
The T in SMART goals stands for
tense
timely
tedious
tempting
12
For being money smart, One needs to be comfortable with
basic writing skills
basic math skills
basic reading skills
basic computer skills
13
____ out of 10 Americans live paycheck to paycheck
4
7
5
6
14
The #1 reason for divorce is
finances
children
communication
in-laws
15
A fee paid by a borrower to the lender for the use of borrowed $
equity
interest
coverage
capital
16
The best way to manage money is to learn to manage
yourself
your friends
your siblings
your parents
17
At the level your finances works that your wealth generates income
none of the above
comfort
secure
survival
18
Installment payments that have a fixed number of payments is known as
revolving credit
turn around credit
circular credit
fixed credit
19
To become money smart you need to be
comfortable with stocks
none are correct
comfortable with basic math
comfortable with banking
20
This is class is one of the most important you'll ever take
bread baking
personal finance
creative writing
japanese
21
After the post-war of WW II the middle class bought this "dream" with consumer credit
Owning a business
United States
American
Home Ownership
22
All the decisions & activities of an individual or family regarding their $
personal budget
personal saving
personal learning
personal finance
23
People who offer loans at extremely high interest rates are called
loan tigers
loan rats
loan sharks
loan lions
24
Dave Ramsey has his own
island
talk show
radio show
tv show
25
Dave had his first job doing what?
mowing lawns
washing cars
delivering newspapers
washing dishes
26
Dave's first finance class started in a
church
coffee shop
library
his house
27
Everyone has their own money ___ that is shaped by their ___________
values/friends
identification/memories
personality/values
conscious/experiences
28
We are taught that debt is
unusual
innovative
normal
complicated
29
Dave made his first millions by selling
high-end cars
yachts
stocks
real estate
30
The M in SMART goals stands for
minature
meaningless
missing
measureable
31
The S in the SMART goals stand for:
situational
shady
specific
special
32
A person or organization that uses a product or a service.
Crier
Consumer
Customer
Collector
33
The hardest part of becoming money smart if to manage your __________________ with money
behavior
love
thinking
learning
34
Who is responsible for your financial success?
classes
you
parents
internet
35
The granting a loan & thereby creating debt as a deferred (pay later) payment
debt
risk
credit
asset
36
One needs to be
money smart
practical smart
marketing smart
book smart
37
Normal is being
confused
rich
happy
broke
38
Winning at money is
70% behavior & 30% head knowledge
80% behavior & 20% head knowledge
60% behavior & 40% head knowledge
50% behavior & 50% head knowledge
39
The decline into debt for the American people skyrocketed after
1980
1950
1970
19990
40
The hardest part you need to learn is to how to manage your _____________with money
attitude
thinking
behavior
learning
41
Dave Ramsey made his first fortune in
banking
real estate
medical sales
computers
42
This book written by Dave Ramsey and many people today ready & follow its principles
Financial Peace
Financial Highway
Financial Blessings
Financial Wealth
43
A mortgage is another name for a
house payment
property payment
credit card payment
car payment
44
This war fueled an economic recovery
WWI
Desert Storm
WWII
Vietnam
45
Money or the lack of money can affect the way we feel about
our relationships
our resources
ourselves
our status
46
Average credit debt per family is
$2000
$7000
$5000
$10,000
47
Dave Ramsey says change starts with the
money you give away
money you invest
people in your life
man in the mirror
48
You must start learning the language of
credit
debt
money
banking
49
This is an obligation of repayment owned by one party to another
credit
interest
loan
debt
50
At this level there is income & bills & you live paycheck to paycheck
secure
survival
none of the above
comfort
