Dave Ramsey Personal Finance - unit 1

True financial security is achieved when your money begins to generate an income—your money starts working for you.

Most Americans today are wealthy and will have financial security when they retire.

Most Americans avoid the use of credit when it comes to buying big-ticket items like a car or furniture for their home.

Every one should have the same financial plan

The same budget should work for everyone

A period of temporary economic decline during which trade and industrial activity are reduced; generally identified by a

Credit is marketed so well that we desire to have it:dimissing the fact that interest rates and fees hurt us financially

 Assessing your current financial situation includes your income, assets, and liabilities.

When it comes to personal finance, the math is easy. Whatʹs challenging is managing your ___________.

Buying things on credit has become acceptable in our culture.

Personal financial success is primarily the result of

A person or business that offers loans at extremely high interest rates

Which of the following statements best explains why income alone does not determine wealth?

Which of the following best explains why students should learn about personal finance?

Learning the language of money is not that important because you will be able to depend on financial planners to manage

An obligation of repayment owed by one party to a second party

Having debt keeps you from building wealth

Which of the following is a consequence of spending more than you make?

Which of the following is not a true statement?

The knowledge and skillset necessary to be an informed consumer and manage finances effectively