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Chapter 1 - Dave Ramsey Flashcards | StudBud
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Chapter 1 - Dave Ramsey
Chapter 1 - Dave Ramsey
15 terms
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StudBud Administration
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111 plays
Money Management
Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
Is Santa real?
Yes
I hope so.
Maybe
No
2
A system by which goods and services are produced and distributed.
Personal Finance
Financial Literacy
Credit
Economy
3
True or False: Many Americans are buried in debt.
False
True
4
Money is a ______. It's up to you to manage it.
Drug
Piece of paper
Tool
Honor
5
How long did debt cause Dave to lose everything?
One and a half years
One year
Two years
Two and a half years
6
How old was Dave when he had an estate worth more than $4 million?
25 years old
24 years old
26 years old
23 years old
7
What are the three levels of financial well-being?
Survival, Planning, Secure
Survival, Comfort, Secure
Level 1, Level 2, Level 3
Secure, Survival, Kindness
8
You need to learn how to manage your ________ with money.
Behavior
Collecting
Spending
Conduct
9
How many years of experience does Dave have with counseling people with their money?
Just 5
Over 20
Over 15
Over 30
10
A fee paid by a borrower to the lender for the use of borrowed money.
Credit
Loan
Debt
Economy
11
Replace money _____ with money truths.
Truths
Myths
Spending
Lies
12
A person or organization that buys/uses goods or services.
Loan
Interest
Debt
Consumer
13
Most Americans are very wealthy and will have financial security when they retire.
Agree
Disagree
14
You need to be comfortable with ________________.
Complicated Math
Basic Math
Basic Science
Complicated Science
15
The granting of a loan and the creation of a debt; any form of deferred payment.
Consumer
Credit
Interest
Financial Literacy