chap 4 dave ramsey
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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show | 70%
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when it comes to debt if you tell a lie or spread a _____ long, enough, eventually it becomes accepted as the ____ | show 🗑
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debt has been ____ to us with such intensity for so long that to imagine living without it requires a complete _____ shift, a completely new way of looking at things | show 🗑
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show | folly
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_____ didnt believe in debt and would not allow credit to be given in his stores. It wasnt until after his death in 1971 that credit was widely accepted in ______ stores | show 🗑
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show | henry ford, 10 years
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established partenships with several new york city restraunts and his goal was to allow patrons the ability to pay for meals with a single payment card the first credit card | show 🗑
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show | bankamericard; american express
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in 1976, bankamericard changed its name to _____ | show 🗑
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1970: only _____ of american owned credit cards | show 🗑
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show | loan; destroyed
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show | cosign; repay
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show | cash advance; services; owners
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show | rich; millionaires
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show | lottery; rich; tax
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texas tech university did a study on the texas lottery and found that people without a high school dimploma spent an average ____ a month playing the lottery.college graduates spen ____ a month on average | show 🗑
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show | car; millionaire
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the average car payment today is____ per month over 64 months | show 🗑
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myth 6 myth: _____ you car is what sophisticated financial people do. you should always lease things that go down in value there are tax advantages truth: many reports will tell you that the car ____ is the most ___ way to finance and operate a vehicle | show 🗑
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show | new, 70%
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show | extra, 15 year
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show | 15 year mortgage
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show | ARM or balloon; foreclose
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The adjustable rate mortgage is here to keep the ___ from losing money it transfers the ____ of higher interest rates to you | show 🗑
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show | credit card; purchases; debit card
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myth 11 myth: i pay my ____ off every month with no annual payment or fee. i get brownie points, airm miles and a free hat truth: when you use cash instead of plastic you spend ____ less because spending cash hurts | show 🗑
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myth 12 myth: ill make sure my ___ gets a credit card so he or she can learn to be responsible with money truth: teens are a huge _____ of credit card companies today | show 🗑
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myth 13 myth: the home equity loan is good for _______ and is a substitute for the emergency fund truth: you dont go into ____ for emergencies | show 🗑
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myth 14 myth: debt ____ saves interest and you get a smaller ____ truth: debt consolidaion is a _____ | show 🗑
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show | brand loyalty
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show | interest
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you cannot _____ your way out of debt | show 🗑
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_______ payments equal more ___ in debt | show 🗑
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myth 15 myth: debt is a ____ it should be used to create prosperity truth: the________ is slave to the lender | show 🗑
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when surveyed the forbes 400 were asked, what is the most important key to building wealth? ____ replied that becoming and staying ___ free was the nymber one key to wealth | show 🗑
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show | borrowing; money
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you must ____ money | show 🗑
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show | sell
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show | job; overtime
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use the ______ _________ it is where you list all your debts to pay them off | show 🗑
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show | ride off
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the way to _______ the money lost on things that go down in value is to buy slightly _______ | show 🗑
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on average a $28,000 car will be worth what in four years? | show 🗑
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about _____ of college graduates have credit card debt before they get a job | show 🗑
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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