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chap 4 dave ramsey

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Question
Answer
show 70%  
🗑
show myth, truth  
🗑
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
🗑
show folly  
🗑
show jc penney jc penney  
🗑
_________ hated debt and would not offer credit on cars for___ years after general motors began offering credit   show
🗑
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
🗑
west coast bank of america issued a little piece of plastic called the _________ to its customers later that year ______ ______ was born   show
🗑
show visa  
🗑
1970: only _____ of american owned credit cards   show
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show loan; destroyed  
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show cosign; repay  
🗑
show cash advance; services; owners  
🗑
80% of millionaires in america are first generation _____. that means they started out with nothing, did smart stuff, and become _____ thats the opposite of what were talking about here   show
🗑
show lottery; rich; tax  
🗑
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
🗑
Myth 5 Myth: ___ payments are a way of life and youll always have one Truth: staying away from car payments by driving reliable used cars is what the typical _______ does that is how they became millionaires   show
🗑
the average car payment today is____ per month over 64 months   show
🗑
show leasing, leasing, expensive  
🗑
myth 7 myth: you can get a good deal on a ____ car truth: a new car loses ___ of its value in the first four years this is the largest purchase most consumers make that goes down in value   show
🗑
myth 8 myth: ill take out a 30year mortgage pay ___ truth: life happens and something else will always seem more important. never take out more than a ___ year fixed mortgage   show
🗑
show 15 year mortgage  
🗑
show ARM or balloon; foreclose  
🗑
show bank; risk  
🗑
myth 10 myth: you need a ______ to rent a car or make ____ online or by phone truth: a ___ card does all that   show
🗑
show credit card; 12-18%  
🗑
show teenager; target  
🗑
show consolidation; debt  
🗑
myth 14 myth: debt ____ saves interest and you get a smaller ____ truth: debt consolidaion is a _____   show
🗑
you will stick to the same card forever   show
🗑
show interest  
🗑
show borrow  
🗑
_______ payments equal more ___ in debt   show
🗑
myth 15 myth: debt is a ____ it should be used to create prosperity truth: the________ is slave to the lender   show
🗑
show 75%; debt free  
🗑
quit ____ more _____!   show
🗑
show save  
🗑
______ something   show
🗑
part time ___ or ____ (temporarily)   show
🗑
use the ______ _________ it is where you list all your debts to pay them off   show
🗑
show ride off  
🗑
the way to _______ the money lost on things that go down in value is to buy slightly _______   show
🗑
show $8,400  
🗑
show 80%  
🗑


   

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