chap 4 dave ramsey
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show | 70%
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show | myth, truth
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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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show | jc penney jc penney
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_________ hated debt and would not offer credit on cars for___ years after general motors began offering credit | show 🗑
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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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west coast bank of america issued a little piece of plastic called the _________ to its customers later that year ______ ______ was born | show 🗑
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show | visa
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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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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 🗑
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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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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 🗑
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the average car payment today is____ per month over 64 months | show 🗑
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show | leasing, leasing, expensive
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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 🗑
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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 🗑
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show | 15 year mortgage
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show | ARM or balloon; foreclose
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show | bank; risk
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myth 10 myth: you need a ______ to rent a car or make ____ online or by phone truth: a ___ card does all that | show 🗑
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show | credit card; 12-18%
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show | teenager; target
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show | consolidation; debt
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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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you will stick to the same card forever | show 🗑
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show | interest
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show | borrow
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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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show | 75%; debt free
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quit ____ more _____! | show 🗑
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show | save
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______ something | show 🗑
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part time ___ or ____ (temporarily) | show 🗑
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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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show | $8,400
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show | 80%
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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.
To hide a column, click on the column name.
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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.
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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