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Ramsey Classroom Ch. 3 Post Test Answers 100% Correct In order to outpace inflation when investing, your investments need to have a lower rate of return than the rate of inflation. False _______ is a millionaire's best friend. Compound growth The only place you should keep your emergency fund money is... A savings account or money market account Compound interest is earned at a fixed rate, while ________ is an average based on an investment's past performance. Compound growth...

Dave Ramsey Finance Chapter 12 Test with Complete Solutions Usually, the more liquid an asset is (like cash in the bank), the less return you can expect. true false True Be aware of any ____ you might receive, but don't bank on it as a key part of your retirement plan. A. Tax refunds B. Inheritance C. Bonus checks D. Additional work B The three components of compound growth are money, time and ____. A. A large paycheck B. Investments C. Retirement D. Rate of return ...

Dave Ramsey Introduction to Personal Finance Answers Latest Update Graded A+ Pre-Test and Post-Test Answers Question 1 through 35 1. Having debt keeps you from building wealth. True 2. An obligation of repayment owed by one party to a second party. Debt 3. A debt evidenced by a ʺnote,ʺ which specifies the principal amount, interest rate, and date of repayment.. Loan 4. The widespread financial insecurity of Americans is primarily because: The saving rate of Americans is lo...

Dave Ramsey Chapter 3 Questions with Verified Solutions 47% of Americans have less than $1,000 saved for a(n) _________. Emergency You'll have less freedom with your money if you . . . Are paying for things in your past Once you have a $500 emergency fund, you should . . . Save it until you have an emergency The first step you should take when you want to make a large purchase is . . . Decide how much you'll need to save and the time frame you want to save it in The best way...

Dave Ramsey Chapter 6 (Career Readiness) Questions and Answers 100% Pass The best way to make the contribution you were born to make is by doing work ___________. You're passionate about You should always do research about the company you're applying for a job or interviewing with. True An entrepreneur is someone who __________________ Starts and runs their own business The first step in finding your dream job is ___________ Discovering your talents, passions, and values ...

Dave Ramsey Personal Finance Chapter 1 Post Test Study Guide Rated A+ What is the first foundation? Save a $500 emergency fund As a single adult, you should... Keep managing your money as a priority What are the 5 foundations? A personal financial action plan What is the best way to avoid running out of money too quickly? You can make it a habit to plan and set goals for your money Personal finance is all the financial decisions a(n) ___________must make in order to earn, budget, sa...

Ramsey Classroom Chapter 5 Review with Complete Solutions --will often cause you to spend more than you've budgeted for a category. impulse buying You're a victim of-- if someone used your card without your permission. card fraud Your brain uses the-- to process and manage stress responses. amygdala Identifying a specific product by its logo, jingle, or name is called-- brand recognition If you've ever bought something and then felt guilt or regret later, you've experienced ---...

Dave Ramsey Chapter 8 Post-Test Questions With Verified Solutions As the owner of your account, managing your money is ______ responsibility. a.Not your b.Your c.Your parent's d.The banks B It's your responsibility to know about all of the _______ before choosing a bank. a.Fees and services involved b.Employees who work there c.Branch locations d.Options for loans A With certificates of deposit (CDs), you have to pay a penalty for ____________. a.Withdrawing your money e...

Dave Ramsey Test: Chapters 1 & 2 Latest Update Already Passed refers to all the finanical decisions an individual or family must make in order to earn, budget, save and spend money over time personal finance assess your __________ situation (your income, assets, and liabilities financial set money ________! Make sure you have a mix of both short-term and long-term ________. goals you must write out a detailed ______ for accomplishing your goals; This begins with your ___________;...

Dave Ramsey Definitions Latest Update 100% Correct SEPP A retirement plan for self-employed people 457 A deferred compensation plan 401(k) Typical retirement plan found in most companies 403(b) Retirement plan found in non-profit groups (schools, hospitals) Educational Savings Account Save for college by first using this type of account UTMA Used after you max out the ESA Rollover Movement of funds from a tax-deferred retirement plan from one qualified plan or custodian ...