Dave Ramsey 1.2 Quiz

Prior to the 1970’s, debt was something most Americans were ashamed of.

• True

• False

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Credit cards and car loans are a GREAT idea for most people.

• True

• False

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A lot of people you think “look” wealthy are completely broke.

• True

• False

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The average student loan debt is about

• $30,000

• $12,000

• $18,000

• $6,000

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Personal finance is ____% behavior and ____% knowledge.

• 50, 50

• 80, 20

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In America, being “normal” is ______.

• wealthy

• broke

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20 years ago, Dave Ramsey was ________.

• Rich

• Bankrupt

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At age 26 Dave Ramsey had a net worth more than ____.

• $500,000

• $1 Million

• $4 Million

• $3 Million

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After losing everything, Dave Ramsey went on a quest to find out how money really works and how he could get control of it. Now he is ____________.

• A multi-millionaire, financial expert and educator

• Broke, busted and disgusted

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The reason debt has become a problem in America is because

• loaning money became profitable for banks and other businesses

• Americans are forced to get loans.

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