Principles for Building Wealth
Authored by DAVID NEWCOMB
Other
12th Grade
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the first money principle mentioned in the text?
Checking bank accounts daily
Investing without studying
Using debit cards
Being soft about money
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to check bank accounts every day?
To avoid spending too much money
To track fluctuations in finances
To increase credit card payments
To save money faster
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the second money principle discussed?
Investing without studying
Saving in lump sums
Using debit cards
Being soft about money
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it recommended to study investing before investing money?
To avoid losing money
To understand tax implications
To build wealth quickly
To obtain high returns
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the third money principle mentioned?
Using debit cards
Investing in lump sums
Saving in emergency accounts
Being tough around money
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why should an emergency account only grow bigger?
To help family members financially
To invest in high-return opportunities
To handle personal financial hardships
To pay off credit card debts
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the fourth money rule discussed?
Saving in lump sums
Being tough around money
Using credit cards
Avoiding debt
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