Wealth Killers Quiz

What is one of the hidden costs of divorce mentioned in the video?

• Increased travel expenses

• Higher education fees

• Refinancing or selling a shared home

• Increased grocery bills

What percentage of married couples in the US sign a prenuptial agreement?

• 15%

• 35%

• 25%

• 50%

Why is buying a new car often considered a poor financial decision?

• New cars have higher maintenance costs

• New cars have higher insurance rates

• New cars depreciate significantly once driven off the lot

• New cars are less fuel-efficient

What is the average monthly car payment for a new vehicle as of Q4 2023?

• $738

• $850

• $600

• $500

What is a common mistake people make when the market is at an all-time high?

• Diversifying their portfolio

• Waiting for the market to cool off

• Selling all their stocks

• Investing more aggressively

What is the impact of missing the best 5 days in the market from 1980 to 2022?

• Gains are reduced by 50%

• No impact on gains

• Gains are reduced by 38%

• Gains are reduced by 10%

How has inflation affected the cost of a Chipotle bowl over the years?

• It has decreased by 10%

• It has increased by 20%

• It has remained the same

• It has increased by 50%

What percentage of gross monthly income should total debt payments not exceed?

• 50%

• 25%

• 35-40%

• 45%

What is the average APR for credit cards as of February 2024?

• 22.63%

• 15.5%

• 25.4%

• 18.9%

What is a potential consequence of being overleveraged with debt?

• Lower interest rates

• Higher investment returns

• Increased savings

• Being forced to sell assets