- True or False. Adding fudge factors to discount rates undervalues long-lived projects compared with quick-payoff projects.
- Being a spender has many more positives than being a saver. True or False?
- Avoiding debt can lead to financial freedom and hope. True or False?
- The amount of interest charged on debt but not yet collected is called....
- The primary reason people don't budget is because they lack the behavior to stick to a budget.
- ______________ is a millionaire's best friend.
- 90% of millionaires make over $100,000 a year. True or False?
- Commission is when you make money based on the percentage of _____.
- The top three careers reported among millionaire's were_______,_________, and _________.
- Debt is a tool to use to make you wealthy. True or False?
- You should budget in this order: giving, savings, spending. True or False?
- If people saved the equivalent of a car payment each month for a year or two (instead of spending it on payments and interest), they could have enough money to buy a car with cash for much cheaper! True or False?
- In order to outpace inflation when investing , your investments need to have a lower rate of return than the rate of inflation. True or False?
- If you get married, only one person is responsible for budgeting. True or False?
- Compound interest is earned at a fixed rate, while _________ is an average based on investment's past performance.
- Your monthly rent payment is an example of a variable expense. True or False?
- Which of the these would count as a legitimate reason to use your emergency fund?A. You forgot to budget for your mom's birthday giftB. You have a fancy event coming up but you already spent all your clothing budget categoryC. The smartphone you've wanted just went on saleD. Your car battery died
- Net income is the amount you get paid before taxes. True or False?
- When is it the right time to start creating and living by a budget?
- What is a way to stay accountable to reaching your financial goals?