Chapter 1-Dave Ramsey Expected Questions and Verified
Answers (2026-2027)
Question 1.
Assess your_____ situation (your income, assets and liabilities)
Correct Answer: Financial
Question 2.
Set money ____! Make sure you have a mix of both short and long term goals!
Correct Answer: Goals
Question 3.
You must write out a detailed____ for accomplishing your goals. This begins with a budget.
Correct Answer: Plan
Question 4.
____ Your plan! This involve discipline and perseverance.
Correct Answer: Execute
Question 5.
Know your money ____
Correct Answer: Personality
Question 6.
Regularly ____ and reassess your financial plan
Correct Answer: Monitor
Question 7.
Replace money ____ with Money Truths
Correct Answer: Myths
Question 8.
Advertisements that are geared toward selling new cars or expensive items have the
slogan
Correct Answer: Buy Now Pay Later
, Question 9.
The American reality is that...
Correct Answer: Most Americans try to live lifestyles they cannot afford and
thus go into debt by spending more than they make
Question 10.
You don't have to spend more ____ than you make to impress your friends but rather learn
basic money principles then put them into action
Correct Answer: Money
Question 11.
When you manage money well, you'll experience deeper ____
Correct Answer: Satisfaction
Question 12.
Personal finance is 80% ____ and 20%____
Correct Answer: Behavior, Head Knowledge
Question 13.
Money ____ is easy, it's controlling your ____ that's the real challenge
Correct Answer: Math, Behavior
Question 14.
Remember the normal American family and that normal is ____
Correct Answer: Broke
Question 15.
Students expressed ____, ____, ____, and ____ when discussing money
Correct Answer: Frustration, Role Models, Pragmatic, and that money isn't
everything
Question 16.
We like ____-Lots of stuff
Correct Answer: Stuff
Answers (2026-2027)
Question 1.
Assess your_____ situation (your income, assets and liabilities)
Correct Answer: Financial
Question 2.
Set money ____! Make sure you have a mix of both short and long term goals!
Correct Answer: Goals
Question 3.
You must write out a detailed____ for accomplishing your goals. This begins with a budget.
Correct Answer: Plan
Question 4.
____ Your plan! This involve discipline and perseverance.
Correct Answer: Execute
Question 5.
Know your money ____
Correct Answer: Personality
Question 6.
Regularly ____ and reassess your financial plan
Correct Answer: Monitor
Question 7.
Replace money ____ with Money Truths
Correct Answer: Myths
Question 8.
Advertisements that are geared toward selling new cars or expensive items have the
slogan
Correct Answer: Buy Now Pay Later
, Question 9.
The American reality is that...
Correct Answer: Most Americans try to live lifestyles they cannot afford and
thus go into debt by spending more than they make
Question 10.
You don't have to spend more ____ than you make to impress your friends but rather learn
basic money principles then put them into action
Correct Answer: Money
Question 11.
When you manage money well, you'll experience deeper ____
Correct Answer: Satisfaction
Question 12.
Personal finance is 80% ____ and 20%____
Correct Answer: Behavior, Head Knowledge
Question 13.
Money ____ is easy, it's controlling your ____ that's the real challenge
Correct Answer: Math, Behavior
Question 14.
Remember the normal American family and that normal is ____
Correct Answer: Broke
Question 15.
Students expressed ____, ____, ____, and ____ when discussing money
Correct Answer: Frustration, Role Models, Pragmatic, and that money isn't
everything
Question 16.
We like ____-Lots of stuff
Correct Answer: Stuff