Dave Ramsey Chapter 1 Money Review with Verified Solutions

Dave Ramsey Chapter 1 Money Review with Verified Solutions sinking fund saving money for a purchase and letting the interest work for you rather than against you. amoral money is neither good nor bad. money market emergency fund goes here. compound interest interest on interest. murphys law if it can go wrong it will; unexpected events. baby step 1 $500/$1000 in an emergency fund. baby step 3 3-6 months of expenses. key to wealth building discipline for most people a fully-funded emergency fund will be about ? $10,000-15,000 compound interest ben and arthur illustrate this principle. baby steps 1 & 3 deal with ? saving and an emergency fund. what should you save for ? emergency fund purchases and wealth building. how many baby steps are there ? 7 saving is about ____ and ____ ? contentment and emotion. PACs what does it stand for ? Pre-Authorized Checking. It helps build discipline when saving too. ben and arthur illustrate the principal of compound interest. true. daves 80/20 rule says when it comes to money 80% is head knowledge and 20% is behavior. false. your income level affects your savings habits. false. interest is money paid to a saver by a financial institution. true. the correct order for using your money is: pay