Chapter 1 Dave Ramsey Updated Actual Questions and Correct Answers ()

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