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