Dave Ramsey Mid-Term Exam Questions and Answers

Dave Ramsey Mid-Term Exam Questions and Answers Baby Step one to financial peace is to have how much money in an emergency fund? - Answer️️ -$1,000 Baby Step three is to have expense for how long in a fully funded emergency fund? - Answer️️ -3-6 months What is the key ingredient to wealth building? - Answer️️ -discipline Put the following in the correct order of priorities: invest, give, save - Answer️️ -give, save, invest When discussing investing, what word refers to the availability of your money? - Answer️️ -liquidity Give one reason why mutual funds are a good investment. - Answer️️ -pooled money diversified What word refers to a list of your investments? - Answer️️ -portfolio We should share our "windfalls" with God. What is a "windfall?" - Answer️️ - unexpected money You should save money for what three basic reasons? - Answer️️ -emergency fund purchases wealth building