- Study guides, Class notes & Summaries

Dave Ramsey Chapter 11 Questions and Answers Latest Version Graded A+ What is the importance of starting to save for retirement as early as possible? It allows your money to grow over time through compound interest. How does compound interest work? It means your interest earns interest on itself, accelerating your growth. Why is it a good idea to invest in retirement accounts even if you’re young? The earlier you invest, the more your money can grow before you retire. What i...

Dave Ramsey Chapter 11 Questions and Answers Latest Version 100% Pass What type of insurance is necessary for protecting your home in case of damage? Homeowners insurance Why is disability insurance important? It provides income if you’re unable to work due to illness or injury How does life insurance benefit your family? It provides financial support to your loved ones in the event of your death What is an emergency fund, and why is it important? It’s money set aside fo...