Ch.1 Total money makeover challenge 1-9

Question 1

you don’t have time NOT to work on…

Answer 1

Budget, retirement plan, estate plan

Question 2

what percent is behavior and head knowledge?

Answer 2

80% behavior and 20% head knowledge

Question 3

If you live like no one else you…

Answer 3

can live like no one else

Question 4

you will win and..

Answer 4

the payoff will be worth the cost

Question 5

what is warranty?

Answer 5

a promise by a seller to repair/ replace product if not met by certain standards; included in products price and protects the buyer

Question 6

is low interest over long periods of time good or bad?

Answer 6

Is NOT good. can lead to economic distortions, including increased debt, inflated asset prices, misallocation of resources, and lower productivity, potentially hindering long-term economic growth and stability

Question 7

The money makeover requires…

Answer 7

sacrifice and discipline

Question 8

what does your money need to do?

Answer 8

your money needs to work for you not lie around

Question 9

don’t talk until it’s done..

Answer 9

prove it!

Question 10

stay uncomfortable to..

Answer 10

become comfortable