Chapter 1

Question 0

is amoral.

Answer 0

Money

Question 1

place your emergency fund in this type of account.

Answer 1

Money Market

Question 2

you can almost always negotiate a better deal.

Answer 2

When you pay cash

Question 3

does matter when making an investment.

Answer 3

Interest Rate

Question 4

The percentage by which your money grosw is called the ____________________.

Answer 4

Rate of Return

Question 5

if something can go wrong it will.

Answer 5

Murphy’s Law

Question 6

the state of owing something (especially money)

Answer 6

Debt

Question 7

withdrawals is a good way to build in discipline.

Answer 7

Pre-Authorized Checking

Question 8

first.

Answer 8

Pay yourself

Question 9

saving money for a specific purpose to allow interest to work for you rather than against you.

Answer 9

Sinking Fund

Question 10

savings must become a ____________.

Answer 10

Priority

Question 11

Invest 15% of your household income into Roth IRA’s and retirement

Answer 11

Step 4

Question 12

3-6 months expenses in savings

Answer 12

Step 3

Question 13

pay off all debt except house

Answer 13

Step 2

Question 14

College Funding

Answer 14

Step 5

Question 15

Pay off your home early

Answer 15

Step 6

Question 16

contentment and emotion.

Answer 16

Savings is about

Question 17

interest that is earned on both the initial amount and the previously earned interest.

Answer 17

Compound Interest

Question 18

Build wealth and give!

Answer 18

Step 7

Question 19

$1000 in an emergency fund (or $500 if you make less than $20,000/year)

Answer 19

Baby Step 1