futres

Question 1

What is The Fifth Foundation?

Answer 1

The Fifth Foundation: Build wealth and be outrageously generous

Question 2

An important money principle to consider is that you should _____ and _____ your money.

Question 3

You are either only a natural saver or a natural spender. You cannot have a balance of both.

Question 4

As a single adult, you should .

Question 5

Being a spender has many more positives than being a saver.

Question 6

What is the best way to avoid running out of money too quickly?

Question 7

What is The First Foundation?

Question 8

Your money personality impacts . . .

Question 9

To know your net worth, subtract your liabilities from your _____.

Question 10

Savers have a tendency to be . . .

Question 11

What does living paycheck to paycheck mean?

Question 12

Personal finance is 20% _______ and 80% _______.

Question 13

Without any debt, you can be outrageously _______.

Question 14

When you set financial goals, they should be . .

Question 15

Using credit has not always been a socially accepted practice, but it has become . . .
Normal in American culture

Question 16

gain an understanding of your personal finances, you should know . . .

Question 17

Banks got into the credit business before 1920 because charging exceptionally high interest rates was legal.

Question 18

Personal finance is all the financial decisions a(n) _______ must make in order to earn, budget, save, spend, and give money over time.

Question 19

A money principle to keep in mind is to live on _______ you make.

Question 20

Avoiding debt can lead to financial freedom and hope.

Question 21

What are The Five Foundations?

Question 22

In 1972, what association made borrowing money to attend college much easier than it had been?

Question 23

Making the right choices with your money—managing your money—involves knowing how . . .

Question 24

Franklin D. Roosevelt passed the New Deal because of the Great Depression in the 1930s. What was the purpose of this program?

Question 25

It is possible to pay for college with cash.

Question 26

If your assets total more than your liabilities, you will have a(n) _____ net worth.

Question 27

After World War I, the demand for products increased, and people began getting credit without loan sharks. Because of this, credit…

Question 28

A _____ financial goal takes up to two years to reach.

Question 29

You should always make sure you have a…

Question 30

What is financial literacy?