Dave & Rachel Quotes
"_______ like no one else, so that later you can _____ like no one else."
Live
What is baby step number 1?
$1,000 Emergency Fund
What animal does Dave say we should be like to get out of debt?
Gazelle
What kind of credit cards are the worst?
Store specific credit cards
Dave says you should you pay off all debt using the debt ________?
Snowball
"Your _____ is your most powerful wealth - building tool." - Dave Ramsey
Income
What is baby step number 2?
Pay off all debt, except for the house
What children's book does David recommend we learn the lesson of slow and steady wins the race?
The Tortoise and the Hare
What's makes up most of your FICO score?
Pay all of your bills on time (35% of score)
Which baby step is the easiest and the hardest step?
Baby Step #1
"The ______ at your house feels different when you own it." - Dave Ramsey
Grass
What are baby steps number 4 and 5?
4 - Save 3-6 months of Expenses (Fully funded emergency fund)
5 - Invest 15% of your Household income in Retirement
If you don't have a credit score, you can go to the bank and have them do _________ _________ to find out if they will approve you for a loan.
Manuel Underwriting
A FICO Score is comprised of 5 things. Name 2 of them.
Your payment history
Debt levels
Length of history
The type of credit
New credit
What is the purpose of insurance?
To transfer risk
"__________ protects the things that make you wealthy." - Dave Ramsey
Insurance
What are baby steps number 5 and 6?
5 - Save for your children's college fund
6 - Pay off your home early
What part of your body does Dr. Delony use to explain how marketers can persuade you to buy from them.
The Brain
Put _________ of the credit card’s limit on the card every month.
10%-30%
______ _______ are where investors pool their money to invest.
Mutual Funds
"Goals are dreams with ______ _____ on." - Dave Ramsey
Work boots
What are the 7 baby steps?
1 - Save $1,000 emergency fund
2 - Pay off all debt (Except for the house)
3 - Save 3-6 months of expenses
4 - Invest 15% of your household income in retirement
5 - Save for your children's college fund
6 - Pay off your home early
7 - Build wealth and give
Name all four speakers in the videos.
1. Dave Ramsey
2. Rachel Cruze
3. Dr. John Delony
4. George Kamel
Many credit experts say you should keep your _________ _________ _______ — the percentage of your total credit that you use — below 30% to maintain a good or excellent credit score.
Credit Utilization Ratio (CUR)
_______ beats Roth. Roth beats _________.
Match beats Roth. Roth beats traditional.