The Five Foundations
Saving & Budgeting
Debt & Spending
Investing & Giving
Jobs and Taxes
100
this is the First Foundation
What is Save a $500 Emergency Fund
100
This concept is illustrated by the story of Ben and Arthur
What is the power of compound interest?
100
Dave Ramsey recommends that if you are going to borrow money to buy a house, you should get one of these
What is a 15-year mortgage?
100
This investment is made up of a pool of money managed by an investment company and invested in multiple companies.
What is a mutual fund?
100
This document is a brief account of a person's education and work experience and qualifications.
What is a resume?
200
This is the Second Foundation
What is Get Out of Debt
200
This is the type of budget you should make
What is a zero-based budget?
200
The Bible tells us that this is slave to the lender
What is the borrower?
200
This type of investment carries an extremely high degree of risk because it ignores diversification.
What is a single stock?
200
This document should always accompany a resume.
What is a cover letter?
300
This is the third foundation
What is Pay Cash for your Car
300
This is how often you should make a budget
What is every month?
300
Dave Ramsey teaches that you should never use this
What is a credit card?
300
If the company you work for offers this retirement plan, you should put money into it regularly
What is a 401K plan?
300
This tax on your income pays for benefits that workers and families receive as either Social Security or Medicare.
What is FICA?
400
This is the fourth foundation
What is Pay Cash for College
400
How you handle your money will affect this
What is your relationships?
400
This is when you wake up the day after a purchase and regret it
What is buyer's remorse?
400
These organizations use the money they "earn" to achieve their goals rather than distributing it as profit.
What is a non-profit (or charity)?
400
This is the process by which we market ourselves to others; it involves highlighting personal strengths, interests and unique qualities, as well as identifying goals
What is Personal Branding
500
This is the fifth foundation
What is Build Wealth and Give
500
This is a way to save when you know you have a large purchase coming up
What is a sinking fund?
500
This is the fastest-growing white collar crime in America, and you should protect yourself against it
What is identity theft?
500
These are traits or qualities that represent a person's highest priorities, deeply held beliefs and motivating forces
What are core values?
500
Before attending a job interview, you should always do this.
What is research the company?
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