When You Need Money!
Economics of renting
Used Cars
Money Management
Richest Man in Babylon
100

The grade/description of a 650 credit score.

What is fair?

100

The impact on rental prices of California building an additional 50,000 homes a year.

What is lowering rent prices?

100

This percentage is a suggested monthly car payment.

What is 10%?

100

According to Dave Ramsey, this line in the budget isn't available until the emergency fund is filled.

What is entertainment?

100

George Clason, the author of the Richest Man in Babylon, gives this first piece of advice about how much someone should set aside for themselves so they can increase their wealth.

What is 10%?

200

The grade/description of a 700 credit score.

What is good?

200

This credit score is generally sufficient to rent a good apartment.

What is 700?

200

This determines your ability to negotiate the price of a car?

What is your credit score?

200

Terrence earns $20 an hour and multiplies that by 2080 to get  $41,600 a year.  He divides that number by 12.   This is the step Terrence has forgotten to put together an accurate budget.

What is "income tax"?

200

In the Richest Man in Babylon, Arkad tells stories so that others can learn lessons.  In one particular story about debt repayment, the advice was to set aside this percentage of money to reduce your debts.

What is 20%?

300

This determines your eligibility for better interest rates.

What is a credit score?

300

The good roommate will primarily do this.

What is, pay their part of the rent?

300

In terms of buying a used car, this is the ideal financial situation.

What is "Not having to borrow or being able to pay the entire cost at once in cash/check"?

300

Dave Ramsey suggests that if your car payment is greater than 10% of your take home pay, you should do this.

What is sell your car and buy something within your budget?

300

This is the 5th cure for a lean purse.

What is, "Make your home a profitable investment" or Buy your own home?

400

The credit score for a person who just turned 18 years old.

What is 0?

400

This person(s) is ultimately responsible for the payment of rent.

Who is the lease holder or whoever signed the lease?

400

This is generally the lowest interest rate you will have on a used car.

What is 3%?

400

The "Basic Expenses" include these four categories.

What are groceries/food, utilities, car maintenance/gasoline, and basic healthcare?

400

Increasing your earning potential was this numbered cure for a lean purse.

What is the 7th cure?

500

Applying for a credit card has this impact on your credit score.

What is lowering it?

500

This would be the income requirement for a deluxe $5,000 a month apartment.

What is $15,000 a month?

500

This is generally the highest interest rate you will have on a used car.

What is 15%?

500

George Clason, the author of "The Richest Man in Babylon" says that the 10% you pay yourself with should be used for this purpose.

What is to make more money?

500

This is the 5th law of Gold from "The Richest Man in Babylon".

What is, "Gold flees from people who try to do impossible things with it"?