Miscellaneous
To owe more money on something than it is worth
What is being upside-down in a loan?
Dave Ramsey says you should always do this when buying a car.
What is pay cash for your cars?
This type of tax is also called a luxury tax, it is collected on things like gasoline, airplane tickets and cigarettes.
What is an excise tax?
After you meet your insurance deductible, this is a set amount of money you pay for prescriptions, doctor's visits and other medical procedures.
What is a co-payment?
An upward stock market trend.
What is a Bull Market?
A quality of being honest and having strong moral principles.
What is integrity?
The Second Foundation according to Dave Ramsey.
What is get out of debt?
Some states collect this type of income tax which you owe the state in ADDITION to owing the IRS federal income tax.
You should never buy this type of insurance, because you would never have a credit card.
What is credit card protection insurance?
Some examples of these types of investments include corn, orange juice, silver, and uranium.
What is a commodity?
A public sale in which goods or property are sold to the highest bidder.
What is an auction?
This foundation is important because life has unexpected surprises.
What is save a $500 emergency fund?
A federal insurance program funded by taxpayer dollars that provides benefits to people who are retired or disabled.
What is social security ?
You should not buy this type of insurance because term life insurance covers this type of event.
What is accidental death insurance?
The name of investments that helps a company finance their debt, opposite of stocks.
What is a bond?
When your parent or another person signs a loan with you, it is called
A co-signer or co-signing:
When you accomplished the first 4 foundations, you should do this
What is build wealth and give?
Benjamin Franklin said "only 2 things in life are certain, Death and _____"
What are taxes?
Don't by this type of insurance on your home loan; your term life insurance policy should cover the rest of your mortgage if you die.
What is Mortgage life insurance?
a sum of money paid regularly (typically quarterly) by a company to its shareholders out of its profits
What is a dividend?
Dave Ramsey says this and other types of gambling are a tax on the poor.
What is a lottery?
You shouldn't take out school loans, instead you should
What is pay cash for college?
FICA tax is taken out of your paycheck and covers Social Security and this federal program.
What is Medicare?
This insurance pays for all CAR accident related medical costs or you and your family for up to 3 years after a car accident.
What is medical payment coverage?
These types of funds are an excellent choice to for a diversified stock portfolio.
What are mutual funds?