I Will Teach You To Be Rich

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10 points

In this book “fixed costs” means?

the amount you don’t pay

none of these

the amounts you must pay

the amount you want to pay

10 points

One Don’t is to:

Calculate total cost of ownership

Investigate Recent Graduate Incentive Plans

Stretch your budget for a car

Buy a car that will last you 10 years

10 points

The book teaches that, it’s better to make mistakes now with a little bit money, so when you have more, you’ll know what to avoid.

True

False

10 points

Having money in at least ____ separate accounts makes money management easy.

10 points

A 401 (k) is a retirement account for long-term investments, not a checking or savings account.

True

False

10 points

_____percent of America’s Millionaires are first-generation affluent, meaning their parents weren’t rich.

Seventy-Five

Twenty-Five

Eighty

Fifty

10 points

Ramit tells readers to forget budgeting and create a “ ___________________”.

Conscious Spending Plan

Don’t Spend Plan

Budgeting Spending Plan

Let’s not Budget Plan

10 points

What is one of the Six Commandments of Credit Cards?

Never negotiate a low APR, It’s a waste of time

Never use credit cards

Keep your cards for a long time and keep them active

Don’t trust credit cards

10 points

Experts do not always know what’s best for you. The book teaches us that ________ of fifty advisory firms continued to advise investors to buy or hold shares in the companies up to the date the companies filed for bankruptcy.

fifty

twenty

only three

forty-seven

10.

10 points

On week four what is the third step on the action steps?

Optimize your spending

Maintain your Conscious Spending Plan

Figure out what your Conscious Spending Plan should look like

Pick your big wins

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