Q 01/05

Dave Ramsey urges people to flee debt with the intensity of which animal, an image from the Book of Proverbs?

A) Cheetah

B) Gazelle

C) Greyhound

D) Jackrabbit

Answer · why

B) Gazelle

Gazelle intensity is his phrase for running from debt as if your life depends on it. He coined it after reading a proverb about escaping the hand of t...

Q 02/05

Which Dave Ramsey method pays off the smallest balance first and ignores interest rates to build momentum?

A) Debt avalanche

B) Debt stacking

C) Debt snowball

D) Debt consolidation

Answer · why

C) Debt snowball

Debt snowball payments roll from each cleared balance into the next one. The rival avalanche method starts with the highest interest rate instead.

Q 03/05

Dave Ramsey teaches that personal finance is only 20% head knowledge and 80% which other factor?

A) Income

B) Luck

C) Mathematics

D) Behavior

Answer · why

D) Behavior

Behavior matters more than math in his teaching, which is why his plans favor quick wins that keep people motivated over the cheapest route on paper.

Q 04/05

A Ramsey Solutions survey of 10,000 millionaires put engineer, accountant and which job among their top careers?

A) Surgeon

B) Stockbroker

C) Teacher

D) Airline pilot

Answer · why

C) Teacher

Teacher sits in the top five beside management and attorney. The study's point was that steady investing, not a huge salary, built most of the fortune...

Q 05/05

Dave Ramsey first sold copies of his self-published 1992 book Financial Peace from which unlikely place?

A) His car trunk

B) A flea market stall

C) A hotel lobby

D) A barber shop

Answer · why

A) His car trunk

His car trunk was the first bookstore for Financial Peace, which he wrote from what he and his wife learned after going broke. It soon became a bestse...