Read 'Chapter 1: Learn the Facts - and Myths - About Your Money' & answer the following question(s): |
1. | Financial planning is more important for men than women. |
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2. | On average, women spend more time off the job than men because: |
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3. | Typically, men are hurt more by corporate downsizing than women. |
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4. | While half of all men over the age of 65 receive a pension, the number of women over the age 65 who receive a pension is: |
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5. | According to the National Center for Health, women tend to outlive their male counterparts by an average of: |
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6. | Ignorance is not bliss. |
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7. | Your chances of becoming and staying financially successful can be significantly increased by reducing what you don't know that you don't know about money. |
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8. | What determines your wealth is not how much money you make, but rather how much money you keep of what you make. |
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9. | Over the course of their lifetimes, most Americans will earn: |
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10. | According to Tom Stanley in, The Millionaire Next Door, the average millionaire's taxable income is: |
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11. | Money myth No. 2 is: 'My husband (or some other man) will take care of me.' |
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12. | The average income for a woman over 65 is less than $7000 per year. |
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13. | Based on current rates of inflation, a dollar today will be worth 40 cents in 20 years. |
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Read 'Chapter 2: Put Your money Where Your Values Are' & answer the following question(s): |
14. | By discovering what is important about money to you, you in turn discover your values. |
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15. | Money is merely a tool to help us achieve some particular goal. |
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16. | The following is an example of a value (as opposed to a goal): |
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17. | The following is an example of a goal (as opposed to a value): |
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Read 'Chapter 3: Figure Out Where You Stand Financially . . . And Where You Want to Go' & answer the following question(s): |
18. | In Pamela Gilberd's book, The Eleven Commandments of Wildly Successful Women, women who have achieved extraordinary success have this in common: |
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19. | Developing 'definiteness of purpose' is the same as 'setting yourself specific goals'. |
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20. | A goal that is not written down is a slogan. |
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21. | When developing goals, you should take some immediate action within the next 48 hours. |
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22. | Goals should be: |
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23. | It's important to keep your goals to yourself so that others can't discourage you. |
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24. | Designing a proactive life is synonymous with 'goal setting'. |
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25. | Goals should fit in with your values. |
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26. | According to Rule No. 7, you should review your goals at least once a month. |
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Read 'Chapter 4: Use the Power of the Latte Factor . . . How to Create Massive Wealth on Just a Few Dollars a Week!' & answer the following question(s): |
27. | In 2000, consumer debt hit a record $1.5 trillion. |
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28. | The reason most people fail financially is because: |
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29. | Women should save 12% of their gross income as opposed to a man's 10% because: |
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30. | The first exercise in getting your spending under control is to estimate what you spend each month. |
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31. | A 48 hour 'cooling off' period before making any purchase over $100 will give you a chance to decide rationally if the purchase is really necessary. |
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Read 'Chapter 5: Practice Grandma's Three-Basket Approach to Financial Security' & answer the following question(s): |
32. | Your security basket protects you and your family from the unexpected. |
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33. | Your dream basket enables you to fulfill deeply held desires that make life worthwhile. |
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34. | Your security basket may buy you the time you need to get back on your feet. |
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35. | A properly funded living trust must always go through probate. |
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36. | A revocable living trust: |
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37. | The chief advantage to term insurance is that it allows you to build 'cash value'. |
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38. | A type of permanent insurance is: |
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39. | According to statistics, one out of every eight people will suffer a serious disability. |
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40. | Medicare is meant to cover: |
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41. | A defined contribution plan used to be known as a Keogh plan. |
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42. | In 2006, the maximum allowable contribution to a traditional IRA for individuals 49 or younger is: |
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43. | The current rule of thumb is that if you are more than ten years from retirement, you'll come out ahead with a Roth IRA as opposed to a traditional IRA. |
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44. | For a business owner, the disadvantage of a SEP IRA is: |
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45. | An advantage of a money-purchase plan over a SEP IRA is: |
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46. | Rule No. 3 says it's wise to borrow from your retirement plan when you're using the proceeds to pay off credit card debt. |
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47. | You should never ever put your IRA in the name of a trust or make your beneficiary of the IRA a trust because upon your death, your spouse loses the ability to do a spousal IRA rollover. |
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48. | Advantages to investing in T-bills include: |
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49. | Interest earned from municipal bonds is exempt from both state and federal income taxes. |
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50. | Interest earned from these types of bonds is exempt from federal income tax: |
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51. | The advantages of a variable annuity include; |
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52. | During your first meeting with a financial planner, you should do most of the talking. |
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53. | A U4 is a record kept by the National Association of Securities Dealers on every licensed financial professional in the US. |
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Read 'Chapter 6: Learn the 10 Biggest Mistakes Investors Make and How to Avoid Them' & answer the following question(s): |
54. | The first step in eliminating credit card debt is: |
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55. | Mistake No. 4 is 'waiting to buy a house'. |
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56. | Options allow you to speculate on the future price of a given stock. |
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57. | An illiquid investment is an investment that you cannot sell immediately. |
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58. | Mistake No. 10 is 'giving up'. |
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Read 'Chapter 7: Raising Smart Kids to Finish Rich' & answer the following question(s): |
59. | The key qualification(s) to set up an IRA for your teenage child is: |
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60. | Unlike a Section 529 prepaid tuition plan, a Section 529 college savings plan requires you to select a specific college in a specific state at the time you set up the plan. |
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Read 'Chapter 8: Follow the 12 Commandments of Attracting Greater Wealth' & answer the following question(s): |
Read 'Chapter 9: FinishRich Success Stories - Be Inspired!' & answer the following question(s): |