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Young, Fabulous, & Broke

Created by pagiedamon

Fun Trivia : Quizzes : Business World
Young Fabulous Broke game quiz
"US Financial guru Suze Orman's book on money advice might be what you need if you are "Young, Fabulous, and Broke". "

15 Points Per Correct Answer - No time limit  



1. Are you in a financial rut? According to Suzie Orman, what is the first aspect of your finances that you should become familiarized with?
    How much undocumented money you spend
    Your FICO score
    The percentage of your income that you are saving
    How much you are paying in taxes


2. What should your career goals include when you are young, fabulous, and broke?
    Earning a lot of money
    Impressive title
    Meeting basic expectations
    More responsibility


3. If you are broke, which one of the following "splurges" are you allowed to make?
    None of these
    Eating out four times a week
    $150 pair of jeans that make you feel good about yourself
    Renting a car for a weekend getaway


4. The cost of your college education is worth the money.
    True
    False


5. All of the following are examples of how you can save a few dollars every month EXCEPT:
    Take a cab instead of driving
    Get a haircut every 8 weeks instead of 6
    Pack a homemade lunch for work
    Skip the martini at dinner


6. If you are under thirty, you can put off contributing to your 401(k) or other retirement plan for a few more years.
    True
    False


7. What is the most important rule for investing your money?
    Diversify your investments
    Invest in savings bonds
    Buy a lot of shares of a single stock
    Big risk is necessary for big gains


8. What is the worst investment you will ever make?
    Your house
    Your art
    Your jewelry
    Your car


9. Before buying a house in a specific area, what important question(s) should you answer?
    Neither of these
    How long are homes sitting on the market in that area?
    Both of these
    Are homes selling above/below the list price in that area?


10. Finally, Suze has a lot of "do nots" on her list of financial decisions. Which of the following does NOT appear on the list?
    Do not miss a credit card payment
    Do not sign a prenuptial agreement
    Do not lease a car
    Do not rely on a will


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Compiled Jun 28 12