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Young, Fabulous, & Broke
"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
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
What should your career goals include when you are young, fabulous, and broke?
Earning a lot of money
Meeting basic expectations
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
The cost of your college education is worth the money.
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
If you are under thirty, you can put off contributing to your 401(k) or other retirement plan for a few more years.
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
What is the worst investment you will ever make?
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?
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