What should be your FIRST action to improve your financial well-being?

Question 1

What should be your FIRST action to improve your financial well-being?

A. Pay off credit card debt

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B. Pay off mortgage

C. Start saving 10% of your income

D. Get a pay increase

.

20 points

Question 2

Which of the following is NOT a key to financial success identified by Skousen?

A. Live within your means

B. Start your own business

C. Consistently save money

D. Spend less than you earn

.

20 points

Question 3

Which of the following is NOT one of the three principles of financial success?

A. Use accounts with low interest rates

B. Make it easy to deposit your savings

C. Make it difficult to withdraw your savings

D. Invest your savings wisely

.

20 points

Question 4

Americans save more money than Europeans and Asians.

True

False

.

20 points

Question 5

You should “pay yourself first” even if you owe others money.

True

False

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