Question

1. what is the second foundation?

get out and stay out of debt
save a $500 emergency fund.
pay cash for your car.
build wealth and give.

1. making purchases with a credit card means that youre borrowing money with interest, and ______ pay much higher interest rates.

young people
rich people
old people
college graduates

1. while it may not always appear so, the majority of americans live paycheck to paycheck.

true
false

Explanation:

• For question 8, the Second Foundation in personal - finance terms often refers to saving a $500 emergency fund as part of financial planning steps.
• For question 9, young people are often more likely to have higher - interest credit card debt due to less established credit histories and higher - risk profiles for lenders.
• For question 10, it is a well - known fact that a large portion of Americans live paycheck to paycheck.

Answer:

1. Save a $500 emergency fund.
2. Young people
3. True