Financial Literacy Quiz! Test Your Trivia Knowledge!

Your time is limited. Money comes and goes but time is gone forever. The value of your spouse is... well, we don't know.

All business transactions are win-win. Because the buyer wants the item for sale more than their money and the seller wants the money more than the item.

With businesses, everything is negotiable. Businesses are happy to negotiate because every one of them has a competitor and they want to keep you all to themselves. Insurance companies will negotiate with you to get a lower price if you are unsatisfied.

Buying in bulk can be a good idea. But when it comes to food when people have more of it around, they tend to overeat, so they end up making the same amount of trips to the store and spending the same amount of money.

Because of economic expansion, stocks have always had higher returns. After all, they play a large part in fueling that expansion.

The used car will have a lower rate because the car can be used as collateral. If you were to default on this loan, they could take the car back. With a vacation or student loan, there's nothing to confiscate.

Managing your money doesn't restrict your financial freedom, it promotes it! You don't need a job to make money, there are four ways to make money. Not all debt is bad. Debt to buy assets that put money back into your pocket is good debt. Mutual funds are only diversified in paper assets, which is only one market. If there was a full market meltdown, you'd be in trouble. All of these statements are analyzed and investigated in great detail in "An Unfair Edge: Revealing the Best Kept Secrets of the Rich".

Tax Lien Certificates have the least liquidity in them because they are the least exposed to market volatility and the least subject to market risk.

The true value of anything and everything is what someone else is willing to pay for it!

$50 is all that you're legally obligated to pay, but most credit card companies will cover that for you because they want to keep you. However, these same companies may try to sell you insurance for that credit card, despite the fact you don't need it. What you don't know will cost you.

Your house is not an asset because it does not put money into your pocket, but it sure takes money out of it with bills, payments, maintenance, and taxes. The other choices will continue to put money in your pocket if you were to stop working. The house will not. You assets feed you while your liabilities eat you.

Undervalued assets are always best. It means the market hasn't learned to appreciate them yet.