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This city has been awarded the most Michelin stars as of 2020
Tokyo
What instrument was Cannonball Adderley best known for playing?
Saxophone
What color star has the hottest surface temperature?
Blue
Henry VIII was a member of what dynastic house of the English monarchy?
Tudor
Three basics reasons to save
Emergencies, large purchases, and wealth building
This is used to cover unexpected expenses
Emergency fund
This law says that anything that can go wrong will go wrong
Murphy's Law
The fifth foundation
Build wealth and give
The rise in prices over time
Inflation
These two factors are needed to build wealth
Money invested and time
The first foundation
Save $500 in an emergency fund
An investment of $1000 grew to $1050 in one year, what is the interest rate?
5%
What is the next of the five foundations after saving an emergency fund and getting out of debt?
Pay cash for a car
The second foundation
Get out and stay out of debt
The concept of both your money and the interest you have earned both continuing to earn interest is known as
Compound growth/compound interest
To maintain purchasing power, it is important that your money grows faster than
The fourth foundation
Pay cash for college
You should keep your emergency fund here
In a savings account where it is easy to access
The three questions you should ask before using your emergency fund
Is it unexpected? Is it urgent? Is it necessary?
The rate of return of an investment tells you this
The profit/loss as a percentage