Foundation 5
This is the last foundation, and can be the ultimate financial goal.
What is :Build Wealth & give
The is the amount of money you earn
What is Gross Income
Using Credit has not always been socially acceptable
True or False answer
True
Personal Finance is 20% & __________
What is 80% Behavior, head knowledge
True or False :
Avoiding Debt can lead to financial freedom and hope
What is TRUE
Get out of Debt & Stay out of debt
What is the 2nd Foundation
Financial Debt or all that you owe
What is Financial Liability
This type of financial goal can take up to two years to be reached
What is a short term goal
You should live on more than you make
True or False
False
The best class ever
What is this class!
Starting an emergency fund/savings account
What is the First Foundation
This means you spend all of what you make
What is living paycheck to paycheck
This type of goal usually takes longer than 5 years
What is a long term goal
Understanding which of these you are ,may impact how you handle money
What does keeping up with the Jones' mean?
It means paying more attention to what others are doing, buying and trying to compete with others
Pay cash for your car
What is the 3rd Foundation
The amount by which the value of a persons assets exceeds their liabilities
What is net worth
Specific, Measurable, Time-Sensitive, Personal & Written are all aspects of what type of ?
What is creating a goal
The most chill class this year
What is this class
Pinocchio
What is current LHS Play
Paying cash for college
What is the 4th Foundation
This is the amount of money you take home
What is net income
True or False
Is it possible to pay cash for a car
True
As a _________ it is up to you to make choices about what you buy and use
What is a consumer
Davenport
What is the opponent for Friday Football!