Investment /Financial risk/
What is the main goal for doing investment and what are the ways of investment?
Main Goal : GAIN MONEY
Ways of invest: buy stocks, do saving accounts, Real Estate, bonds
Is Saving important?
Yes, it's important because it gives you a safety net for unexpected events, helps you avoid high-interest debt, and lets you reach your personal goal.
What is credit score?
A credit score is a 3-digit number from 300 to 850 that shows how well you handle money. It tells banks and lenders if you are safe to lend money to based on your past bills.
What is Tax?
A tax is a mandatory payment or financial charge collected by local, state, and national governments from individuals and businesses to fund public services like roads, schools, and emergency care.
If you have an MBTI started with "E". It means you are....?
Extroverted
What's the schedule for the standard stock market opens?
9AM to 4PM Monday to Friday.
How much is the average allowance per week for kids that's 14 to 15 years old?
A:$12 to $20
B:$22 to $30
C:$32 to $40
D:$0 to $10
The correct answer is A- $12- $20
What is credit & debit?
Debit: A debit card lets you pay using money you already have in your bank account.
Credit: A credit card lets you borrow money to pay now and repay it later.
What happen if you don't pay tax?
If you do not pay your taxes, you face specific financial and legal consequences including growing fees, property liens, asset seizures, and potential criminal charges.
What's the different between a salary job vs commission job?
A salaried job provides a fixed, guaranteed yearly pay regardless of sales performance, whereas a commission job pays a percentage or portion of goods and services sold, meaning income rises or falls based directly on individual sales results
Which investment plan is consider the safetest?
A: Saving Account
B: Stocks
C: Real Estate
D: Business
A: Saving Account
A savings account is indeed the safest place to keep cash, offering federal insurance up to $250,000 and high liquidity, though it is technically considered saving rather than investing because it yields lower returns
By the standard rule of thumb how many percent you should save from you paycheck?
A: 50%
B: 40%
C: 30%
D: 20%
A standard rule of thumb is to save 20% of your after-tax paycheck, following the popular 50-30-20 budgeting strategy. Under this plan, you split your money into 50% for needs, 30% for wants, and 20% for savings.
What happen if you didn't payoff your credit card on time?
You will receive interest rate and late fee.
When is Tax Season?
A: Jan - April
B: June - Aug
C: Oct - Dec
The correct answer is A. Tax season starts in January and runs through April.
real estate agents, insurance agents, and Sales consultants, Broker
Name at least 3 holiday will be the stock market being closed?
What is the average savings account interest rate?
A: 3.80% to 4.25%
B: 6.8%- 8.9%
C: 10.5% - 12.8%
A: 3.80% to 4.25%
High-yield savings accounts currently offer average rates between 3.80% and 4.25% APY, with some top accounts reaching up to 5.00% APY.
Will having multiple credit cards affect my credit score? If so, will it improve or lower my score or it depends?
Yes—but it depends on how you use them!!
Can increase your score if:
Can lower your score if:
What is the local sales tax in New York?
A: 10.975%
B: 8.875%
C: 6.5%
D: 7.75%
The Correct answer is B - 8.875%
What's the top career choices for introverts?
software engineer, data analyst, and bookkeeper
When was the stock market idea first founded?
A: 1790
B: 1602
C: 1834
D: 1921
The correct answer is B.
What is the average spending for american household in a month?
A: around $2500
B: around $3500
C: around $4500
D: around $5500
E: around $6500
The correct answer is E.
The average American household spends about $6,545 per month, which adds up to $78,535 per year.
Is Credit consider as loan?
Yes or No & Why
Yes, a credit card functions as a revolving loan
Who's the one paying the most tax in America!
Jeff Bezos, Elon Musk, or Mark Zuckerberg
If you wanted to be an artist or designer which MBTI would be the best fit?
INFP, INTJ and ISFP
Because they are quiet, sensitive, kind, and deeply focused on sensory beauty.