Money
Wages, Profits, Gig Work, Interest Earned
What are sources of income?
This is when you save before spending.
What is Pay Yourself First?
These show your creditworthiness and how many open lines of credit that you have, and the balance owed.
What is a Credit Report?
This is the amount that you will pay before insurance starts paying a claim/bill.
What is a deductible?
This is the largest equities market in the world.
What is the NYSE - New York Stock Exchange?
How easily something can be turned into cash
What is liquidity?
This financial institution is member-owned and has lower interest rates for loans.
What is a Credit Union?
If higher risk = higher interest rate, what will a person with a low credit score pay?
What is higher interest?
This is the cost that is paid at a regular interim so that you have insurance.
What is a premium?
It's the practice of spreading investments to minimize risk, advising not to put all your "units" in one place.
What is Diversification?
These reduce your taxable income and are provided when you fill out a W-4.
What are allowances?
A definitive length of time savings that provides a promised interest rate and there are penalties if you withdraw it early.
What is a CD (Certificate of Deposit)
This type of loan has collateral tied to it that the lender can claim if you fail to repay the loan.
What is a Secured or Collateralized Loan?
This is why people obtain auto, home, renters, health, long term care and/or life insurance.
What is to manage risk?
It is a fixed-income (set interest rate) instrument that represents a loan made by an investor to a borrower, typically a corporation or government.
What is a Bond?
This government entity collects taxes, prints money, and issues bonds.
What is the Treasury Department?
This is what you use to determine how long it will take for you money to double at a given interest rate.
What is the Rule of 72?
Paying this will result in you paying more overall for the purchase on a credit card.
What is paying the minimum payment?
This is what happens to your premium if your deductible increases.
What is it lowers or costs less?
A 20% rise in market indexes from a low signals this "hopeful" market, while a 20% drop signals its "gloomy" counterpart.
What is a Bull vs. Bear Market?
The next best alternative.
What is Opportunity Cost?
This is the benefit of starting to save early so that your money has more time to earn interest and grow.
What is Time Value of Money?
This is the maximum liability for a cardholder if they report a lost or stolen card quickly to the card issuer. (Within 72 hours of loss/theft)
What is $50?
These two main types of life insurance differ in that one covers a specific period, while the other lasts a lifetime and builds cash value.
What are term and whole life insurance?
When an investment company raises money from investors and invests the money in stocks, bonds, or other securities, the investment instrument is called this.
What is a Mutual Fund?