Finance 1
Is a bed a need or a want
Need
Is Gatorade a need or a want
Want
Is a sweatshirt a need or a want
Need
Are ear buds a need or a want
Want
What is the largest state in the US by land
Alaska
To understand about money is called
F _ _ _ _ _ _ _ _ L _ _ _ _ _ _ _
Financial Literacy
When having difficulties in making a decision, it is helpful to make a list of P _ _ _ _ and C _ _ _
Pros and Cons
List the 3 purposes of money
To save
To spend
To give
What in the house would someone keep their money, if they don't invest it
Under the mattress
What is the smallest state in the US by land
Rhode Island
The US stock market is primarily made up of the S&P 500, Dow Jones and the ?
Nasdaq
Term for when you make money off of what you invest
I _ _ _ _ _ _ _
Interest
How much would one need to save each month to become a millionaire in 30 years, making 10% interest
$443
How much would someone need to save each month to become a millionaire in 40 years, if they were making 10% interest
$159
The term for when you wait for something
Delayed gratification
Financial literacy is ___% knowledge and __% behavior
20% knowledge
80% behavior
The term for what someone owns of value
Assests
The term for what someone owes
Liabilities
The 2nd most common car brand that millionaires drive
Honda
What state has over 10,000 lakes..Mr. Shandro used to live there
Minnesota
The term for when interest makes interest
Compound Interest
Assets-Liabilities=
N _ _ W_ _ _ _ _
Net Worth
The average rate of return of the S&P 500 over the last 30 years
10%-12%
The average rate of return of the S&P 500 over the past 40 years
13%
What was the first state in the United States
Delaware