Human Beings
Comedian who testified in front of congress about the importance of student loan forgiveness.
Who is Hasan Minhaj?
Because shelter is a need, a nice home is a want, and it will likely increase in value, this type of investment can fit into each category of the 50/30/20 rule.
What is property, or a home purchase?
When a company divides the existing shares of its stock into multiple new shares to boost the stock's liquidity
What is a stock split?
The practice of safely depositing physical currency in a savings account or metaphorically underneath furniture, where it will lose purchasing power.
What is cash underneath the mattress?
A digital asset that represents real-world objects like art, music, in-game items and videos.
What is a non-fungible token?
Eccentric TV personality and host of Mad Money on CNBC.
Who is Jim Cramer?
This type of consumer debt carries around a 27% interest rate, and usually should be the first debt you pay off.
What is credit card debt?
The process of offering shares of a private corporation to the public in a new stock issuance.
What is an Initial Public Offering?
The legal proceeding involving a person or business that is unable to repay their outstanding debts.
What is bankruptcy?
Sports cards, stamps, dolls, and antiques, fall under this non-traditional type of investment. While fun, these should be considered more of a hobby than a legitimate investment.
What are collectibles?
Someone who has a lot of optimism in the market and sees opportunities to make money are represented by this animal.
What is a bull?
This rule budgets out percentage amount in descending order of needs, wants, and savings.
What is the 50/30/20 rule?
Startup companies with little financial history typically issue this type of stock. These companies often develop new, untested products, or they explore untapped markets.
What is a growth stock?
What is a penny stock?
The amount is roughly $14.9 trillion dollars.
What is the total American consumer debt?
The most popular cryptocurrencies in terms of market capitalization, user base, and total investment.
What is bitcoin?
Shareholders are people who own shares of the company, these are people who rely on the company outside of stock ownership.
What is a stakeholder?
A shortcut or rule of thumb used to estimate the number of years required to double your money at a given annual rate of return and vice versa.
What is the Rule of 72?
Shares in large, stable companies that are continually profitable. They grow slowly and their earnings are extremely dependable.
What are blue chip stocks?
In 2015 this company’s stock crashed due to an e coli outbreak.
What is Chipotle?
A portfolio constructed to match or track the components of a financial market index, such as the Standard & Poor's 500 Index (S&P 500).
What is an index fund?
Senator and Harvard educator who coined the 50/30/20 rule.
Who is Elizabeth Warren?
A number used to rate a consumer’s trustworthiness in the eyes of a lender, ranging from 300-850.
What is a credit or FICO score?
The distribution of some of a company's earnings to a class of its shareholders
What are dividends?
Companies like Zoom Video Communications, Moderna, Inc., and Target saw a big boost in their stock prices as the span of this global event happened.
What is COVID 19 / Coronavirus?
Companies with more speculation surrounding the future such as Tesla, Draft Kings, Roblox, or Pfizer have a higher level of this compared to income or blue chip company stocks.
What is risk?
CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of over $100.6 billion as of April 2021, making him the world's seventh-wealthiest person.
Who is Warren Buffett?
The concept that money you have now is worth more than the identical sum in the future due to its potential earning capacity, may be abbreviated with three letters.
What is Time Value of Money (TVM)?
This tech company traded around $0.80 during the early 2000s when they were mainly known for their MP3 player.
What is Apple Inc.?
A practice, such as payday loans, that takes advantage of vulnerable consumers.
What is predatory lending?
Debt security issued by a government to support government spending and obligations.
What is a government bond?
Played by actor Christian Bale in The Big Short, he is best known for being amongst the first investors to foresee and profit from the subprime mortgage crisis that occurred between 2007 and 2010.
What is Michael Burry?
A tax-advantaged account that individuals use to save and invest for retirement. In most cases, contributions are tax deductible.
What is an individual retirement fund (IRA)?
A video game company that went public on March 10th, 2021
What is Roblox?
According to "Explained | The Stock Market" on Netflix, the average CEO makes this much times the amount of their average paid employee.
What is 271?
A type of security that tracks an index, sector, commodity, or other asset, but which can be purchased or sold on a stock exchange the same as a regular stock.
What is an exchange traded fund (ETF)?