Chapter 5
Money earned through all sources
Income/ cash inflow
A masters degree is an example of this.
Graduate Degrees
The first step in the financial decision making process
The common name for a share in a company
Stock
This man is batman's butler
Alfred
A short-term position designed to provide exposure to a particular job
Internship
A document that supplements a resume giving an employer a more personal look into your strengths
Cover Letter
Weighing this helps people choose the best financial plan.
Risk
This is what the stock market is called when its performing well.
Bull Market
Where were the 2012 Summer Olympics hosted
London
Buying a car in two years is an example of what type of goal.
Intermediate/medium term goal
–Official recognition that a school or program meets a certain standard
Accredidation
The last step in the financial decision making process
This retirement account is the 401K equivalent for private and non profit companies
403B
What NFL team won the first Superbowl
Green Bay Packers
This is the first step of three in choosing a career.
Identify areas of interests and hobbies.
official document or record stating that a person has met some standard for training or knowledge
Certification
Expenses that remain the same from period to period
Fixed expense
When a person invests in this they are loaning money to a company that will be paid back with interest on a set day.
Bond
This independent city-state is where the pope lives
Vatican City
–On-the-job training programs where you acquire a skill while you are working
Apprenticeship
Deciding how much cash to keep on hand or in your checking account is an example of
Liquidity management
Expenses that change from one period to the next
Variable Expense
This type of retirement account is one where a person doesn't have to put in any of their own money and they receive payments for the rest of their life after they retire.
Pension
This man invented the cotton gin.
Eli Whitney