Financial Books
The Psychology of _____
Money
What tip was on the very last slide?
Be Smart; use your resources and be smart with your money
What should you not do when picking a credit card?
Do not pick because of their look
What should be considered when buying property
buying real estate and rental properties can be volatile
What should you do first?
Pay yourself- save before paying bills/expenses
Rich Dad ___ ___
Poor Dad
What are some ways to stay organized with payments?
Keep a google calendar/ planner or an excel sheet to keep track of purchases with dates.
How should you pick your credit card?
Pick based on how it will work for you and match your lifestyle.
Purchasing ownership stake of a publicly-traded company
Stock
Why should you remove temptations from budget?
Allows you to save for long term goals
Who wrote The Automatic Millionaire?
David Bach
How should you categorize your spending?
wants vs. needs
Credit cards are a very important tool in the world of finance that has a lot of _________
misconceptions
Diversified investment of money in many companies often done by a broker
Mutual funds
Retirement plan examples given
IRAs and 401k
Who wrote Why Didn't They Teach Me This in School
Cary Siegal
"Make your ____ ___ ___ ___"
money work for you; not the other way around
Do not spend [money on your credit card] because your ____ ___ ___
"limit lets you"
tends to be more diversified thus less volatile
How much should your emergency fund be?
3-6 months of living expenses
Who wrote Rich Dad Poor Dad
Robert T. Kiyosaki
What should you do after you have categorized your spending?
Separate your needs from wants.
Buy the needs and do not worry about those.
Buy the wants when you are in a spot where it will not hurt.
Spend because you were ... ?
already going to spend the money and you want to get the benefits from the card as well.
What is significant about retirement plans?
can include compounding and be tax free
List the steps of creating a budget
Each month: list out income, expenses, then subtract expenses from income, track transactions, and repeat