Financial foundation
What is a financial foundation?
A robust financial house to protect in case of any of any situation.
Where do we save money?
Bank
What is a capital gain tax?
The capital gains tax is the levy on the profit that an investor makes when an investment is sold. It is owed for the tax year during which the investment is sold.
What is a credit card?
A credit card is a thin rectangular piece of plastic or metal issued by a bank or financial services company that allows cardholders to borrow funds with which to pay for goods and services with merchants that accept cards for payment.
if someone is following you, what do you do?
An emergency fund is a cash reserve that's specifically set aside for unplanned expenses or financial emergencies
What is a high-yield savings account?
A high-yield savings account is a type of savings account that typically pays 20 to 25 times the national average of a standard savings account
Which way usually pays less in taxes? Long-term or short-term capital gain?
Long term
travel, build credit, points, protect identity/money
What do you do when you see a speeding car come down the block and roll the windows down?
Run, hide, duck,
What is debt management?
Debt management is a way to get your debt under control through financial planning and budgeting
What is the 50/30/20 rule?
The rule states that you should spend up to 50% of your after-tax income on needs and obligations that you must have or must do. The remaining half should be split up between 20% to savings and debt repayment and 30% to everything else that you might want.
What is the tax rate if someone sells stock in less than a year?
Ordinary income
What is an authorized user on a credit card?
An authorized user is someone who is permitted to use another person's credit card. Once the original cardholder signs off on the authorization, the authorized user gets a card in their name that is linked to the original cardholder's account.
What do you call the local deli guy?
Ock
What is a liability?
Something takes money from your pocket
What is the average interest rate currently for savings accounts?
According to data from S&P Global, the average savings account interest rate is 0.08%. But, that doesn't mean it's not possible to earn more with your money. The average online savings account makes a much higher interest rate than the typical account from a brick-and-mortar bank.
what is the tax rates if someone sells stock in 19 months?
0,15,20 percent
reward points, leveraging, traveling, perks
What is all time most fantastic breakfast for the neighborhood?
bacon, egg and cheese
What is the correct order for the Financial Foundation from bottom to top?
Proper protection, debt management, emergency fund, investment
What is a saving account?
A savings account is an interest-bearing deposit account held at a bank or other financial institution
what is the long-term capital gain tax bracket income requirement?
0-40,000
41,000-440,000
442,000-1,000,000
what is the Average interest rate for a credit card
16.55%
Why do people get stuck in their hood for an extended period of time or never leave?
no guidance, lack of support, back influences