4 types of expences
fixed, variable, intermittent, discretionary
4 part of a budget
income, giving, saving, spending
4 walls in a budget
shelter, food, utilities, transportation
the definition of personal finance is
the managing of an individuals or a families money
how do you calculate net-worth
assets - liabilities = net-worth
what are hard and soft skills
hard skills are something that can be taught or learned, and soft skills are interpersonal skills
whats the difference between spenders and savers
savers save money when they can spenders spend money and never save
a budget where every dollar has a place to go and your monthly income reaches zero
What is it that lives if it is fed, and dies if you give it a drink?
fire
what are the five foundations
1 $500 dollars in an emergency fund
2 get out and stay out of debt
3 pay cash for a car
4 pay cash for college
5 build wealth and give
A girl fell off a 50-foot ladder but didn’t get hurt. How come?
she fell of the bottom step
You spot a boat full of people but there isn’t a single person on board. How is that possible?
Everyone on board is married
How can a girl go 25 days without sleep?
she sleeps at night
How do you make the number one disappear?
Add a ‘G’ and it’s gone!
What two keys can’t open any door?
A monkey and a donkey