Definitions/Describe
What is a checking's account?
Account for everyday spending, no transaction limits, online bill pay, overdraft protection.
Contains a debit card, gains no interest.
What were King Solomon & Samson's major liability?
Bad company (romantically)
Matthew 6:24 -“No one can serve two _____. Either you will hate the one and love the other, or you will be devoted to the one and despise the other. You cannot serve both ____ and ____.
Masters
God
Money
What is a savings account?
Account designed for saving money, gains interest, limited withdrawals (usually), utilizes compound interest, no debit card.
What were Isaac's major assets?
Farming
Cattle
Proverbs 3:9 - Honor the Lord with your _____, with the _____of all your _____;
Wealth
Firstfruits
Crops
What's the difference between Assets and Liabilities?
Assets help you or make you money.
Liabilities hurt you or take away money.
What were Joseph's major assets?
God given gift to interpret dreams.
Ability to save money.
Matthew 6:19-21 - Do not store up for yourselves _____ on earth, where moths and vermin destroy, and where thieves break in and steal. But store up for yourselves _____ in _____ , where moths and vermin do not destroy, and where thieves do not break in and steal. For where your _____ is, there your _____ will be also.
Treasures
Heaven
Heart
What is a Money Market Account?
Basically a mix of a checking's account and a savings account.
With this account you can earn interest, have limited transactions, and have a minimum balance.
You can also have a debit card, and write checks from this account as well.
The interest rates are better than your typical checking's account but lower than your standard savings account.
What was King Nebuchadnezzar's major liability?
Power
False Idols
Ecclesiastes 5:10 - Whoever loves _____ never has enough; whoever loves wealth is never _____ with their income. This too is _____ .
Money
Satisfied
Meaningless
What is a Certificate of Deposit (CD)?
A time based saving account that offers FIXED rates for a set term.
Interest rates are greater that standard savings & money market accounts.
Terms can last from a few months to several years.
(outside of being King) What did King Solomon utilize to gain wealth? Name at least 5.
Farming
Trade
International Alliances
Gold Mines
Copper Mines
Taxes
Cattle
Proverbs 18:11 -The _____ of the _____ is their fortified _____ ; they imagine it a wall too high to _____ .
Wealth
Rich
City
Scale