If a bond can be cashed out at any time, we say it is ________________.
How many investments in restaurants, car washes etc. work out?
One in every _________or _________
One in every 30 or 40
When there is a sharp dip in share prices of equities in the stock market, we may be experiencing a stock market ________.
Crash
If you want a better rate than the banks offer, where could you go for financing?
A credit union
When shopping for a car, the numbers in the 20/3/8 rule represent what?
20% down
3 year term
8% of income
Subsidy
What denominations are reeded?
dimes, quarters and toonies
What are two qualities that make a debt "good" debt?
The thing purchased increases in value and has a low interest rate?
Which the the safer option: saving or investing?
Saving
Three things to need to be concerned with when it comes to money
______money
______money
_______money
Making, Keeping, saving
Its definition is 'the chance that the value of an investment will decrease'
What is risk?
Three words to live by
Pay Yourself First
This is defined as the amount of money, stocks or other property that a corporatation pays to shareholders
What is a dividend?
What type of borrowing gets young people into debt most often?
Student loans
In the 50/30/20 rule, what do 50, 30 and 20 represent?
50% on needs
20% on savings
30% on wants
What is a bond?
Pete's three money basics (fill in the blanks)
Spend less __________
Insure against things you ____________
Save for ___________
___than you earn
____can't control
______the future
Stocks, bonds, cash, real estate
cash, stocks, real estate, bonds
tire levey, taxes, documentation, delivery, warrantees, dealer fee
How long is the average NFL player's career?
3.5 years
TANSTAAFL stands for...
There aint no such thing as a free lunch
What are the four money scripts?
Worrier, Avoider, status, vigilant
Put the following in order of risk (high to low)
Bonds, Stocks, Cash, Real Estate
Stocks, Bonds, Real Estate, Cash
When you are compelled to get stuff because your neighbour has it, you are doing what?
Keeping up with the Jones's
I want to buy a car with no down payment. Car costs 10,000.
I sign up for 8 years of monthly payments of $300. How much interest am I paying?
18,800