Investing
The process by which you buy assets that increase in value over time?
What is investing?
The legal process of which to help you get out of debt when you can no longer make your payments.
What is bankruptcy?
a loss of job or income, divorce, business losses, and unexpected expenses.
What is the most common reason people go into debt?
a legal agreement to receive cash, or goods now and pay for them in the future.
What is credit?
Bank teller, financial advisor,quantitative analyst
What are the types of careers in finance?
Businesses, Loans, Real Estate
What are some things you can invest in?
Medical Expenses, Job Loss, Business Losses, Natural Disaster, Stacked Credit Card Debt
What can lead you to bankruptcy?
Pay off as much as you can with what you have, limit your expenses + save up
What is the best way to pay off debt?
Banks, retail stores, payday loan businesses,Credit unions, finance companies, internet stores
What are the sources of credit?
an average of 64k per year, but can range up to 100k+ per year
What is the average salary for someone who works in finance?
a business that you have put money into does not do well and you lose money
What is the risk of investing?
It limits your future job opportunities, pays more for credit, higher interest when buying property, hard to obtain a loan.
not usually, unless you have co-signed a loan or a credit card agreement. When someone dies their estate is responsible for paying off their remaining debt.
Do I have to pay for a deceased family member’s debt?
paying down your revolving credit, not missing payments, not going over your credit limit, etc.
What can you do to improve your credit score?
lender
a person or business that is owed money
a type of security that gives stockholders a share of ownership in a company and a strategy of which you buy a share of stock at its low and sell it at a peak you have made a capital gain.
What are stocks and buying low and selling high?
credit card debt, lines of credit, bank loans, payday loans and income tax debt.
Which debts can I eliminate if I file for bankruptcy?
With interest rate, the longer it goes unpaid the more money you will have to pay back especially if you do it repeatedly.
How do lenders benefit from debt?
allows you to gain rewards if your score maintains high, having this low will prevent you from getting a loan, buying your own, etc.
credit score
critical and very detail-oriented. Must have high proficiency in database management skills and computer programming skills used to develop and implement mathematical models.
qualities and traits of a quantitative analyst
An investor's ability to handle declines or swings in the value.
What is risks tolerance?
for the first time, it can range from 9-to 21 months. If you file for bankruptcy three or more times it may vary depending on your circumstances.
How long does the bankruptcy process last?
a high-interest loan that is marketed as a "quick fix" and it usually leads to people owing more than they borrowed.
pay day loan
the level of risk that someone would pose if credit were granted to them
Credit rating
a postgraduate professional certification
what is a CFA?