Personal Financial Concepts
Financial Situations
Investing
Economics
Elite Ball Knowledge
100
Explain Active vs Passive Income
Active- Income generated you have to be present for.
Passive- Income generated you don't have to be present for.
100
This month I spent money on 50k of Robux, my water bill, and my rent. What were my wants, and what were my needs?
Wants - Robux
Needs- Water bill and rent
100
What are stocks?
Small ownership of a company
100
What is the incentive for a baker to bake pastries for 8 - 10 hours a day?
Money or a positive environment
100
What is the name of the AI coach Jinxzyi uses to help him in Clash Royale?
Bernard!!!
200
Explain Assets vs Liabilities
Liabilities- Something you owe
Assets- Something you own
200
Name one type of savings account:
Traditional, MMA, HYSA, CD
200
What are bonds?
A contract to lend money to a company
200
Define Scarcity
People have unlimited wants, but there are limited resources
200
What is this note?
E
300
Credit vs Debt
Credit- Money recieved from a loan
Debt- Money you owe after taking a loan
300
I don't have enough money to start my business, so I borrowed $200k from the bank. What is my credit, and what is my debt?
Credit- 200k received from the bank
Debt- 200k you owe the bank
300
What is diversification?
A strategy to mitigate risk by buying different investments.
300
Define Inflation
A general rise in price
300
What is the main character's name in the show "Spirit Riding Free"
Lucky Prescott
400
What is a Budget + Give an example of a type of Budget we learned?
A plan for saving money, spending money or both
400
I am looking at buying a stock from the company "Startup AI", their P/E ratio is 80, and they have had no profit in the past 5 years. Should I invest?
No. The stock is very expensive and the company doesn’t make money, so it’s too risky.
400
What is a dividend?
Money a company gives you for owning its stock
400
I can either buy a $20 Movie ticket or a $20 T-shirt. If I decide to buy the T-shirt, what is my opportunity cost?
The movie ticket
400
In programming(and in math), a whole number such as 5 is called:
An Integer
500
What is a savings account?
A safe place to store money at the bank.
500
If I want to make sure I invest and pay my loans before I spend money on fun things, what kind of budget should I use?
Pay Yourself First Budget
500
What is P/E ratio, & What does it represent?
Price-to-Earnings ratio
shows how much profit the company makes per share compared to the stock price
500
Michael Louis buys 10 fox onezies, at $15 for each onezie. Ten years after the manufacturer stops producing onezies, Michael still has 9 mint condition onezies that now sell for $25 each. What concept is this?
Supply & Demand
500
Who is Benjamin Graham’s best student?
Warren Buffett:max_bytes(150000):strip_icc()/GettyImages-492446712-766a66a200414864811e20ec2ba9cea9.jpg)