A
B
C
D
E
100
A percentage paid to a lender for the use of borrowed money is called
interest
100
What has historically had the highest rate of return over long periods of time?
Stocks
100
Who wears tight jeans on stage?
George Kamel
100
What is the money you can spend, after bills are paid, from your paycheck called?
Disposable income
100
something, typically money, that is owed or due
Liability
200
What is a bear market?
A time when stock prices are falling
200
What does Dave Ramsey hate that 80% of Americans have?
Debt
200
Groceries are considered what type of expense
Variable
200
What is a bull market?
stock prices consistently rising
200
In case you need cash, you should ALWAYS have an
emergency fund
300
What is the number that banks use to know if they can lend you money?
Credit Score
300
Ideal for everyday transactions
Debit card
300
How much should you save/invest per paycheck?
10%-20%
300
What is considered "free money" for retirement for a full-time employee?
401k
300
ROI stands for
Return on investment
400
Rent is an example of what type of expense
Fixed
400
What's it called to have multiple types of investments?
Diversification
400
The S in SMART goals?
Specific
400
Collection of separate assets that have monetary value
Financial Portfolio
400
Resources with economic value, what you own
Assets
500
What's a pool of investments called?
Mutual fund
500
What is the 5th Foundation
Build wealth & give
500
What is referred to as a "millionaire's best friend?"
Compounding interest
500
Richest Person in America?
Elon Musk
500
What kind of retirement account lets you pull your money out TAX FREE after 59 1/2?
Roth IRA