Taxes
If Adonis lived with his father Drake for at least six months out of the year and was financially supported by him, what would he be listed as on Drake's tax forms?
A dependent
Drake begins to notice that his life is pretty risky and he needs more protection against the unknown. What might he invest in to help protect him from financial loss?
Insurance
Drake dropped out of college at fifteen, but went back in later years to try to obtain something equivalent to a high school education. What is this program/degree called?
General Educational Development (GED)
What type of expense would Drake's monthly child support payment for his hidden daughter be considered?
Fixed expense
If Drake had an outstanding debt of $20,000 on an old credit card, it would decrease his overall *what*? (Hint: not credit score)
Net worth
What type of tax would Kendrick pay on all of his homes, vehicles, and real estate?
Kendrick, Metro Boomin, and Rick Ross all grouping together to share the potential risks of being involved in rap beef would display which concept?
Risk pooling
Since Drake is Canadian, would he be able to file for student financial aid through FAFSA?
No (limited to U.S. citizens only)
Suppose Drake wanted to start saving money to be able to afford a new security guard for his home. Which acronym reflects the different aspects his financial goal should have?
S.M.A.R.T.
Suppose Drake has found a new home he would like to purchase. What type of loan would he take out to help him pay for it?
A mortgage
Since Mr. Lamar is not married and financially supports his family in full, what could he list himself as for tax purposes?
Head of household
If Kendrick were to use the profit from his new diss tracks to purchase a new Lamborghini, what type of insurance would he have to have as a driver?
Liability insurance
Since Drake created his own record label (OVO) and works for it, what type of job/income would he be receiving?
Freelancing
With every new check Kendrick receives from new Spotify streams, he immediately invests 20% of it into his primary savings account. Which budgeting tactic would he be using?
"Pay yourself first"
Drake is seeking information and assistance with bettering his credit score. Who should he approach for help?
A credit counselor
What type of income would Drake be receiving after having a boost in views/plays from haters? (Hint: no work was involved)
Passive income
What type of insurance would help cover any structural damages related to the recent attack on Drake's mansion in Toronto?
Homeowner's insurance
Lamar and Graham both chose to not continue their education and to instead pursue their music careers. What idea does this represent? (Hint- A sacrifice is made in order to gain a certain experience)
Trade-off
Why would it be beneficial for Kendrick to keep extra cash in case of emergency rather than investing in things like art or real estate? (Hint: cash is a type of asset)
Cash is a liquid asset and can be easily utilized.
If Drake fails to make his payments on his Mercedes McLaren, the bank that loaned him the money could repossess his car. What type of debt would this represent?
Secured debt
Since Drake's rap career is over, he decides to become an Uber driver to make some money. What type of economy supports labor like this?
Gig economy
If Drake legally leaves his fortunes behind to his son Adonis, what would Adonis be considered?
A beneficiary
If Kendrick decided to begin saving for his son Enoch to attend college someday, what/how would he likely invest his money?
529 Plan
If Drake were to create an emergency fund, how many months worth of income should he try to keep in it at all times?
3-6 Months
Kendrick has allowed his daughter Uzi to be an authorized user of his credit card. Where can he go online to check his credit report for free and make sure that his score has not been affected?