Budgeting
This budgeting method requires allocating every dollar of income towards specific categories.
What is zero-sum budgeting?
A fixed-income instrument that represents a loan made by an investor to a borrower (typically corporate or governmental).
What is a bond?
This government entity is responsible for collecting taxes from individuals and businesses.
What is the internal revenue service? (IRS)
This type of consumer debt allows individuals to borrow money for purchases and pay it back over time, often with interest.
What is credit card debt?
An overall concept that identifies a company, product, service, organization, or individual.
What is a brand?
This infamous mobster was arrested and convicted for Tax Evasion during the prohibition.
Who is Al Capone?
Using the 50/30/20 budgeting technique, a monthly gym membership payment would come from this category.
What are wants? (30)
According to Warren Buffet, this is the number 1 rule of investing.
What is never lose money?
This overall percentage that FICA takes out your paycheck as an employee.
What is 7.65%?
Debt for items that decrease in value but are needed for a larger purpose.
What is neutral debt?
A concise description that sums up your experience, your skills, and your passion.
What is a brand positioning statement?
This celebrity has the most followers on Instagram.
Who is Cristiano Ronaldo?
When you begin budgeting, you should track your income for this period of time.
What is 30 days? (one month)
There amount of sectors in the stock market.
What is 11?
This term describes expenses or contributions that individuals can subtract from their taxable income to reduce their overall tax liability.
What are tax deductions?
This type of debt is when a creditor has the right to an asset of the debtor if they fail to pay back the loan.
What is secured debt?
A strategic planning method that can be used to chart a path to forming your own personal brand.
What is a s.w.o.t. analysis?
What song has spent the most weeks atop the Billboard 100?
What is "old town road"?
You need to differentiate between these when you are budgeting.
What are wants and needs?
This type of investment fund is typically associated with having the highest fees.
What is a mutual fund?
As a self-employed individual, you will receive these forms that report various types of payments you may receive throughout the year.
What are 1099 forms?
This method involves prioritizing debt repayment starting with the debt with the highest interest rate while making minimum payments on other debts.
What is the debt avalanche method?
A short speech that summarizes who you are and shares your memorable story.
What is an elevator pitch.
This U.S. fast food chain is credited with introducing the first drive-through window to the masses.
What is In-N-Out Burger?
The last step in building a budget.
What is Categorize your expenses according to your budget technique? Analyze and potentially reallocate the expenses.
A stock market index of 30 prominent companies listed on stock exchanges in the United States.
What is the Dow Jones?
Name three states with sports franchises that do not collect any jock tax.
What is...
Florida, Nevada, Texas, Washington, and Tennessee are the only states with sports franchises that do not collect the Jock Tax.
The first 3 steps of the debt avalanche method.
What is...
1. Make a list of all your debts.
2. Rank the debts from the one with the highest interest rate to the lowest.
3. Come up with a budget.
The four components of an elevator pitch.
What is
•Introduce yourself.
•Provide a summary of what you do.
•Provide a value proposition.
•Finish with a call to action?
This Youtube video has the most views in youtube history.
What is "Baby Shark Dance"? (14.7 billion views.