When should you start caring about credit?
Now, your credit score is affected by what you do now.
Is it important to learn personal finance?
Yes, it's important to start early
What can add up over time?
Debt on small purchases
What does good credit mean to an employer?
You're reliable
Having a good income after college is a...?
Long-term goal
What kind of goal is having good credit?
Short term, you need to make sure you have good credit now
Saving for college is a...?
Short-term goal
What is it called when interest generates interest?
Compound interest
Why is credit important in your career?
If you have good credit you are more likely to be hired.
Should you put your income with your emergency fund?
No, keep the two accounts separate
Can you get a good credit score after having an early bad score?
Yes, but it's takes a long time of one-time payments
How much should an emergency fund be in highschool?
$500
What type of goal is having enough saved for retirement?
When should you consider entrepreneurship?
When your financially comfortable for it.
What is income important when it comes to debt?
You want a good debt to income ratio
What can really tank your credit score?
Missing payments
What type of goal is paying for college?
Mid-term
What type of goal is starting to save?
Short-term
When should take out a loan for your business?
When you've done extensive research
What is more important: a good paying job you hate or a job that doesn't pay as much but you love?
A job that doesn't pay as much but you love
Does taking out lot of credit give you a good credit score?
No, slowly make take out credit and make sure to pay on time
Should you worry about student debt?
Yes, it'll follow you everywhere even after college
What type of goal is having interest build up?
A long-term goal
Why is knowing your income important?
So you can track how much you make and make a good financially plan
Does credit affect how much you can earn?
Yes, bad credit may stop you from getting as high paying job due to unreliabilty