Basics
This is the rule that can estimate how many years it takes for your investment to double.
What is rule of 72?
This is the original and oldest form of cash value life insurance.
What is Whole Life insurance?
These are financial instruments that pool money from many investors and invests the money in securities such as stocks, bonds, and short-term debt.
What are mutual funds?
This is a retirement plan that is tax free for distribution when you reach age 59.5.
What is a Roth IRA?
This is the type of tax that you pay when you save money.
What is Capital Gains tax?
This is one part of the wealth formula that you can not control.
What is Inflation?
This is the method to calculate how much protection you need.
What is the DIME method?
This is the most well-known index in the world. It measures the 30 most powerful companies in America.
What is the DOW?
After the age of 65, this is the medical insurance for doctor visits and is not free.
What is Medicare Part B?
Setting up this plan will help your family avoid probate when you pass away.
What is a living trust?
This is a simple formula that determines how much life insurance you need and how much retirement money you need.
What is Formula 10/20?
This is the most flexible type of life insurance.
What is universal life?
This is a strategy to systematically purchase shares of a securities product to offset investment risk in a fluctuating market.
What is dollar cost averaging?
In the US, 70% of people over age 65 will require this type of services.
What is Long Term Care?
These are the 3 types of tax treatment on your investment accounts.
What is Tax Now, Tax Later, Tax Advantage?
This is the concept that you automatically set aside 5-10 % of your income to save for the future.
What is "Pay Yourself First"?
This concept theorizes that in general a person's responsibility decreases and their wealth increases over time.
What is the X-Curve concept?
This is the year in the history of United States when the top income tax bracket rate was 94%.
When was 1944?
This is the second most important piece of the financial foundation.
What is Debt Management?
This is the concept that gives you both growth potential and saftey.
What is managed growth?