Budgeting
What percentage of your income should typically go toward needs in the 50/30/20 budgeting rule?
What is 50%
What is a share of ownership in a company called?
What is a stock?
What is the money paid upfront when buying a house?
What is a down payment?
What city was home to the historic Black Wall Street aka the Greenwood district?
What is Tulsa,Oklahoma?
What do we call the person who starts and runs a business?
What is an entrepreneur?
In the 50/30/20 rule, what category includes eating out, entertainment, and shopping?
What are wants?
What type of investment allows you to own small pieces of many companies at once?
What is a mutual fund or index fund?
What type of loan is used to purchase real estate?
What is a mortgage?
What year did the Tulsa Race Massacre occur?
What is 1921?
Name one type of business structure.
What is a sole proprietorship, LLC, partnership, or corporation?
If someone earns $1,000 per month, how much should ideally go toward savings using the 50/30/20 rule?
What is $200?
What type of investment fund tracks the performance of a group of companies like the S&P 500?
What is an index fund?
Name one of the three types of real estate property.
What are residential, commercial, or land?
Name 2 of the businesses from Tulsa’s Black Wall Street.
What are Gurley Hotel, Williams Dreamland Theatre, Williams Confectionary, Little Rose Beauty Salon, Uncle Steve's BBQ, Booker T Washington High School, Grier Shoe Shop, or many more!
What executive position is responsible for leading the entire company and making decisions?
What is a CEO?
What is something you own that increases your net worth and wealth?
What is an asset?
What do investors call the money companies distribute to shareholders from profits?
What are dividends?
What is the cost of borrowing money from a lender called?
What is interest?
What entrepreneur purchased the 40 acres in Tulsa and helped establish the Greenwood District that became Black Wall Street?
Who is OW Gurley?
What executive position is responsible for managing company's finances?
What is a CFO?
Name one example of an asset that can produce passive income.
What are stocks, real estate, businesses, or intellectual property?
Name one type of retirement investment account commonly used in the U.S.
What is a 401(k), Roth IRA, 403(b), or IRA?
What term describes the increase in value of a property over time?
What is appreciation or equity?
What successful hotel owner and entrepreneur built one of the largest Black-owned hotels in Greenwood and in the nation at the time?
Who is J.B. Stradford?
Name 3 of the four primary wealth pathways taught in this program.
What are Entrepreneurship, Intellectual Property, Real Estate, and Stock Market Investing?