1
Why are goals important to write down
to put down and work hard to achive
You call it when you don't work anymore?
You call it when you can afford not to work anymore and you have the money not to work anymore wellth and when you're just getting too old you call it retirement
whai is a posiive person caled
An optimistic person
what is a negative thinker called
pessimist
my b day
aprill 6
Why are journals important
what is inflation
prices increase by value
Why do u have to be careful with the friends that you choose
Friends sometimes play important role in your life
what does fixed expense mean
Fixed expenses: These are costs that largely remain constant, such as your monthly rent. Variable expenses: These are costs that vary or are unpredictable, such as dining out or car repairs.
my fav color
idk dont have one
What are assets?
the way you build your wealth is by buying things that make you money.
Why don't people like to carry around cash these days?
U can get Robbed it's waste your space in ur pocket everywhere now accept debit and credit cards
You want to buy Assets that ultimately increase in value, which is called
Appreciation
When is cash king and cash trash
But people invest their money to preserve their dollars from losing its value. So they buy things of value to protect their money from losing its value, instead of just saving.
how old i am
11
What is the purpose of investing
The purpose of investing is to create a future that sets you free from working for money.
The things that take money from you are called?
Liabilities.
Negative and positive thinkers difference
If a person constantly has negative thoughts then he will ultimately turn into a negative thinking person, if a person constantly has positive thoughts, then he will ultimately turn into a positive thinking person.
What does retirement allow you to do?
It will allow you to stop working permanently because you want to, not because you need to.
who my bff is
i d k
Such as a building that brings in money month after month year after year called
CASH-FLOW
What are the different forms of money and why people use them and who gets them?+What Is income, expenses, checking account, savings accountant etc ?
Money comes in different forms, but whatever form of it that you choose to use is up to you. For example, if you are an employee, someone he trades his time for money, you get a check at the end of the week. That money that comes into your bank account or in your pocket is called Income(mony u make work hard for). And with income you generally have expenses (things you have to pay for ex mortgage,) . As mentioned expenses are always guaranteed, but income is not. Generally, you would have the income deposited into your everyday account that you use called a Checking account,(small stuff u put and take out when u need every day) and whatever you save would usually go into a savings account(u save up money for when u need it ex buying a house/car). The savings account adds an interest percentage(when you make a payment it's the bank's money so you have to pay a certain percent until you pay that all off) While a checking account( to the money that you save) doesn’t.
why do some peps like debit more
The use of debit cards are great but it doesn’t affect your credit score at all.
Why do people perfer to pat with credit or debit card
But the most important reason why people prefer to use credit cards over anything is because it’s a way to start building your credit score in order to be able to make a large purchase one day.
i am blank and how many months
11 and 7 months