Vocabulary
Fill in the blank with the appropriate vocabulary word:
A(n) _____ is anything you own that has value
Asset
From lesson 6 we learn that everyone has what type of Personalities?
Money
What is the total U.S. Student Loan Debt
$1.5 Trillion
Which one is more important to have?
High Income or High Net Worth
High Net Worth
What is Coach Hensley Favorite college football team?
Tennessee
Fill in the blank with the appropriate vocabulary word:
_______ is a fee charged for using borrowed money for a purchase.
Intrest
It's hard to be disciplined and have ___________
Self-Control
What is the amount of Consumer debt per Person in 2020?
There are how many types of money personalities? Name them.
1) Natural Saver
2) Natural Spender
3) Balance of Both
Where did Coach Hensley Graduate from High School?
Enterprise
Fill in the blank with the appropriate vocabulary word:
Having a(n) _________ means the amount of your liabilities is larger than the value of your assets.
Negative net worth
Start _________ early.
Investing
What are the 5 things you need to do when it comes to setting crystal-clear, actionable goals?
1) Specific
2) Measurable
3) Time-Senstive
4) Yours
5) Written
What happened after WW1 lead the U.S to make credit normal.
HINT: Particular time period in history!!
"The Roaring Twenties"
Where is one of Coach Hensley Favorite Vacation places?
Disney World
Fill in the blank with the appropriate vocabulary word:
American culture and businesses have convinced consumers that using ______ is normal.
Credit
Live on ____ than you make.
less
Remember Personal Finance is 80% ____ and 20% what?
Behavior (80%) and Head Knowledge (20%)
What happened in 1929 that launched the country into a huge amount of debt?
Hint: Think of time periods in history!!
Great Depresson
Which one of these is true about Coach Hensley:
1) I am right-handed
2) I am an only child
3) I was born in Texas
Number 3 is true
Fill in the blank with the appropriate vocabulary word:
As a(n) ________, it's up to you to make choices about what you buy and use.
Consumer
Name the five Foundations.
1) Save $500 for an emergency fund
2) Get out of debt and stay out of debt
3) Pay cash for your car
4) Pay cash for college
5) build wealth and give/ give generous
All that debt leads to another big problem which is what?
Living paycheck-to-paycheck
the average borrower has over how much money in debt not including a mortgage?
$34,000
What is the quote that Coach Hensley lives by?
Why fit in when you were born to stand out!!