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Quiz #7
Quiz #8
Quiz #9
Quiz #10
Quiz #11
100
List 1 of the 3 investment tips Clark Howard gives
Don't invest in a business you don't know anything about.
100
Stock mutual funds are the most efficient way for you to do what?
Own a piece of a company.
100
Tell me something about short term investing.
Various Answers
100
Which credit cards should you carry and which ones should you not carry?
Carry: Visa or Mastercard Not Carry: Store cards
100
If you are going to file for divorce, what should you dowith the joint credit cards?
Pay them off.
200
What should your #1 priority be when investing?
Planning for Retirement
200
Why should you not put your retirement money and salary in the same basket?
If the company goes under you could lose your job and the profit from the stocks.
200
Tell me something about buying and selling stocks.
Various Answers.
200
What is the difference between a debit card and a credit card?
Credit card is like a loan with interest. Debit card comes out of your checking account.
200
What is the greatest favor you can do for your survivors?
Have a will.
300
What is a 401 (k) plan?
Tax Sheltered Investment account, set up by your employer, to help you accumulate money for retirement.
300
What is an index fund?
Index fund aims for safety and growth by buying a broad range of stocks or bonds.
300
Tell me something about 401 (k) Payouts
Various Answers.
300
What is one right that you have if you buy something with your credit card and something does not work out with the purchase?
Dispute the charge.
300
What are the stipulations for a will to be legal in most states?
Have to be 18, signed, and 2 witness signatures
400
What is the nice thing about a Roth IRA Account?
Never pay taxes on the earnings.
400
List 1 of Clark Howard's favorite funds
Vanguard, Schwab
400
Tell me something about taxes and investing.
Various Answers.
400
If you have a ton of credit card debt what is one trick to help you manage your credit cards?
Put them in a freezer bag with water and freeze them.
400
What is a living trust?
A documents that allows you to make all major decisions in someone's life.
500
What is a 529 Plan?
College Savings Plan.
500
Why shouldn't you buy mutual funds from a stockbrocker
Because you have to pay them commission.
500
What is a credit report?
A report of your credit scores.
500
What is the Fair Debt Collection Practices Act.
If you contact the creditor in writing they cannot harass you anymore. Rights for credit card debtors.
500
What is one thing you need to keep in mind when you are planning a funeral?
Don't let your emotions control your finances.