Financial Terms 101
Money earned from working a job is called this.
Income
This Tesla and SpaceX CEO is known for launching rockets and stirring up social media.
Elon Musk
The Banks Family lived in Bel-Air in this 90s sitcom
The Fresh Prince of Bel-Air
If you save $100 per week for 10 weeks, you'll have this amount.
$1K
The Wall Street phrase describing an optimistic investor was popularized in the early 1700s from a stock market satire
Bull Market
When prices rise over time and purchasing power decreases, it's called this.
Inflation
This media mogul launched the OWN network and became the first Black female billionaire.
Oprah Winfrey
The Carrington family rules the oil empire in this rebooted drama series.
Dynasty
An investment of $2K grows by 25%. The new total is.
$2,500
This term for an investor who bets against the market comes from the image of an animal swiping downward
Bear Market
Depreciation
This investor built Berkshire Hathaway into a conglomerate by acquiring companies like Geico and Dairy Queen.
This Montana ranching dynasty fights developers and rival landowners in a modern Western drama.
The Duttons from Yellowstone
You invest $5K at 6% compound interest for one year. Your total is this.
$5,300
This phrase describing extreme financial market panic originated during the 1869 U.S. Gold Market Collapse.
Black Friday
This term refers to a company's total market value, calculated by multiplying share price by shares outstanding.
Market capitalization
This Founder of Inditex built a global fashion empire that includes Zara.
This New York publishing family's wealth masks scandal in a 2000s teen drama.
van der Woodsens from Gossip Girl
An executive earns 1.2Million annually. If 35% goes to taxes, the take home pay before any deductions equals this.
$780,000
This 1980s phrase describing excess corporate greed was popularized by a character in the film Wall Street
"Greed is good"
This term describes spreading investments across different asset types to reduce risk.
Diversification
The LVMH Chairman oversees brands like Louis Vuitton and Dior.
Bernard Arnault
The Bluth family losses their real estate fortune in this cult comedy.
Arrested Development
An investor places $250,000 into an account earning 8% annually, compounded yearly, with no additional contributions. It will take approximately this many years for the investment to reach $1 million.
This term for retirement savings accounts in the U.S is named after a specific section of the Internal Revenue Code
401(k)