Credit
Debt that is attached to an item of value
Secured Debt
This is the short, abbreviated version of a company's name that is used on the stock market
Ticker Symbol
Single-page document including work history and professional skills
Resume
Per the 50/30/20 rule, what's the LEAST you should save each month?
20% of your take home pay
In 2004, this popular band received negative coverage after they were found to have emptied their tour buses waste tank over a Chicago bridge-- resulting in a Chicago River Tour Boat being covered in human waste.
Dave Matthews Band
What does it mean to "diversify" your portfolio?
Invest across different sectors and different asset classes (stocks, bonds, index funds, mutual funds)
Typically the first thing an employer reads from your application; document that includes your personal voice and reasons why you'd be a good fit for the job you're applying to
Cover Letter
What type of income do we budget with?
Net income (take-home-pay)
Why should you not plug/unplug cords using your left hand?
Left arm is connected to your heart-- in certain cases, electrical shocks can affect your heart
Car, Home, and Student Loans all represent which type of credit?
Installment
This shows investors on average, how much they'd need to invest in a stock to make a dollar in earnings
On resumes, you should speak in the _________ person
Third
What adjustment(s) can you make to your budget if you're unable to save 20% of your income after accounting for all expenses?
-Cut down on "wants"
-Find cheaper substitutes
-Find a higher paying job
What are Mr. Marshall's 2 LEAST FAVORITE foods?
Cheese & Potatoes
Type of interest used with credit cards (and the same kind of interest that MAKES you money on the stock market)
Compound Interest
Index funds are _______ managed, while mutual funds are ________ managed
Passively (by an algorithm), Actively (by a person)
Why is it important to ask permission before including someone as a reference on a job application?
You want to make sure they have good things to say about you before the employer calls them for a reference check
What's the benefit of FINANCING v.s. RENTING/LEASING?
Financing means you'll own an asset when your payments are over
Payments on rent/leases never end so long as you're using it, and you won't own any assets in the end.
If you get in a car accident but it was the other driver's fault, should you file a claim with your insurance company? Why?
No-- the driver responsible should be the only one filing the claim.
If you file a claim even though you weren't at fault, your insurance premium will still go up.
The biggest credit score factor
Payment history
Dow Jones Industrial Average
S&P 500
What's the difference between a job and a career?
A job is for money, usually doesn't involve much vertical movement.
A career is a field you pursue long-term with the ability to climb up the ranks
What's the difference between SAVING and INVESTING?
Saving = short-term goals
Investing = long-term goals
This staff member at EG was a social studies teacher at Hersey during Marshall's freshmen year of high school.