Investing in Your Community
Either compulsory or voluntary government service.
What is National Service?
Assets - Liabilities
What is Wealth?
When you spend more money than you have.
What is debt?
The charitable giving to organizations at a large scale.
What is Philanthropy
A retirement savings plan sponsored by employers.
What is 401(k)?
Not spending half your budget on movie tickets.
What is being financially responsible?
The selfless concern for the well being of others.
What is Altruism?
You declare this when you are unable to pay off your debt.
What is bankruptcy?
The income remaining after spending all mandatory charges.
What is disposable income?
An organization that is exempt from federal tax.
What is 501(c)(3)?
The amount of money that an organization spends on the organizations core mission compared to what goes into the management's wallets.
What is Program Expense Ratio?
The agreed upon interest rate of the money that you borrowed.
What is APR?
The three types of crowdfunding.
What is Reward-Based Crowdfunding, Donation-Based Crowdfunding, and Peer-to-Peer Lending?
A website that watches other websites.
What is a Watchdog Website?
The amount of time that it takes to double your investment.
What is Rule 72?