Banking & Credit
The fee a bank may charge if you spend more money than you have in your account.
What is an overdraft fee?
The deadline for filing federal income taxes in the U.S. most years.
What is April 15th?
This term describes money set aside for unexpected expenses.
What is an emergency fund?
Buying a small ownership stake in a company through the stock market.
What is a share (stock)?
The board game where players buy property and try to bankrupt others.
What is Monopoly?
The first problem most people face when they start making a lot of it.
What is a higher tax bracket?
A loan for purchasing a home.
What is a mortgage?
This form reports income earned from an employer.
What is a W-2?
Carrying a balance on this plastic card can trap you with interest rates of 20% or higher.
What is a credit card?
This term describes spreading your investments to reduce risk.
What is diversification?
The rapper who released an album called Get Rich or Die Tryin’.
Who is 50 Cent?
While buying an island seems cool, this problem is why Jeff Bezos and Richard Branson are so competitive about going to space.
What is "running out of things to buy"?
This three-digit number indicates your creditworthiness.
What is a credit score?
The portion of your paycheck withheld for Social Security and Medicare.
What are FICA taxes?
This type of account allows tax-free growth for retirement savings in the U.S.
What is a Roth IRA?
The opposite of a bull market.
What is a bear market?
In The Wolf of Wall Street, Leonardo DiCaprio plays this infamous stockbroker.
Who is Jordan Belfort?
The real reason why rich people prefer a prenup instead of therapy.
What is a messy divorce?
The central bank of the United States.
What is the Federal Reserve?
The largest source of federal government revenue.
What is the individual income tax?
This budgeting method gives every dollar a “job,” so you plan where all your money goes.
What is zero-based budgeting?
This U.S. stock index tracks the 500 largest publicly traded companies.
What is the S&P 500?
This game show has contestants answer trivia questions for increasing amounts of money.
What is Who Wants to Be a Millionaire?
Business owners often buy this “asset,” only to learn its real meaning is Bust Out Another Thousand… usually every weekend.
What is a boat?
A type of interest that grows on both the original amount and the accumulated interest.
What is compound interest?
The U.S. tax system is described as this type, meaning rates increase as income increases.
What is a progressive tax system?
This measure of how much you owe compared to how much you make is often key for mortgage approval.
What is the debt-to-income ratio (DTI)?
This investing strategy mimics the S&P 500 instead of picking individual stocks.
What is index fund investing?
This 1987 movie features Gordon Gekko’s famous line, “Greed is good.”
What is Wall Street?
It’s sold as “freedom” and “being your own boss,” but really it means 80-hour weeks, surprise tax bills, and your employees’ drama becoming your drama.
What is entrepreneurship?