Week 1
The consumer price index is a measure of this.
What is inflation?
A trade-off of a decision.
What is Opportunity Cost?
A type of financial aid that does not need to be repaid.
The four primary risk components to consider when investing.
What are inflation, interest rate, business failure and the market?
The calculation deducts your liabilities from your assets.
What is Net Worth?
Gross income after certain reductions have been made.
What is Adjusted Gross Income?
A temporary postponement of student loan payments.
What is Deferment?
The range of your FICO score is.
What is 350-850?
This has been the average return for stocks since 1926.
What is 10%?
Money that is left over after paying housing, food and other necessities.
What is Discretionary Income?
This deduction represents the set amount of income on which no taxes are paid.
What is Standard Deduction?
A payment plan on federal loans that is based on income levels.
What is income-based?
The Federal Trade Commission recommends you do this immediately if your identity has been stolen.
What is File a Police Report?
This fund helps investors with planning for retirement by a specific date.
What are life-cycle funds?
If you set your mind to it, these can be attained in less than one year.
What are short-term goals?
The year the Trump taxes changes go into effect.
What is in year 2019? or tax year 2018?
Doubling the monthly payment on a credit card will pay it off in this time frame.
What is Less than Half the Time?
Bad information will be on my credit report for this length of time.
What is 7 years?
If you were born after 1960, you can receive full Social Security benefits at this age.
What is 67?
Your instructor was born in the land of Oz.
What is Kansas?
Your instructor came from the state that looks like a mitten.
What is Michigan?
Your instructor worked in this industry as a Treasury Analyst.
What is Automotive?
Your instructors current employer.
What is the federal government?
Your instructor has felt this way the past 6 weeks.
Like she's going CRAZY!