Assets & Liabilities
Passive vs Active Income
Elite Ball Knowledge
100

What is an asset

Something that puts money in your pocket

100

What is active income?

Money you earn that you have to be present for.

100

What is the name of the AI coach Jinxzyi uses to help him in Clash Royale?

Bernard!!!

200

What is a liability?

Something that takes money out of your pocket.

200

What is passive income?

Money you earn that you don't have to be present for.

200

What is this note?

E

300

Asset or Liability: Cool backpack that you rent out to others

Asset

300

Active or Passive Icome: Getting payed $20 for mowing your neighbor's lawn

Active

300

What is the main character's name in the show "Spirit Riding Free"

Lucky Prescott

400

Asset or Liability: Luxury shoes

Liability

400

Active or passive? Ad revenue from a YouTube video.

Passive

400

In programming(and in math), a whole number such as 5 is called:

An Integer

500

Asset or Liability? Electricity bills that are paid in advance (prepaid expenses)

Asset

500

Active or Passive Income?: Savings account interest

Passive

500

Who is Benjamin Graham’s best student?

Warren Buffett