Money Attitudes
What are the two opposing spectrums of money mindset called?
What is Scarcity and Abundance Mindset
Saving for groceries or phone bills falls under this type of financial planning.
What is Short-Term Planning?
This account is a flexible investing accounting with no contribution limits or penalties
What is brokerage account?
If you earning simple interest, do you earn interest on your interest?
What is No?
What type of spending is driven over short-term needs or moods?
What is Emotional Spending?
Why is medium-term planning often a mix of saving and investing rather than just saving?
What is you have time to handle some risk and earn higher returns?
An employee saving for retirement and receiving an employer match is most likely utilizing this account
What is a 401(k)?
Which usually grows your money faster: earning interest yearly or monthly?
What is Monthly?
What money mindset is more common among those with a low-income upbringing?
What is Scarcity Mindset?
Someone who starts investing earlier often ends up with more money. Why?
What is their money has more time to compound?
Which two accounts are designed for retirement and have tax advantages
What are IRAs and 401(k)s?
Using the Rule of 72, if you earn 6% interest, how long will it take your money to double?
What is About 12 years?