Investing
A stock market index tracking the performance of the 500 largest companies
What is the S&P 500?
A card that deducts money from your bank account when you make a purchase
What is a debit card?
An organization committed to serving the greater LA community through mentorship in financial and professional development for underserved youth.
What is MoneyThink 🤩?
Cara's favorite band!
What is BTS?
True or false: Kristin loves NFT's!
What is false?
Order the following from lowest risk to highest risk: Bonds, Stocks, Exchanged Traded Funds (ETFs)
What are bonds, ETFs, and stocks?
A card where you borrow money monthly and are expected to pay back the amount in full by the end of the month or otherwise accrue interest
What is a credit card?
The loan you take out to buy a house.
What is a mortgage?
The committee in charge of creating lesson plans in MoneyThink
What is the curriculum committee?
Our incoming MoneyThink presidents!
Who are Kristin and Briland?
A general rise in prices that is associated with a decrease in the purchasing power of money over time
What is inflation?
A number from 300 - 850 indicating financial trustworthiness and how likely you are to repay a loan
What is a credit score?
A source of cash you’ve saved to help you handle financial hardships like job loss, medical bills, or car repairs.
What is an emergency fund?
Which two members found love in MoneyThink?
Who are Ava and Drew?
True or false: Emmy is from Australia
What is true?
"Interest on Interest" - Albert Einstein called this the 8th wonder of the world. It can either help you or work against you
What is compound interest?
The percentage of after-tax income you should aim to save (at least) (hint: 50/30/20 rule)
What is 20%?
True or false: Given that you don't take any money out, you are guaranteed to gain money from your savings account.
What is true?
The most common response people gave to "If you were a fruit, what fruit would you be?" in coffee chats.
What is a banana?
The instrument Chris plays
What is the bass?
A portfolio strategy (type of investing) for long-term investment where you buy-and-hold assets and do not trade them frequently
What is passive investing? OR What is long-term investing?
What will result in more interest being paid? A loan with an interest rate that is compounded monthly or compounded yearly?
What is compounded monthly?
The rule that describes how much of your budget should be spent on needs, wants, and savings.
What is the 50/30/20 rule?
Finish the lyric: CEO, entrepreneur, Born in 1964, ______, ______ _____
What is Jeffrey, Jeffrey Bezos?
Where are we going for senior night?
What is Dave & Busters?