Saving and Investing
Fee that is paid only on the original principal investment
Simple Interest
a share of a corporation sold to the public
stock
step two of Keys to Success
challenge _____, ______, and _______
challenge fear, doubt, and disbelief
Take responsibility for your life
Be Proactive
Goods or services that people cannot live without, such as water, food, shelter and clothing
Needs
A contract that outlines coverage plans and protects a person against financial loss or damage
Insurance Policy
the price of the stock at the close of the previous day
previous close
Find your _______; Success and Wealth will follow
Passion; what you love to do
Prioritize and do the most important things first
Put First things First
making a purchase based on an immediate want or due to the pressure of advertising
Impulse Buying
money paid out of pocket before insurance covers the remaining costs
Deductible/ Co-pay
reflects the total number of shares that have been traded throughout the day
volume
Delay Gratification
Define your mission and goals in life
Begin with the End in Mind
Money available to spend on goods and services that are not essential
Discretionary Income
An amount paid for an insurance policy (monthly payment)
Premium
Indicates the difference between the last trade price and what the price was before that
Change %
Work together to achieve more
Synergize
Have an everyone can win attitude
Think Win-Win
Expenses that differ from month to month
Variable Expenses
The amount of money originally invested
Principal
Stocks
Renew yourself regularly
Listen to people sincerely
Seek first to understand then to be understood
The next best alternative given up when making a choice
Opportunity cost