The four Laws that Govern the Building of Wealth from “The Richest Man in Babylon”
What is learn to live upon less than you earn, seek advice from those who are knowledgeable, make your wealth work for you, and a part of all I earn is mine to keep?
100
The three different types of financial institutions.
What is retail bank, credit unions, and online banks?
100
The period between buying an item and paying the bill.
What is the grace period?
100
Define credit score
What is a number that measures your financial responsibility?
100
ROI stands for
What is Return on Investment?
200
The formula of the Rule of 72
What is 72/interest rate?
200
FDIC stand for
What is Federal Deposit Insurance Corporation?
200
APR stands for
What is Annual Percentage Rate?
200
The three credit reporting agencies
What is Equifax, Transunion, and Experian?
200
An account created to save money for college.
What is 529 plan?
300
The difference between paying interest to a bank and earning interest from the bank.
What is borrowing money versus lending money?
300
3 banking fees
What is Out-of-Network ATM, Service, and Bounced Check Fees?
300
Three problems associated with making a late credit card payment.
What is Late Fee, Credit Score goes down, Higher interest rate(APR)?