Money Moves
This type of income is earned without active involvement, like dividends or rental property.
What is passive income?
This method divides your income into needs, wants, and savings with a 50/30/20 rule.
What is budgeting?
Paying off your balance in full each month helps you avoid this.
What is interest?
This business structure protects personal assets in case of lawsuits or debt.
What is an LLC?
This financial product can provide for your family after your death.
What is life insurance?
This app offers beginner-friendly tools to invest in stocks, ETFs, and crypto, appealing to first-time investors.
What is Robinhood?
This term means spending less money than you earn.
What is living below your means?
This three-digit number determines your creditworthiness.
What is a credit score?
This type of funding is given in exchange for a share of your company.
What is venture capital?
This account type offers tax advantages for retirement savings.
What is an IRA or 401(k)?
The term for buying shares in a company to own a small part of it.
What is investing in stocks?
The process of negotiating a lower bill, like for cable or insurance.
What is bill negotiation?
This report details your borrowing history and is checked by lenders.
What is a credit report?
This free tool lets entrepreneurs create professional invoices to bill clients.
What is Wave?
This type of trust ensures your wealth is passed to beneficiaries as you wish.
What is a living trust?
This gig economy platform allows you to make money delivering food.
What is DoorDash or Uber Eats?
This financial tool automatically tracks expenses and helps you stay on budget.
What is a budgeting app?
This type of debt has higher interest rates, like store credit cards or payday loans.
What is high-interest debt?
This term refers to making money while you sleep through assets like ebooks or courses.
What is passive income?
This term refers to buying property to pass down to future generations.
What is real estate investment?
This federal agency insures your bank deposits up to $250,000.
What is the FDIC?
This financial cushion should ideally cover 3–6 months of expenses.
What is an emergency fund?
The recommended percentage of your credit limit to use to maintain a good score.
What is under 30%?
The practice of reinvesting profits back into your business for growth.
What is bootstrapping?
Teaching kids about this concept early helps them understand money management.
What is financial literacy?