Opportunity Passport
When does OP meet?
The 2nd and 4th Wednesday of every month, 4-5:30pm
What is one factor that effects your credit score?
-Total debt
-Types of loans
-Payment history
-Age of credit history
-New credit inquiries
What is one required piece of paperwork if you want to match for a car?
-License
-Purchase agreement w/ description of car
-Kelley Blue Book price estimate
-Asset Purchase Request Form
-Insurance Quote
What is a stock?
A stock is a small piece of a company that you can buy, sell, and trade.
What is the best-selling video game of all time?
Minecraft - 200 million sales
Can you match for your monthly rent?
No - but you can match for first month's rent and a deposit on a home/apartment.
How often can you get your free credit report in one year?
Once a year for EACH of the three credit bureaus -- so 3 free ones a year, one of each.
Name three things you should consider when deciding if a car is a good purchase or not.
-Accident history
-Mileage
-MPG/Fuel efficiency
-Age
-Title
-Driving condition
-Dealership reputation
-Price
-KBB estimate
-Insurance costs
-Fit for your needs
Fill in the blanks: When buying stocks, you should try to buy _____ and sell _____
Buy low and sell high
How old is the show Sesame Street?
26
You always pay your phone bill on time. Will that record show up on your credit report?
No - utilities will only appear if payments become delinquent and in the form of inquiries.
Name two types of regular maintenance you should do to keep your car in good condition.
Oil change
Air filter
Brake pads
Tires rotated
Keep tire air pressure up
Alignment check
Breaks checked
What is something you can invest in besides stocks?
-Bonds
-Business start ups
-Real estate
-Anything that you can purchase and that may/will increase in value over time
What is the name of Spongebob's home town AND where does he work?
Bikini Bottom, the Krusty Krab
How often can you get an emergency withdrawal?
At most, once every 90 days.
Why is it important to have a good credit score?
-Lower interest rates on loans
-More likely to get loans
-Save money over time
-Possibly effects employment, utilities, and other things
Why does fuel efficiency (miles per gallon) matter?
-Saves you money
-How often you have to get gas
-Higher MPG is better for the environment
What are some reasons to invest your money?
Make your money grow over time
Long-term planning
Retirement
Income
Keep up with inflation
It's fun!
Where were the last Olympics held? Summer or Winter!
Summer 2016 - Brazil
Winter 2018 - South Korea
How many times can you match while you are in OP?
No limit -- just no more than $3000!
How long does a missed payment stay on your credit report?
7 years.
How long does the average car last, in miles?
Average lifespan of a car: between 165,000 and 200,000 cars
You purchase a bond for a set period of time and at a set interest rate. Basically, you are loaning the organization money for a period of time and they pay you back with interest. At the end of the term, you get back your money PLUS the interest it has earned.
Where were the 2020 Summer Olympics supposed to be held?
Tokyo, Japan