Budgeting
Beliefs and principles related to finance that are important to you.
What are Personal Financial Values?
An investment that is a loan to a corporation or a government.
Bond
Ranges of income that determine how much an individual or family pays in federal income tax
What is tax bracket
This number is used by lenders to determine how much they charge you for interest on loans.
What is credit score?
The underlying technology that enables the existence of cryptocurrencies.
What is blockchain?
The club in which Mr. Goldin is a co-advisor.
What is FBLA?
What you can do to improve your chances of achieving a goal or budget.
What is writing it down or using the SMART acronym?
An investment that is a share of ownership in a corporation.
Stock
Two taxes paid during an individual's lifetime
What are income, payroll/FICA, sales, property taxes?
Something of value that is used by a lender to secure a loan.
What is collateral?
Expenses that do not change from month to month (like rent, mortgage, or car payment).
Fixed expenses
The state that Mr. Goldin lived in after college.
Daily Double
What is California?
What is the difference between gross and net income?
What is gross pay is what employees earn before taxes, benefits and other payroll deductions are withheld from their wages. The amount remaining after all withholdings are accounted for is net pay or take-home pay?
The three levels/tiers of risk an investment is assigned
Daily Double
What are aggressive, moderate, conservative?
The tax form you complete at the beginning of a job to inform the government of how much tax is withheld from your paycheck AND the tax form mailed to employees at the beginning of every new year to use to file their taxes
What are W4 and W2
The paperwork credit card companies must provide to consumers which include a clear, outlined description of apr, fees, and other penalties?
What is Schumer box?
The two major groups of cryptocurrencies.
What are bitcoin and altcoin?
The number of siblings Mr. Goldin has.
What is 3?
The SMART goal acronym stands for.
What is Specific, Measurable, Actionable/Attainable/Achievable, Realistic/Relevant, Time-based/bound?
The measurement of how often the price of an asset changes AND its corresponding indicator (hint: >1, 1, <1)
What are volatility and beta
The difference between tax deduction and tax credit
Daily Double
What is a tax deduction lowers your taxable income and thus reduces your tax liability whereas a tax credit is a dollar-for-dollar reduction in your actual tax bill
Who pays for credit card rewards programs and the way in which that cost gets to that group.
Who are consumers; the cost gets transferred to consumers through increased costs of goods provided by company who are charged transaction fees by credit card companies?
The three types of federal student loans
What are subsidized, unsubsidized, and plus loans
The two classes Mr. Goldin got drafted by during Battle of the Classes.
Who are the Freshmen and Juniors?
What are four expenses that should be included in a budget?
What are student loan payments, housing expenses, transportation expenses, tax expenses, utility expenses, food expenses, entertainment expenses, etc.
The investing style popularized by John Bogle AND three different benefits of this strategy
What is Indexing/Index Funds; What are low fees/expense ratio/turnover, diversification, consistent long term ROI, passive management
The reason the government provide tax benefits for a variety of financial decisions
What is to encourage that behavior/action - ie saving for retirement, pursuing higher education, purchasing a house
The way in which people under the age of 18 can get access to credit cards and the pro/con that makes it a double-edged sword.
What are authorized user accounts; this can hurt or help your credit score depending on how the primary owner uses it?
The idea that investing in a variety of assets at different risk levels and in different industries protects your investments AND an example of an asset or investment at each of the three risk levels.
What is diversification? Conservative - Govt. bonds, Gold, CDs, Savings Accts. Moderate - Index Funds, Mutual Funds, Real Estate. Aggressive - Crypto, Options, Derivatives, Futures, Collectibles
The name of Mr. Goldin's adorable niece.
What is Thea or Theodosia?