Misc.
Give an example of a short-term goal in SMART format
Anything within the next 3 years in SMART format
What is a resume?
Document with past education, experiences, awards, contact info, etc.
What is sales tax?
A tax on goods imposed by each state.
What is a credit card?
A card that you spend a limited amount of money on that you owe back at the end of the month.
What is a stock
A share of a public traded company that has the potential to earn or lose money based on the company's success.
Give an example of a long-term goal in SMART format
Anything 3 years + in SMART format
What is a cover letter?
Letter to potential employer explaining your qualifications and asking for an interview.
What is property tax?
A yearly tax on property such as vehicles, land, homes, etc.
What is a credit score?
A score that tells your history of being able to borrow money responsibly. If you pay back debt on time, don't max our credit cards, etc.
What is a bond?
A loan to the government for a set period of time where the investor is paid interest.
What does SMART stand for?
Specific, Measurable, Attainable, Reasonable, and Time-Oriented
What is the first question you will get asked in a job interview typically?
Tell us about yourself.
What is income tax and how is it determined?
Tax on the money you make. Amount based on how much your yearly earnings are.
What are 3 cons of credit cards?
You are going into monthly debt, rewards are incentives to spend more money, you can easily overspend, very high interest rates, etc.
What is a mutual fund?
A variety of small shares in different companies in different sectors that spreads out your risk.
3-6 months of living expenses
What should you wear to a job interview?
One step above what you'd wear on the job.
What is one tax form you might receive on the first day of a job?
I9 and/or W4
What are 3 pros of credit cards?
Can help you build a credit score, can help protect your identity, is safer to travel with, etc.
How can you diversify your investment portfolio?
Invest in companies in different industries and sectors, have stocks, bonds, and mutual funds
What is the difference in a 401K, Roth IRA, and Traditional IRA
401K is company sponsored
Roth IRA is individual that is taxed when you put your money in the account
Traditional IRA is individual that is taxed when money is taken out of the account
What is a reference?
Someone who you've worked for who can give a good recommendation about you to a potential employer.
What are 3 types of insurance you might need in the future?
Health, homeowners, renters, liability, life, auto, etc.
What is credit?
The ability to spend money on the agreement that you will pay it back at an agreed time
What does NYSE stand for in stock trading?
New York Stock Exchange