Being Intentional
What is budgeting?
Putting your money into something that you believe will make you money is called....
What is investing?
These are the 2 most common accounts most Americans have in their lifetime.
What is a checking account and savings account?
This number determines whether or not someone will lend you money.
What is a credit score?
This type of account is a safe place to park your money and will give you more interest than your ordinary savings account.
What is a high yield savings account / money market fund?
These short, medium, or long term aspirations should serve as something to work towards.
What are goals?
Earning interest on both your original money and past interest is called...
What is compound interest?
What do you call money you receive regularly from a job?
What is income?
When you borrow money, you now have this.
What is debt?
If I borrow money from the bank to buy a house, I now have a ______.
What is a mortgage?
These are things you have to pay for every month in order to sustain your lifestyle.
What are bills / expenses?
In this market, individual investors can buy equity in publicly traded companies.
What is the stock market?
When you get a paycheck, this is the money that comes out and goes to state and federal governments.
What are taxes?
When using a credit card, the number that determines how much you pay back to the bank is called...
What does IRA stand for?
What is Individual Retirement Account?
Budgeting is important because it can help you become ______ _______.
What is financially independent?
This account is the most common investment account that allows people to buy stocks and bonds.
What is a brokerage account?
A house, stocks, and bonds are all considered this.
What are assets?
This type of long term debt has a fixed interest rate and and fixed monthly payment.
What is a loan?
This is a tool that can protect your family in the event of an unexpected tragedy or help leave a legacy behind for your loved ones.
What is life insurance?
This rule serves as a general guideline for creating your own budget.
What is the 50/30/20 rule?
This is the most commonly used benchmark in the stock market, that tracks the performance of the 500 largest companies.
What is the S&P 500?
Starting at age 21, if you put $100 into your investment account every month until you turn 55, about how much will you have in your account? (Take a good guess)(round up)
What is $200,000?
What is 30%?
In any given 10 year period, what is the likelihood that an investment in the S&P 500 will give you a positive return? (Answer must be expressed as a percentage)
What is 90%?