Entrepeneurs
Investing
Saving
Random
Samurai
100
What is the name for someone who takes on the risk and responsibility of starting a business?
An Entrepeneur
100
What is diversification?
The idea that if you invest in multiple different assets, you will benefit
100
Compared to other investments, how much interest do you get for placing your money in a traditional savings account?
Lower interest but also no risk (your money will always be there)
100
What is a commerical loan?
A loan to start a business
100
Which country are Samurai from?
Japan (in East Asia)
200
What is this graph showing?
How businesses close after several years of operating, on average.
200
What is a mutual fund?
A combination of many stocks and bonds
200
What is a CD or timed deposit account?
You keep your money in the bank for a few months, take it out after that with some interest.
200
What is a Mortgage Loan?
A Special loan to buy a house
200
Historically, who were Ninjas?
They were farmers
300
Describe two unique rewards for starting a business
Nearly unlimited potential to make money, Flexibility, love what they do
300
How does Crypto compare to other investment options in terms of risk and yield?
Crypto has more risk and also more yield
300
What is a company retirement plan?
Many companies give money to workers over time to special accounts to help them retire (called pensions or 401ks)
300
In the stock market game, which 3 types of assets were there?
Cash, Stocks, Real Estate
300
What is Seppoku?
Ritual self sacrifice to preserve honor, done by Samurai
400
Describe two unique risks of starting a business
Financial insecurity (raising money), Fear of Failure, Hiring employees, long hours.
400
What is a stock?
Ownership in a company. Medium/ high risk, medium / higher yield.
400
What is social security?
A government program that gives money to retired workers
400
In the stock market game, which asset represented "safest" investment (similar to a savings account or a bond)
The house
400
Who were the Shogun?
Military generals of the Emperor's army, the most powerful people in Japan!
500
What did Bill Gates become famous for?
Co-founder of Microsoft and software technology
500
What is a government bond?
Low risk, low yield (low interest rate). You loan money to the government
500
What is a rainy day fund?
An easily accesible pile of savings for if something bad happens (should be equivalent to a few months of salary)
500
Is it better to pay the monthly minimum on a credit card or the full balance and why?
Better to pay full balance because less interest
500
What weapons did the Samurai use?
2 Swords (Katana is the most famous sword)
600
What did Madam C J Walker become famous for?
First woman millionaire - haircare products
600
What is compound interest?
The idea that interest (the extra you pay on top of a loan) gets larger and larger over time
600
What does it mean that savings help you weather hard times?
If bad things happen to you, you want savings as a buffer.
600
Is it better to put a small or large down payment on a house? Why?
Large is better so you borrow less from the bank
600
What idea / value is most important to the Samurai warriors?
Their Honor