Principles for Building Wealth
Flashcard
•
Other
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12th Grade
•
Practice Problem
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Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
What is the first money principle mentioned in the text?
Back
Checking bank accounts daily
2.
FLASHCARD QUESTION
Front
Why is it important to check bank accounts every day?
Back
To track fluctuations in finances
3.
FLASHCARD QUESTION
Front
What is the second money principle discussed?
Back
Investing without studying
4.
FLASHCARD QUESTION
Front
Why is it recommended to study investing before investing money?
Back
To avoid losing money
5.
FLASHCARD QUESTION
Front
What is the third money principle mentioned?
Back
Saving in emergency accounts
6.
FLASHCARD QUESTION
Front
Why should an emergency account only grow bigger?
Back
To handle personal financial hardships
7.
FLASHCARD QUESTION
Front
What is the fourth money rule discussed?
Back
Saving in lump sums
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