P.F. Chapter 3

Front

Which of the following would be considered an emergency fund expense? Lost cell phone, Video Game Sale, Blown car tire, Shoe Sale

Back

Blown car tire

Front

"Rate of return" is a phrase used to describe what aspect of investing?

Back

Compound growth

Front

In the Five Foundations, what is the Third Foundation?

Back

Pay cash for your car

Front

Which of the following questions helps you determine if something is actually an emergency expense? Is it urgent? Is it unexpected? Is it necessary?

Back

All the above

Front

Which principle says that a certain amount of money today is worth more than the same amount in the future?

Back

The time value of money

Front

What is the goal of an emergency fund?

Back

To have cash on hand for unexpected events

Front

                   is a millionaire's best friend.

Back

Compound growth

Front

When you make a purchase but later wish you hadn't done so, you experience:

Back

Buyer's remorse

Front

Once you have $500 emergency fund you should...

Back

Save it until you have an emergency

Front

What two elements do you need to build wealth through compound growth? Options: an inheritance and a lawyer, money invested and time, money invested and good stocks, time and wealthy relative

Back

money invested and time