Finance and Lifestyle Quiz

When was the word millionaire first used in English?

• 1900s

• 1600s

• 1700s

• 1800s

How many numbers does Julie Lord say you need to start with for lifestyle financial planning?

• Five

• Four

• Three

• Two

What is a cashflow forecast?

• A weather prediction

• A calculation of future money expectations

• A retirement plan

• A budgeting tool

What is considered as assets in financial planning?

• Rent and food expenses

• Credit card debts

• Savings and investments

• Income and expenditure

What does the phrase 'give us a hand' mean?

• To clap

• To shake hands

• To wave goodbye

• To ask for help

What is the main focus of lifestyle financial planning according to Julie Lord?

• Old age financial planning

• Retirement savings

• Financial organization for younger people

• Investment in stocks

What is the purpose of a lifetime cashflow forecast?

• To estimate future income

• To calculate future expenses

• To predict lottery winnings

• To plan for retirement

What is the term for the money that you owe in financial planning?

• Liabilities

• Expenditure

• Assets

• Income

What is the value of things you own considered as in financial planning?

• Liabilities

• Income

• Expenditure

• Assets

What is the money you have coming in considered as in financial planning?

• Income

• Expenditure

• Assets

• Liabilities