Personal Finance End of Year

Personal finance is 20% head knowledge about money. What's the other 80%?

• Cash in the bank

• Experience

• Behavior

• Relationships

The Five Foundations provide a simple ____ to help you win with money.

• Action plan

• Guide for investing

• Suggestion

• Educational course

A ____ expense stays the same from month to month.

• Variable

• Intermittent

• Discretionary

• Fixed

What's your biggest wealth-building tool?

• Investments

• Savings account

• Income

• Inheritance

What will tracking expenses help you do?

• Stick to a budget

• Catch errors

• Make adjustments

• All of these

The First Foundation is: Save a ____

• $5,000 emergency fund

• $500 emergency fund

• $1,000 emergency fund

• $100 emergency fund

What two elements do you need to build wealth through compound growth?

• An inheritance and a lawyer

• Money invested and good stocks

• Money invested and time

• Time and a wealthy relative

With a debit card, you can do everything you can do with a credit card except what?

• Rent a car

• Stay at a hotel

• Fly on an airplane

• Go into debt

I need to have a FICO score.

• True

• False

What's the main reason why people have trouble being content?

• Comparison

• Income

• Marketing

• Patience