Escape the Rat Race

________________________ is something that puts money in your pocket.

• Cashflow

• Asset

• Liability

• Charity

____________________ is something that takes money from you.

• Asset

• Liability

• Cashflow

• Charity

_____________________ is an example of an asset

• Car payment

• Owning a vending machine

• Writing a hit song for a popular artist

• Paying rent

___________________ is an example of a liability

• Paying rent

• Owning real estate

• Owning a vending machine

• Writing a hit song

Profits [minus] expenses. AKA money you didn't have to work for because you invested in good assets.

• Asset

• Liability

• Cashflow

• Charity

______________________ means to think of other people. You can also get a tax benefit sometimes. This is a good thing to do.

• Charity

• Cashflow

• Asset

• Liability

Explain the 40-40-40 plan

• 40 hours/week; 40 years; retire on 40% that was never enough.

• A government plan to make everyone rich!

• A government plan for US foreign policy

• DOGE - by Elon.

Financial literacy matters because the #1 cause of arguments and divorce is over a lack of _______________________

• School

• Homework

• Money

• Sports

The measure of money coming in and money going out over a certain period of time

• Gross pay

• net worth

• liquidity

• cash flow

Which of the following is an example of a cash out-flow?

• Payment of Mobile Bill

• Rent received

• Won Lottery

• None of these