Riding Life’s Waves Quiz

What is the main theme of the Riding Life’s Waves module?

• The history of financial markets

• The impact of significant life events on personal financial income

• The benefits of early retirement

• The role of government in personal finance

Which life stage is NOT explicitly mentioned in the module?

• Tertiary education

• Mid-career

• Childhood

• Retirement

What is a common source of income during the tertiary education stage?

• Casual work

• Pension

• Rental income

• Full-time salary

What is a potential consequence of income sources changing?

• Increased financial stability

• Guaranteed job security

• Permanent financial loss

• Immediate wealth

Which of the following is a significant life event that can impact income?

• Buying a first home

• Winning a lottery

• Reading a book

• Watching a movie

What is a potential solution to minimize the financial impact of a significant life event?

• Quitting your job

• Seeking budgeting advice

• Ignoring the event

• Spending more money

Which resource is suggested for exploring the effects of significant life events on income?

• Local newspaper

• Sorted.org.nz

• Social media

• Wikipedia

What is a common source of income during the retirement stage?

• Inheritance

• Part-time job

• Student loan

• NZ Super

What is a reason for income sources changing in the mid-career stage?

• Winning a prize

• Retirement

• Starting school

• Increased job experience

What is a positive impact of having more money than needed?

• More debt

• Supporting loved ones

• Increased stress

• Higher taxes