Building Wealth

If you invest $2,000 at 8% interest compounded annually, approximately how much will you have after 9 years?

• $2,160

• $3,600

• $4,000

• $8,000

Which investment option typically offers the LOWEST risk but also the LOWEST potential return?

• Individual stocks

• Savings account

• Cryptocurrency

• Index fund

According to the Rule of 72, approximately how long would it take for an investment to double at 6% annual interest?

• 6 years

• 12 years

• 36 years

• 72 years

Which of the following is NOT typically considered a wealth-building strategy?

• Regularly investing in low-cost index funds

• Using a high-interest credit card for daily expenses

• Contributing to a retirement account

• Creating multiple streams of income

If you're creating a wealth-building plan with a 15-year time horizon, which factor should influence your strategy MOST?

• Daily market fluctuations

• Your risk tolerance

• Current interest rates on savings accounts

• This month's trending investment topics