Finals_Wealth and Investment

Wealth is defined as:

• Status

• Skill

• Luxury

• Power

Which of the following is NOT listed as a money skill?

• Earning

• Saving

• Investing

• Hoarding

Many people believe that money is important; but they do not think it is. Why?

• Money is abundant

• Money can't buy happiness

• Money is only for the wealthy

• Money is complicated

Which among these choices would probably be your answer when asked which is more important than wealth?

• Wealth

• Power

• Family, God, and love

• Material things

What is the first rule of wealth?

• Wealth is a choice

• Wealth is a value catalyst

• Wealth is an important skill; study it

• Wealth is easy to achieve

What is a value catalyst, according to Rule 2 of Wealth?

• Something that accelerates wealth

• Using wealth to express your values

• A tool to make wealth quickly

• A system for earning money

What are the three options given when choosing between wealth and a desire for a laptop?

• Buy on an installment plan, save for it, or forget about it

• Get a loan, use credit, or wait

• Rent, borrow, or buy

• Lease, trade, or skip

According to Rule 3, what is the relationship between wealth and poverty?

• Wealth comes to everyone

• Poverty is a choice

• Wealth is a choice; poverty is the result of not choosing

• Poverty comes with wealth

What does Rule 4 of Wealth say about starting on the path to wealth?

• Start tomorrow

• Wait for the right time

• Begin today, it's never too late

• Start when you have extra money

What are the stages in the process of building wealth?

• Earn, spend, save

• Awareness, earning, managing, building, blessing

• Awareness, debt, risk management

• Saving, borrowing, investing