How To Invest Your Extra Cash Wisely

How To Invest Your Extra Cash Wisely

Assessment

Interactive Video

Business, Life Skills

University

Hard

Created by

Quizizz Content

FREE Resource

The video tutorial discusses managing extra money, focusing on debt repayment, emergency funds, and investment strategies. It emphasizes the importance of paying off high-interest debt first, building an emergency fund, and diversifying investments to manage risks. The tutorial also covers tax planning and hiring financial advisors, highlighting the need for transparency in fees and ensuring advisors act in clients' best interests.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What should you prioritize if you have toxic credit card debt?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the recommended amount for an emergency fund according to financial planners?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What are some risks associated with investing in individual stocks?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

Why is it important to understand the fees associated with hiring a financial advisor?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What does it mean for a financial planner to be a fiduciary?

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