WorksheetsWISE
Total questions: 21
Worksheet time: 11mins
What are assets
the price of money
everything a person owns with monetary value
the original amount of money saved or invested
the portion of current income not spent on consumption
What is interest rate?
a rate that deducts a portion of your money from your account
everything a person owns
the percentage paid on money invested or saved.
What is liquidity?
The portion of current income not spent on consumption.
The original amount of money saved or invested.
A measurement of how much a person or household owns once all debts have been paid.
how quickly and easily assets can be accessed or converted into cash
What is principal?
The original amount of money saved or invested.
A measurement of how much a person or household owns once all debts have been paid.
The end result of something a person intends to acquire, achieve, do, reach, or accomplish.
The price of money.
What is pay yourself first?
An account at a depository institution that provides an easy method for withdrawing and depositing money.
Interest on Interest
saving strategy that states to set aside a predetermined portion of money for saving each time a person is paid before using any of the money for spending
What is compound interest
Interest taken off
Interest saved
Interest on Interest
Time Value of Money
saving strategy that states to set aside a predetermined portion of money for saving each time a person is paid before using any of the money for spending
a sum of money is worth more now than the same sum will be at a future date due to its earnings potential
An account at a depository institution that provides an easy method for withdrawing and depositing money.
A depository institution account that is designated to hold money not spent on current consumption.
What is the 50-30-20
50% Wants
30% Savings
20% Needs
50% Needs
30% Wants
20% Savings
50% Savings
30% Needs
20% Wants
What are EE bonds
they lower over the decades
they double over decades
What is the rule of 72?
The estimated amount of days it will take for your money to triple
days = 72/ 3
The estimated amount of years it will take for your money to double
time = 72/interest rate
The estimated amount of years it will take for your money to erase from your credit score
time = 75/ interest
The time in between 20 years it takes for your money to double
time = 72/20
What are bonds ?
Run by only people (not a corp), get exposure to many different investments, let you pool your money with other investors to "mutually" buy stocks, bonds, and other investments.
A form of lending to the government or a company in order for them to raise money. They pay interest and you get your money back.
You can purchase a share of a company, which can be sold for a higher price to make money.
A risky, short time assets based on “hunches” Example: crypto currency
What are mutual funds?
The rise in the general level of prices
Run by only people (not a corp), get exposure to many different investments, let you pool your money with other investors to "mutually" buy stocks, bonds, and other investments.
You can purchase a share of a company, which can be sold for a higher price to make money.
A collection of financial investments such as stocks, bonds and mutual funds
what are speculative investments
A risky, short time assets based on “hunches” Example: crypto currency
Reward paid to shareholders for their investments in a company
A collection of financial investments such as stocks, bonds and mutual funds
Profit received from selling stock above bought price
What are dividends
an investment account that allows you to buy and sell a variety of investments, such as stocks, bonds, mutual funds, and ETFs.
Reward paid to shareholders for their investments in a company
Profit received from selling stock above bought price
A discount broker is a stockbroker who carries out buy and sell orders at reduced commission rates compared to a full-service broker
What is a W-4 form
See gross pay and how much you took home (net pay)
Lets your employer know how much to withhold from your paycheck
IRS tax forms to report various types of income
Verify identity and employment authorization, Personal Info & Citizenship, Proof of Identity, Proof of Employment Authorization
What is the W-2 form
IRS tax forms to report various types of income
Lets your employer know how much to withhold from your paycheck
See gross pay and how much you took home (net pay)
Do you still owe taxes or do you get refunds
What is the I-9 form
Verify identity and employment authorization, Personal Info & Citizenship, Proof of Identity, Proof of Employment Authorization
Lets your employer know how much to withhold from your paycheck
See gross pay and how much you took home (net pay)
Do you still owe taxes or do you get refunds
What is the 1099 form
See gross pay and how much you took home (net pay)
Do you still owe taxes or do you get refunds
Verify identity and employment authorization, Personal Info & Citizenship, Proof of Identity, Proof of Employment Authorization
IRS tax forms to report various types of income
What is the 1040 form?
IRS tax forms to report various types of income
Do you still owe taxes or do you get refunds
Lets your employer know how much to withhold from your paycheck
What is Roth IRA
Contribute after-tax dollars, your money grows tax-free, and you can make tax- and penalty-free withdrawals after age 59½.
You contribute pre- or after-tax dollars, your money grows tax-deferred, and withdrawals are taxed as current income after:
What is traditional IRA
Contribute after-tax dollars, your money grows tax-free, and you can make tax- and penalty-free withdrawals after age 59½.
You contribute pre- or after-tax dollars, your money grows tax-deferred, and withdrawals are taxed as current income after:
