True or False:

In the real world, you don't get paid for effort but rather when you create value for others.

The money one spends in order to get something.

True or False:

One's Expenses should be more than one's income.

In the 50-30-20 budgeting tip presented in the video, what constitutes the 50%?

When planning a budget, one should identify his/her fixed costs. The following are examples of fixed costs except:

Following the 50-30-20 budgeting tip, how much should a person save if he earns Php 1000.00?

In the video, this is considered as the first step to financial literacy.

These pertain to the money or property you own that has value.

Complete the Statement:

The road to building assets starts with _____.

This is a managed portfolio of many different stocks.

True or False: It is better to save when you're about to reach retirement age than when you're still young and enjoying life.

The debt you owe to a person or business

Following the 50-30-20 budgeting tip, to which of the following should the 20% be spent?

It is better to buy something with credit that is an asset versus simply consuming something with credit. Which is an example of an asset?