Term
| What are the seven cures for a lean purse? |
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Definition
1. Start thy purse to fatten
2. Control thy expendatures
3. Make thy gold to multiply
4. Gaurd thy treasure from loss
5. own thy own home
6. Insure future income
7. increase thy ability to learn |
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Term
| what are the three cs of success |
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Definition
courage
consistancy
commitment |
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Term
| what are the four elements of a job interview |
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Definition
appearence
introduction
questions
conclusion |
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Term
| what ratio is so important in esatblishing and maintaining your credit score |
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Definition
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Term
| what year did jim mcnamara introue the dinners credit card? |
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Definition
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Term
| what is the average credit card debt for those with a balene? |
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Definition
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Term
| what two factors accouont for 70% of your credit score? |
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Definition
| payment hisory and credit history |
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Term
| What are the three ways you defalut on a credit card? |
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Definition
pay late
exceed credit limit three times
bounce a check |
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Term
| what re the five ways to get out of debt and syat oout? |
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Definition
1. stop borrowing money
2. save money
3. sell some things
4. get a part time job
5. apply the debt snowball |
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Term
| what perecentage of income to americans save per year? |
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Definition
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Term
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Definition
| time it takes for a sum of money to double. |
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Term
| how does the federal reserve control the supply of money in the unitee states? |
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Definition
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Term
| how many moneths of income should you have in your emergecny fund? |
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Definition
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Term
| What are the first seven financial myths? (plus the ninth) |
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Definition
1. Loaning money is helping friend
2. cosigning a lon is helping
3. cash advance, rent to own, tec are needed services
4. playing the lotto will make me rich
5. car payments are a way of life
6. Leasing a car is what sophisticated people do
7. i can get a good deal on a new car
9. I will take out a 30 year mortgage plan and pay extra |
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Term
| what are the three characteristics of an Adjustable rate mortgage |
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Definition
| interest, payment and payoff varies |
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Term
| What are the four principles of financial prosperity |
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Definition
| tracking/targeting/trimming/training |
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Term
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Definition
| unit of ownership in a corpoeration |
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Term
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Definition
| use of savings for financial return |
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Term
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Definition
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Term
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Definition
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Term
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Definition
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Term
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Definition
| investers pooling money to purchase securuties |
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Term
| what are the two main characteristics of mutual funds |
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Definition
| diverstification and professtional managments |
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Term
| what are the two types of stocks |
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Definition
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Term
| which stock pays a fiexed diidend |
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Definition
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Term
| which stocks pays a stated divident |
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Definition
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Term
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Definition
| distribution of corpoerate money to shareholders |
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Term
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Definition
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Term
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Definition
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Term
| what execures the contract |
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Definition
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Term
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Definition
| restore to original state |
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Term
| what are the two sections of the auto plicy? |
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Definition
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Term
| in an auto ploicy, physical damage to your car covers collision and... |
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Definition
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Term
| liability insurance covers your |
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Definition
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Term
| which coveage in an auto policy have a adeductibile |
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Definition
| collision and comprehensive |
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Term
| what coverage ina n auto policy covers you as a pedestiral |
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Definition
| personal injurty protection |
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Term
| what coverage would pay for your bodiliy injurites if the person had no insurance |
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Definition
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Term
| what are the two sections of a renters policy |
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Definition
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Term
| what are the five sections of ahomeowners policy |
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Definition
dwellikng
other structures
guest medical
possesions
liability |
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