financial stuff Flashcards
opportunity cost is the value fo what you
lose when you choose from two or more alternatives
net worth =
assests - liabilities
what are assets
income and savings/investment
liabilities are
spendings and debt
save at least __ % from every check
10
rule of 72
money doubles every 10 years at 7% or every 7 years at 10%
learning and finding new facts, ideas, and tips is what
conciousness raising
experiencing the negative emotions that go with unhealthy behavior risks is what
dramatic relief
counter conditioning
subsituting healthy behaviors for unhealthy behaviors
removing reminders or cues of the unhealthy behavior and adding cues to engage in healthy behaviors is what
stimulus control
only get term life insurance because
others are high fees and change based on stock market
standard insurances to get
life (term)
disability
home
car
loans to a company are
bonds
ownership of part of a company is
stocks
when do you pat tax deffered
on the way out
tax advantaged pay taxes when
on the way in
