Page 6 Flashcards
1
Q
your budgets should be in this order
A
true
2
Q
___ is a millionaires best friend
A
compound growth
3
Q
the purpose of an emergency fund
A
cover unexpected expenses
4
Q
why do stores rarely advertise full price
A
by showing you only monthly payment it seems affordable
5
Q
compound interest is earned at a fixed rate while
A
compound growth
6
Q
reasons for saving hard earned money
A
emergencies, large purchases, and wealth building
7
Q
once you are out of school and zero debt
A
3-6 months of living expenses
8
Q
third foundation
A
pay cash for car
9
Q
top 3 careers for millionairs
A
accountants, engineers, teachers
10
Q
in order to outpace inflation when investing,
A
false
11
Q
while saving your money isnt easy at first, it will make lif a lot
A
easier
12
Q
90% of millionaires make over $100,000
A
false
