Unit One Flashcards by jay naik | Brainscape

Q

Deep debt accepted as the norm

A

Debt Culture

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Q

Irresponsible spending, pretending to be rich

A

VISA Gold Card Mentality

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Q

Funds running out

A

Social Security Act 1935

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Q

Unprepared for retirement

A

Baby Boomers

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Q

Baby Step #3

A

Build Wealth

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Q

Safe, long term investing

A

Mutual Fund

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Q

Income designated is often matched by employer

A

401 K

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Q

$1000-

A

Emergency Fund

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Q

Self control gives us our goals

A

Sacrifice to Won

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Q

Just like money; can build or destroy

A

Brick

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Q

Emergency, Purchases, Wealth building

A

Reasons to Save

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Q

Preparation for Wealth Building

A

Baby Steps

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Q

Available cash

A

Liquid

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Q

High interest savings account

A

Money Market

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Q

Has a fee for depositing money

A

Certificate of Deposit

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