Chapter 3 Study Guide | Print out this page or write down questions below and fill them in as you read through Chapter 3
What is the 8th wonder of the world? What are the 3 points mentioned to understand compound interest better? What are the 5 points mentioned on how compound interest can impact your savings over time? What is the Rule of 72? True or False? The formula for the Rule of 72 is: Time (to double your capital) = 72/ annual interest rate What are the 5 points mentioned as advantages of the Rule of 72? What are the 3 points mentioned on the benefits of starting to save and invest early? What is wealth enhancement? True or False: All stocks carry the same level of risk? True or False: A diversified portfolio helps buffer the highs and lows of investing? What are the 3 points mentioned on embarking on saving and investing early in life? Who is Jeremy Schneider? What are Jeremy Schneider’s 6 key points of benefits from investing early in life?
Fill in the blank using your own words or quote directly from the book.
Chapter 5 Study Guide | Print out this page or write down questions below and fill them in as you read through Chapter 5 Fill in the blank using your own words or quote directly from the book. What are the 4 types of bank accounts? What does CD stand for? What are the 4 mentioned features of a checking account? What are the 3 mentioned features of a savings account? What are the 3 mentioned features of money market accounts? What are the 3 mentioned features of Certificates of deposit accounts? What are the 4 key differences of a checking and savings account? What is a joint account? What are the 5 mentioned advantages of having a joint account? What are the 5 mentioned downsides of having a joint account? What are the 5 mentioned pros of having multiple savings accounts? What are the 5 mentioned cons of having multiple savings accounts? What are the 6 key points in choosing the right financial services? What are th...
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