Skip to main content

Chapter 3 Study Guide


Chapter 3 Study Guide | Print out this page or write down questions below and fill them in as you read through Chapter 3
Fill in the blank using your own words or quote directly from the book. 

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? 

Comments

Popular posts from this blog

Amazon Link and QR code to Money Mastery for Teens

  Amazon Link

Chapter 5 Study Guide

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...

Order workbook here

Link to order Money Mastery for Teens Workbook  Order Workbook Here