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 2 Study Guide | Print out this page or write down questions below and fill them in as you read through Chapter 2 Fill in the blank using your own words or quote directly from the book. What exactly is saving? What are the 3 points mentioned on why saving is important? What are the 4 points mentioned on How to save with the help of Budgeting? What are the 12 tips for creating a practical budget? Fill in the acronym SMART GOALS: S M A R T What is short-term savings? What is long-term savings? What are the 8 points mentioned for long-term financial planning?
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