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 1 Study Guide | Print out this page or write down questions below and fill them in as you read through Chapter 1 What is the Barter system? What main commodity replaced the Barter system? What were paper note currencies? Why did people switch to paper note currencies? What are the 4 most commonly traded currencies today? What are digital currencies? What are the 2 most common cryptocurrencies mentioned? Fill in the rest of the Sentence. Inflation signifies: What percentage is ordinary inflation rates: What percentages are considered hyperinflation rates: What are the 6 mentioned impact points of inflation on personal finances? What are the 5 living costs, mentioned, impacted by inflation? Governments primarily fight inflation through: The 7 main employed strategies to fight inflation are: What are the 5 points mentioned on why personal finance is important? List top 7 money managing tips: List the 12
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