Skip to main content

Posts

Showing posts with the label Chapter 3

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 li...