Principles for Building Wealth

Principles for Building Wealth

Assessment

Flashcard

Other

12th Grade

Hard

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15 questions

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1.

FLASHCARD QUESTION

Front

What is the first money principle mentioned in the text?

Back

Checking bank accounts daily

2.

FLASHCARD QUESTION

Front

Why is it important to check bank accounts every day?

Back

To track fluctuations in finances

3.

FLASHCARD QUESTION

Front

What is the second money principle discussed?

Back

Investing without studying

4.

FLASHCARD QUESTION

Front

Why is it recommended to study investing before investing money?

Back

To avoid losing money

5.

FLASHCARD QUESTION

Front

What is the third money principle mentioned?

Back

Saving in emergency accounts

6.

FLASHCARD QUESTION

Front

Why should an emergency account only grow bigger?

Back

To handle personal financial hardships

7.

FLASHCARD QUESTION

Front

What is the fourth money rule discussed?

Back

Saving in lump sums

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