Personal Financial Planning

What is considered a "liquid asset"

• Rolex

• Jordans

• Cash

• Jewelry

The purpose of personal financial plan is to what...?

• create your best possible financial future.

• to see how little you have compared to other people and then use that as inspiration to do better

• help you avoid common financial pitfalls and accomplish your goals

• All of the above

What is the largest form of debt in the U.S.?

• credit card

• mortgages

• legal fees

• student loans

Filing for Bankruptcy means that who is now going to be in control of your money?

• Tax Auditor

• Courts

• Banks

• Your Family

How do most people fall into bankruptcy?

• They made a bad investment and lost money in stocks

• They spend more than they earn

As the cost of living is rising, where do most people choose to stay?

(a)  

Why do people choose to stay at home?

• save money

• moving out is expensive

• they don't feel ready to move out yet

• all of the above

What percentage of College students own a credit card?

• 20

• 40

• 60

• 80

There are 6 common personal finance goals that people have. What are they?

Do most people plan for retirement?

• yes

• no