Lc session 23

What is passive income?

• • A) Money earned while working

• • B) Money earned without active work

• • C) Money earned by selling toys

What do financial goals help you do?

• • A) Plan your dreams

• • B) Eat more candy

• • C) Run faster

Which type of goal takes longer to achieve?

• • A) Short-term goals

• • B) Long-term goals

• • C) No difference

What's an example of a short-term goal?

• • A) Finishing a big project in school

• • B) Building a house

• • C) Buying a pet

What's the "E" quadrant about?

• • A) Climbing a mountain

• • B) Being your own boss

• • C) Stable income like a calm river

Which quadrant involves managing businesses?

• • A) "E" Quadrant

• • B) "S" Quadrant

• • C) "B" Quadrant

What is financial independence similar to?

• • A) Having someone else manage your money

• • B) Living life without depending on others' money

• • C) Always borrowing money

What does "medium risk" mean?

• • A) No risk at all

• • B) High risk, like a rollercoaster

• • • C) A moderate level of risk

What's an example of a long-term goal?

• • A) Buying a new toy

• • B) Going to space

• • C) Saving money for college

What is risk compared to?

• • A) An adventure with surprises

• • B) An everyday routine

• • C) Always going as planned