EVERFI: The Financial Stages of Life

During which stage are your earnings likely at their lowest?

• Education and training

• Early career

• Mid-career/Career change

• Late career

During which stage are your earnings likely at their highest level?

• Education and training

• Early career

• Mid-career/Career change

• Late career

How do your earnings change over the course of your career?

• Earnings increase each year that you work.

• Earnings decreases each year that you work.

• Earnings increase or decrease based on your choices.

• Earnings changes cannot be controlled or predicted.

Which of the following is a good way to increase your earnings?

• Switch jobs frequently.

• Work multiple jobs or more hours per week.

• Stay with the same employer for a long time.

• Ger more education or training for a more advanced job.

What is "investment risk tolerance"?

• How risky investing in a new business is.

• The amount of money that you invest each month.

• How much money you're able to accept losing as an investor.

• The amount of money you have lost from investing.

The amount of money you are able to accept losing as an investor is called:

• Earning potential

• Risk tolerance

• Financial stage of life

• Financial considerations

Currently, which financial stage of life are you in?

• Education and training

• Early career

• Late career

• Retirement

A person who is starting out in their first job after completing a trade school program to become an electrician is in which financial stage?

• Education and training

• Early career

• Late career

• Retirement

When is the best time to start saving for retirement?

• Early career

• Mid career

• Late career

• As soon as possible

What should you start doing as soon as you start working?

• Taking out a loan for education

• Saving for retirement

• Create a resume

• Applying for a job