Money Management (whathuhinvesting.com)
Terms in this set (55)
a person that handles the books, taxes, and finances for an individual or business
a statement of the assets, liabilities, and capital of a business or other organization at a particular point in time
seeing an item and purchasing it without a previous plan to buy it
budget items that stay the same from month to month...car payments, mortgage
budget item that can change each month...credit card bill, electric bill
expenses, savings, investments equal income
expenses exceed income
a financial plan
money after taxes and deductions
money after taxes, deductions, and necessary expenses
long term goal
generally a plan for more than a couple of years
fringe benefits/employee benefits
additional pay, leave, health care offered to employees above their normal pay
the difference between two choices
"pay yourself first"
a strategy to help everyone obtain financial security
the total amount a person earns before taxes and deductions
also called take home pay
people that need you for income and support
a person will have different needs at different times in their life
statistical data relating to the population and particular groups within it...age, sex, religion, race, etc
monetary obligations due within a short time, usually within a year
net worth statement
a formal report that shows what an individual owns, what an individual owes, and the difference between the two.
efforts to improve the well-being of humankind, generally through giving money
a person or firm not otherwise in banking, who provides independent funds for mortgage financing as opposed to banks that rely on deposits of funds to originate loans
Realtor (Real Estate Broker)
Any real estate licensee who is a member of the National Association of REALTORS (NAR), assists in selling property, houses, or rentals
An insurer employee who evaluates applicants for insurance, selects those that are acceptable to the insurer, prices coverage, and determines policy terms and conditions.
Insurance sales person
They help insurance companies generate new business by contacting potential customers and selling one or more types of insurance
an individual license to buy and sell stocks on behalf of others
monetary value of a property minus the amount owed on the property
savings that are put to work to earn more money
the degree of uncertainty that an investor can handle in regard to a negative change in the value of his or her portfolio.
Anything of value that is owned
A crime that involves someone pretending to be another person in order to steal money or obtain benefits
A measure of the ease with which an asset can be converted into money without a significant loss of value.
A form of credit in which the total amount of the bill does not have to be paid each month
take advantage of ill-informed consumers through excessively high fees and interest rates for credit
the practice of lending money at exorbitant rates
Rising from a lower to a higher social class or status.
time value of money
the value of money today is greater than the value of that same amount of money in the future
a written and signed promise to pay a sum of money at a specified time
comparing prices, warranties, customer service, and other elements when making a purchase
an investor who has holdings in several different industries; Don't put all your eggs in one basket.
person who risks money in order to make a large profit
Better Business Bureau
A non-profit organization sponsored by local businesses to provide general information on companies. It maintains records on consumer inquiries and complaints and sometimes offers various consumer education programs.
Closing down the operations of a business and selling its assets and operations to pay its debts and distribute any gains to stockholders.
the skills and knowledge gained by a worker through education and experience
An attack that sends an email or displays a Web announcement that falsely claims to be from a legitimate enterprise in an attempt to trick the user into surrendering private information
total assets minus total liabilities
A situation in which quantity supplied is greater than quantity demanded
The owner of property that is leased or rented to another
A person who pays for the right to live in a residence owned by someone else
is the cost consumed in a reporting period related to the following types of expenditures: Electricity. Heat (gas) Sewer. Water.
Rule of 72
The number of years it takes for a certain amount to double in value is equal to 72 divided by its annual rate of interest.
a way of life that involves little physical activity
agriculture or mineral products, like corn, wheat, gold and silver...better investment when the economy is bad
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