4 types of expenses, cryptocurrency, fiat money, financial IQ

Cryptocurrency

are digital tokens, they are not physical coins or cash, it is a form of currency that exists digitally or virtually.

Financial intelligence

________ is one investment you can never lose.

Financial IQ

________ indicates how much knowledge you know about finance.

James Howells

And ________ was an early miner of Bitcoin and he had 7500 bitcoins stored in a hard drive.

hard drive

A(n) ________ is where all your data goes.

Cryptocurrency

________ is decentralized digital money, meaning… there is no central authority (bank, government) involved.

(Fun fact

if you know blockchain technology, you can create your cryptocurrency.)

Examples of other cryptocurrencies

Ethereum, Ripple, Cardano, Litecoin, Dogecoin, and Bitcoin Cash (Bitcoin is the worlds largest cryptocurrency.)

Examples

The US Dollar, Philippine Peso, Indian Rupee, The Euro, and The British Pound

Variable Expenses

expenses that vary from month to month.

Financial IQ

how much knowledge you know about finance.

Who invented bitcoin?

Satoshi Nakamoto

Discretionary expenses

non essentials, expenses for things we don't need.

Fiat money

money that the government declares to be legal tender, money printed by the government.

Periodic expenses

expenses that occur at various times throughout the year and tend to be in large amounts.

Examples of Fiat Money

Philippine Peso, US Dollars, Indian Rupee, British Pound.

Fixed expenses

expenses that does not change from month to month.