careers financial test

Income

The money coming in. The money received for work or through investments

How to make yourself more valuable

Create value for yourself and others. This helps you differentiate yourself from others in the job market. Obtain more skills to be different and put in effort/work more.

Principles to know

1. First one here, last one to leave

2. No texting on the job

Expense

Money paid for goods and services

50 30 20 rules

50 for bills

30 for debt and savings

20 for entertainment

Steps

1. maximize your earning through budget

2. Save to build assets

3. Put together a diverse financial plan

4. Limit expenses and liabilities

Assets

Money or property that you own that has value

Habits suggested

Create a savings account

Practice putting in 5-10 dollars a week

Principle to life by

1. Pay yourself first

2. Don’t put all your eggs in one basket

Mutual fund

A managed portfolio of many different stocks

Index fund

Match the performance to a group of companies

Credit is good

Assist with education or housing

Return on investment

Bad credit

Buying things with low value

Not paying your bills on time

One blessing

Avoidance of credit debt early on. You avoid financial stress of paying every month.