perosonal finance 4

Money invested and time

What two elements do you need to build wealth though compound growth

Compound growth

Rate of return is a phrase used to describe what aspect of investing?

For an emergency fund, for large purchases, to build wealth

Three reasons to save money are…

Accrued interest to what you owe

If you make a late credit payment, you might see the lender, add…

Investing in your future

A great principle for saving money is, “start paying yourself and___.”

Time value of money

The ____ refers to the earning potential of money

Interest rate

__ deals such as 90 day same as cash are often used to get you to buy higher priced items

Principal

The initial amount of money you deposit or invest is called the…

Inflation

The price of goods and services increases over time due to…

Compound growth

— is the average rate of growth for an investment over a period of time

Rate of return

An investments ___ is its percentage gain or loss over time

Emergency fund

45% of Americans have less than 1,000 saved for an…