Chapters 10-12

Question 0

Free spirit or nerd?: number-oriented

Answer 0

Nerd

Question 1

Free spirit or nerd?: creative

Answer 1

Free spirit

Question 2

Free spirit or nerd?: spontaneous

Answer 2

Free spirit

Question 3

Free spirit or nerd?: rule follower

Answer 3

Nerd

Question 4

Free spirit or nerd?: less organized and not concerned about rules

Answer 4

Free spirit

Question 5

Free spirit or nerd?: organized

Answer 5

Nerd

Question 6

Free spirit or nerd?: late for meetings, dates, appointments- most everything

Answer 6

Free spirit

Question 7

Free spirit or nerd?: on time for everything

Answer 7

Nerd

Question 8

Free spirit or nerd?: easygoing

Answer 8

Free spirit

Question 9

Free spirit or nerd?: slow and steady when making decisions

Answer 9

Nerd

Question 10

Men or women?: emergency funds are boring and not sophisticated enough

Answer 10

Men

Question 11

Men or women?: emergency funds are the most important key to our financial plan

Answer 11

Women

Question 12

Men or women?: get good deals by negotiating

Answer 12

Men

Question 13

Men or women?: get good deals by hunting

Answer 13

Women

Question 14

Men or women?: lose self esteem when money problems pop up

Answer 14

Men

Question 15

Men or women?: experience fear or even terror when money problems arise

Answer 15

Women

Question 16

What is the number one cause of divorce in America?

Answer 16

Money fights

Question 17

Accountability

Answer 17

The quality or state of being responsible, liable or answerable

Question 18

Value system

Answer 18

A person’s priorities, beliefs, and standards that affect how he or she views the world.

Question 19

When married people do not share goals and values in how they manage money, which of the following can happen?

Answer 19

Conflict, stress, and divorce

Question 20

If you find a job you love:

Answer 20

1) You will make enough money to live

2) you’ll never work a day in your life

Question 21

Vocation

Answer 21

Career
Vocare (Latin): means “calling”
Your job is your calling from God

Question 22

What does the D in DISC stand for?

Answer 22

Decisive

Question 23

What does the I in DISC stand for?

Answer 23

Interactive

Question 24

What does the C in DISC stand for?

Answer 24

Cautious

Question 25

What does the S in DISC stand for?

Answer 25

Stabilizing

Question 26

What is DISC used for?

Answer 26

Employers use it for employment and job placement

Question 27

What are the five goal guidelines?

Answer 27

1) be measurable 2) be specific 3) have time limits 4) be your goals 5) be written down

Question 28

What are the 3 job searching circles

Answer 28

1. Geography 2. Industry 3. Permanence

Question 29

What is the purpose of Federal income tax?

Answer 29

It is used to support government programs

Question 30

FICA tax

Answer 30

It pays for benefits that workers and families receive for either 1. Social Security or 2. Medicare

Question 31

What is the primary tax on wealth?

Answer 31

Property tax

Question 32

Property Tax

Answer 32

The main source of revenue for local governments

Question 33

Sales tax

Answer 33

Tax on goods and services

Question 34

Earned income

Answer 34

Any income that is generated by working

Question 35

Portfolio income

Answer 35

Income generated by selling an investment at a higher price than you paid for it

Question 36

What does earned and portfolio incomes have in common?

Answer 36

They are both taxable

Question 37

Personal Branding

Answer 37

The process by which we "market" ourselves to others

Question 38

Income tax

Answer 38

Taxes paid by anyone who earns an income

Question 39

Cover letter

Answer 39

A letter that is always accompanied by a resume that is used to inform an employer of your interest and capabilities that relate to the job

Question 40

Resume

Answer 40

A brief account of one's professional or work experience and qualifications

Question 41

Social security

Answer 41

A federal insurance program funded by taxpayer dollars that provides benefits to people who are retired, unemployed, or disabled

Question 42

Property taxes

Answer 42

Taxes paid by anyone who owns property

Question 43

IRS stands for

Answer 43

Internal Revenue Service

Question 44

What is the difference between gross pay and net pay?

Answer 44

Net pay describes your pay after deductions, gross pay is before

Question 45

Nonprofits

Answer 45

Organizations that use money raised rather than distributing them as profit

Question 46

Philanthropy

Answer 46

Means "love of humanity", identifying and exercising one's values in giving and volunteering

Question 47

Legacy

Answer 47

Anything handed down from the past, something that someone has achieved that continues to exist after they are gone

Question 48

Core values

Answer 48

Traits or qualities that represent an individual's highest priorities

Question 49

What does tax deductible mean?

Answer 49

You don't have to report that as income and you don't pay tax on it

Question 50

What are examples of things that are tax deductible?

Answer 50

1. Contributions at church | 2. Tax deductible IRA's