Podcast
Questions and Answers
What is the focus of Module 2 of Financial Awareness?
What is the focus of Module 2 of Financial Awareness?
- Setting realistic goals
- Knowing your why (correct)
- Investing for the future
- Growing income
Module 2 of Financial Awareness focuses on knowing your ______.
Module 2 of Financial Awareness focuses on knowing your ______.
why
True or false:Module 2 of Financial Awareness focuses on growing income.
True or false:Module 2 of Financial Awareness focuses on growing income.
False (B)
True or false: Passion and perseverance are not necessary for success in anything.
True or false: Passion and perseverance are not necessary for success in anything.
Personal motivation can include getting out of ______ debt, creating an emergency fund, or building wealth for retirement.
Personal motivation can include getting out of ______ debt, creating an emergency fund, or building wealth for retirement.
What are two necessary qualities for success?
What are two necessary qualities for success?
The seven aspects of financial awareness are: knowing your why, setting realistic goals, growing income, controlling spending, eliminating ______ debt, saving, and investing for the future.
The seven aspects of financial awareness are: knowing your why, setting realistic goals, growing income, controlling spending, eliminating ______ debt, saving, and investing for the future.
What is an example of personal motivation?
What is an example of personal motivation?
True or false: Personal motivation can include building wealth for retirement.
True or false: Personal motivation can include building wealth for retirement.
It takes patience, commitment, and new habits to achieve financial ______.
It takes patience, commitment, and new habits to achieve financial ______.
What are the seven aspects of financial awareness?
What are the seven aspects of financial awareness?
True or false: Professional motivation cannot include expanding a business.
True or false: Professional motivation cannot include expanding a business.
What is recommended for an emergency fund?
What is recommended for an emergency fund?
True or false: There are seven aspects of financial awareness.
True or false: There are seven aspects of financial awareness.
An emergency fund is recommended with three months worth of personal ______.
An emergency fund is recommended with three months worth of personal ______.
True or false: Prioritizing the seven steps to financial freedom is the same for everyone.
True or false: Prioritizing the seven steps to financial freedom is the same for everyone.
When is it recommended to invest in a Roth IRA or 401(k)?
When is it recommended to invest in a Roth IRA or 401(k)?
Investing in a Roth IRA or 401(k) is recommended once consumer debt is paid off and emergency funds are ______.
Investing in a Roth IRA or 401(k) is recommended once consumer debt is paid off and emergency funds are ______.
Why is it important to identify personal and professional motivation in writing?
Why is it important to identify personal and professional motivation in writing?
It is important to identify personal and professional motivation in writing to maintain financial awareness and ______.
It is important to identify personal and professional motivation in writing to maintain financial awareness and ______.
True or false: Achieving financial abundance requires patience, commitment, and new habits.
True or false: Achieving financial abundance requires patience, commitment, and new habits.
True or false: An emergency fund is not recommended.
True or false: An emergency fund is not recommended.
What are the first steps in prioritizing the seven steps to financial freedom?
What are the first steps in prioritizing the seven steps to financial freedom?
Next steps include growing income, controlling spending, reducing debt, ______ more, and investing.
Next steps include growing income, controlling spending, reducing debt, ______ more, and investing.
True or false: Investing in a Roth IRA or 401(k) is recommended before paying off consumer debt and establishing an emergency fund.
True or false: Investing in a Roth IRA or 401(k) is recommended before paying off consumer debt and establishing an emergency fund.
What is necessary to achieve financial abundance?
What is necessary to achieve financial abundance?
Prioritize order in which to tackle these goals: knowing your why and setting goals are universal first steps, next focus on growing income, controlling spending, reducing debt, ______, and investing.
Prioritize order in which to tackle these goals: knowing your why and setting goals are universal first steps, next focus on growing income, controlling spending, reducing debt, ______, and investing.
What will the next module of Financial Awareness focus on?
What will the next module of Financial Awareness focus on?
The next module will focus on creating smart goals for each ______.
The next module will focus on creating smart goals for each ______.
True or false: Identifying personal and professional motivation is not important for maintaining financial awareness and accountability.
True or false: Identifying personal and professional motivation is not important for maintaining financial awareness and accountability.
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Study Notes
- Module 2 of Financial Awareness focuses on knowing your why.
- Passion and perseverance are necessary for success in anything.
- Personal motivation can include getting out of consumer debt, creating an emergency fund, or building wealth for retirement.
- Professional motivation can include leveling up in a career or expanding a business.
- The seven aspects of financial awareness are: knowing your why, setting realistic goals, growing income, controlling spending, eliminating consumer debt, saving, and investing for the future.
- Prioritizing these steps may differ for each individual.
- It takes patience, commitment, and new habits to achieve financial abundance.
- An emergency fund is recommended with three months worth of personal expenses.
- Investing in a Roth IRA or 401(k) is recommended once consumer debt is paid off and emergency funds are established.
- It is important to identify personal and professional motivation in writing to maintain financial awareness and accountability.
- Prioritize the seven steps to financial freedom according to personal journey
- Knowing your why and setting goals are universal first steps
- Next steps include growing income, controlling spending, reducing debt, saving more, and investing
- Prioritize order in which to tackle these goals
- Next module will focus on creating smart goals for each step
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