Rich Dad Poor Dad: Vocab Flashcards

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Questions and Answers

What does 'competent' mean?

A type of financial investment

Someone who is always fearful

Able to do something well (correct)

Not able to do something well

What are 'investments'?

A type of financial education

The act of using money to earn more money (correct)

A form of greed

Something that causes problems

What is a 'resume'?

A type of debt

A financial liability

A list of your accomplishments (correct)

The process of eviction

What is meant by 'financial education'?

Learning about money Signup and view all the answers

What is a 'liability'?

Something that causes problems Signup and view all the answers

What does 'asset' refer to?

A person or thing of value Signup and view all the answers

What are 'benefits'?

Extra offerings to employees Signup and view all the answers

What does 'incredulous' mean?

Not able or willing to believe something Signup and view all the answers

What does 'affluent' mean?

Rich Signup and view all the answers

What does 'occasionally' mean?

Sometimes Signup and view all the answers

What is 'eviction'?

When you get kicked out of your apartment or house Signup and view all the answers

What does 'quiver' mean?

Shake Signup and view all the answers

What is 'trepidation'?

Fear Signup and view all the answers

What does 'measly' mean?

Too small in size or amount Signup and view all the answers

What is 'debt'?

An amount of money that you owe Signup and view all the answers

What does 'greed' mean?

A selfish desire to have more of something Signup and view all the answers

What is meant by 'rat race'?

Work, pay bills, sleep, repeat Signup and view all the answers

What does 'desperate' mean?

Very sad and without hope Signup and view all the answers

What does 'neurotic' mean?

Always fearful or worried about something Signup and view all the answers

What is an 'observer'?

A person who sees and notices something Signup and view all the answers

What does 'reactor' mean?

A person who doesn't plan but just acts after something happens Signup and view all the answers

What is 'ignorance'?

A lack of knowledge, understanding, or education Signup and view all the answers

What does 'illumination' mean?

Knowledge or understanding Signup and view all the answers

What does 'collapse' mean?

Fall down suddenly Signup and view all the answers

What does 'emphatic' mean?

Said or done in a forceful or definite way Signup and view all the answers

What does 'exploit' mean?

To use someone or something unfairly Signup and view all the answers

Study Notes

Vocabulary Study Notes

Competent: Reflects the ability to perform tasks effectively and efficiently. A vital quality in professional and personal contexts.
Investments: Involves allocating money with the expectation of generating profit, crucial for building wealth over time.
Resume: A structured summary of an individual's education, skills, and accomplishments, used to attract potential employers or educational institutions.
Financial Education: The process of acquiring knowledge and skills regarding money management, investment strategies, and economic principles.
Liability: Refers to obligations or debts that may pose risks, impacting an individual’s financial health due to ownership of problematic assets.
Asset: Describes items of value owned by an individual or entity, essential for wealth accumulation.
Benefits: Additional perks provided to employees, such as health insurance or retirement plans, enhancing overall compensation.
Incredulous: Characterizes a state of disbelief or skepticism, indicating a lack of acceptance of certain information or situations.
Affluent: Describes individuals or communities with significant wealth, often enjoying a higher standard of living.
Occasionally: Indicates an action or event that occurs from time to time, not regularly or frequently.
Eviction: The legal process by which a tenant is removed from a property, typically due to non-payment of rent.
Quiver: Describes a slight shaking movement, often associated with fear or nervousness.
Trepidation: Represents a feeling of fear or anxiety about something that may happen, commonly regarding uncertain futures.
Measly: Describes something noticeable for its insufficiency or triviality, often diminishing its perceived value.
Debt: Refers to an obligation to pay money to another party, fundamentally impacting financial stability and planning.
Greed: A powerful and often negative desire for more wealth, power, or possessions, leading to unethical behavior.
Rat Race: A metaphor for the relentless cycle of working to earn money to pay bills, leaving little room for personal fulfillment or growth.
Desperate: Expresses feelings of hopelessness and despair, often in critical life or financial situations.
Neurotic: Describes a state of persistent worry or anxiety that may interfere with daily functioning.
Observer: One who notices or pays attention to events, gaining insights and information through observation.
Reactor: A person who responds impulsively to situations rather than planning or strategizing beforehand.
Ignorance: Lacking knowledge or awareness, which can hinder decision-making and personal growth.
Illumination: Represents enlightenment or clarity in understanding various concepts, crucial for informed decision-making.
Collapse: Sudden failure or breakdown, often referring to structures or systems but can also denote personal or financial crises.
Emphatic: Describes a strong, articulate statement or reaction, emphasizing the importance of communication.
Exploit: To unfairly utilize resources or individuals for personal gain, often resulting in negative consequences for others.

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Description

Enhance your understanding of key vocabulary from 'Rich Dad Poor Dad' with these flashcards. This quiz covers essential terms related to financial literacy and investing that are introduced in the intro and Chapter 1. Perfect for students looking to familiarize themselves with the concepts discussed in the book.