Could You Pass This Financial Quiz? - Episode 203
Episode description
Summary:
In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel test their knowledge by taking a quiz from FINRA.org. Advisors: listen up to see if you could correctly answer these interesting financial questions.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at welcome@prosperitythinkers.com and we may answer it in an upcoming episode.
Links in this Episode:
Submit your questions: welcome@prosperitythinkers.com
Financial quiz: FINRA.org
Show Notes:
00:00 Intro
00:38 Taking a quiz on financial literacy on FINRA.org
01:30 Calculating compounding interest
02:30 Calculators that Kim and Todd use
02:46 Free Calculator App
04:20 Inflation vs. Interest rates
04:45 What happens to bond prices if interest rates fall
06:00 Mortgage payments
07:20 Financial Planning Has Failed
07:44 Buying single company stock vs. stock mutual fund
08:50 Investment calculations
12:45 Busting The Interest Rate Lies
14:00 Listener input welcomed