Could You Pass This Financial Quiz? – Episode 203

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