How financially literate are students? Kim Butler and Todd Strobel head back to high school to take a test. Questions about Financial Literacy are asked, answered, and discussed, as well as why a few of the questions themselves might be misleading! This financial literacy test features a segment about investing, financial responsibility and insurance, as well as a segment on credit cards and debt. There will be no talking during the test on today’s episode of the Prosperity Podcast.
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Show Notes:
[0:00] Prologue
[0:19] Intro
[0:37] The Financial Literacy Test
[1:59] The Best Source of Investment Advice
[4:22] Brokerage Firms that Provide Lowest Cost of Shares
[5:31] Who Supports the Loss of Value in a Mutual Fund?
[7:10] When are You Least Likely to be Asked About Your Credit Score?
[8:30] Which of These People Needs the Greatest Amount of Life Insurance?
[11:43] Prosperity Accelerator Pack
[12:21] Insurance that Covers Automobile Flood Damage
[13:05] Credit Cards for Those that Pay the Monthly Balance
[14:54] Minimizing Future Interest Payments
[16:30] Terms Not Associated with Borrowing
[16:58] Actions that Most Change a Credit Score
[17:51] Credit Scores and Finance Charges
[19:59] Wrap-Up
[20:38] Outro
Disclosure: Our content is meant for educational purposes only. While it’s our goal to help you learn about building a life of prosperity, we do not intend to provide financial advice. Please consult your financial, tax or legal advisor before making any investment or financial decisions.