Do you know how to make your money grow?

Two out of three adults worldwide is financially illiterate…

Let’s have a Pop Quiz. See if you can answer these questions (without consulting Google) and we’ll discuss the answers at the end.

1. Suppose you have $100 in a savings account earning 2 percent interest a year. After five years, how much would you have?

  • More than $102
  • Exactly $102
  • Less than $102
  • Don’t know

2. Imagine that the interest rate on your savings account is 1 percent a year and inflation is 2 percent a year. After one year, would the money in the account buy more than it does today, exactly the same or less than today?

  • More
  • Same
  • Less
  • Don’t know

3. If interest rates rise, what will typically happen to bond prices?

  • They will rise
  • They will fall
  • They will stay the same
  • There is no relationship
  • Don’t know

4. True or False: A 15-year mortgage typically requires higher monthly payments than a 30-year mortgage but the total interest over the life of the loan will be less.

  • True
  • False
  • Don’t Know

5. True or False: Buying a single company’s stock usually provides a safer return than a stock mutual fund.

  • True
  • False
  • Don’t know

How do you think you did? Was your heart racing like you were back in high school? I always hated those surprise quizzes. Anyway…

Before we jump into the answers, here’s a quick lesson on how you can make your money grow in Three Easy Steps:

  1. Avoid taxation.
  2. Beat inflation.
  3. Never LOSE money in the market.

See, taxes, inflation, and market losses are the enemies of wealth. If you can avoid those three things – or beat them! – your money will grow and start to work for you. I’ve got a great video to share with you that will explain this in a little more detail.

Watch this video all the way to the end…you’ll be glad you did.

So, what are the answers to your Pop Quiz?

  1. More than $102
  2. Less
  3. They will fall
  4. True
  5. False

HOW DID YOU DO?

Let me know in the comments OR message me if you didn’t do so well. 

They don’t teach this stuff in school! That’s why I’m here to provide financial education to families…don’t let your family fall behind because you didn’t learn How Money Works!

Leave a reply

Copyright © 2015 Your Family Lifestyle Coach / info@yourfamilylifestylecoach.com / (678) 894-4112

Facebook   Twitter   Instagram   Pinterest   Email

Brand + Website by GoldenFoxDesign