Money IQ Challenge 6
Question: ❓What has the biggest impact on how much your money grows through compound interest? A) The amount you start with B) The interest rate C) How often you check your account D) How long you leave the money invested Answer: ✅ D) How long you leave the money invested. Here’s why: While starting amount […]
Money IQ Challenge 5
Question: ❓Which of the following is most likely to cause someone to run out of money in retirement? A) Not saving enough B) Market downturns C) Poor budgeting D) Living longer than expected Answer: ✅ D) Living longer than expected Here’s why: Outliving your money is one of the most underestimated (but most dangerous) retirement […]
Money IQ Challenge 4
Question: ❓Which habit leads to the worst investment results over time? A) Holding during market drops B) Not checking your portfolio C) Panic selling during volatility D) Investing in index funds Answer: ✅ C) Panic selling during volatility Here’s why: Panic selling is one of the most damaging investor behaviors. When markets drop, many people […]
Money IQ Challenge 3
Question: ❓Which of these has the most potential to change your financial future? A) Getting a big tax refund and calling it a win B) Logging every coffee into a budgeting app C) Finding ways to grow your income D) Timing the market perfectly every time you invest Answer: ✅ C) Finding ways to grow […]
Money IQ Challenge 2
Question: Which of the following factors has the biggest long-term impact on how much money you’ll have in retirement? A) How much you save B) When you start investing C) Picking the “right” stocks D) Avoiding taxes altogether Answer: B) When you start investing Here’s why: When you start investing is the best answer — […]
Money IQ Challenge 1
Question: The Federal Reserve (also called “The Fed”) lowering interest rates can be good news for which of the following? A) People with credit card debt B) Savers with high-yield savings accounts C) People getting a new mortgage Answer: C) People getting a new mortgage Here’s why: When the Fed lowers interest rates, mortgage rates […]
