STORYBOARDS AND CALCULATORS FROM THE PERSONAL ECONOMIC MODEL

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* 1. The purpose of the Personal Economic Model is to foster the ability to create sustainable balance between current lifestyle desires, and future lifestyle requirements.

True

False

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* 2. The definition of debt is a financial obligation where the only way you have to pay for it is from money you have yet to earn.

True

False

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* 3. Every dollar of income will eventually pass through the tax filter.

True

False

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* 4. If you purchase a home for $200,000 and take out of loan for $180,000, how much debt do you owe?

$200,000

$180,000

$20,000

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* 5. You can pay off a car loan but you cannot pay off transportation expenses.

True

False

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* 6. Borrowing funds with no collateral will reduce your future lifestyle.

True

False

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* 7. Tax deferred really means tax free.

True

False

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* 8. The investment tank doesn’t have a lid because those assets are insured.

True

False

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* 9. The investment tank only represents retirement assets.

True

False

STORYBOARDS AND CALCULATORS FROM THE PERSONAL ECONOMIC MODEL

Question Title

* 1. The purpose of the Personal Economic Model is to foster the ability to create sustainable balance between current lifestyle desires, and future lifestyle requirements.

Question Title

* 2. The definition of debt is a financial obligation where the only way you have to pay for it is from money you have yet to earn.

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* 3. Every dollar of income will eventually pass through the tax filter.

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* 4. If you purchase a home for $200,000 and take out of loan for $180,000, how much debt do you owe?

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* 5. You can pay off a car loan but you cannot pay off transportation expenses.

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* 6. Borrowing funds with no collateral will reduce your future lifestyle.

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* 7. Tax deferred really means tax free.

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* 8. The investment tank doesn’t have a lid because those assets are insured.

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* 9. The investment tank only represents retirement assets.

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* 10. Please enter your full name.