Quiz for:
Steps to Reach $50K Net Worth

Question 1

Since 1957, what has been the average annual return of the S&P 500 Index Fund?

Question 2

What is the target inflation rate set by the Federal Reserve?

Question 3

Which type of high-upside asset is explicitly recommended in the notes?

Question 4

What is the main financial goal for the audience targeted in the class notes?

Question 5

For someone saving $6,000/year with a 10% return, what percentage of the total $50,900 is from investing gains?

Question 6

What should you prioritize in your investment strategy after covering necessary expenses?

Question 7

According to the 1% rule, what should you consider if your net worth is $20,000 and you want to make a purchase over $200?

Question 8

What percentage of a raise or bonus is recommended to allocate towards savings and investments to prevent lifestyle inflation?

Question 9

After maxing out IRA and Roth IRA, where should you direct additional investments?

Question 10

What should remain a priority while trying to reach a $50K net worth?

Question 11

What is the purpose of setting up automated transfers for savings and investments?

Question 12

What percentage of your portfolio is suggested to invest in higher risk, higher upside assets?

Question 13

Who is the author of the book 'So Good They Can't Ignore You'?

Question 14

Which type of account is essential to start for investing purposes?

Question 15

How much more, on average, does a Nurse Practitioner earn compared to a Registered Nurse?