Ugba 135 midterm 1 exam - Study guides, Class notes & Summaries

UGBA 135 Midterm 1 Final Exam Prep Q uiz 2024.ALL Bankruptcy are handled in federal court - correct answer TRUE Should you always try to contribute enough to your 401K to get the employer match? - correct answer Yes Are community property laws established by the IRS or states? - correct answer States What is a notary public? - correct answer A public officer constituted by law to witness the execution of certain classes of documents like mortgage documents, wills, trusts, deeds What...

UGBA 135 Midterm 1 (Fall 2023) Exam Questions with correct Answers

ALL Bankruptcy are handled in federal court - Answer- TRUE Should you always try to contribute enough to your 401K to get the employer match? - Answer- Yes Are community property laws established by the IRS or states? - Answer- States What is a notary public? - Answer- A public officer constituted by law to witness the execution of certain classes of documents like mortgage documents, wills, trusts, deeds What is a prenup agreement? - Answer- A prenuptial agreement is entered into be...

21st Century Millionare - Answer- - Someone who can financially take care of themselves without help from any government agency, living the life they want to lead - After working for 40 years, only 5% of people are financially independent (don't need government assistance) - Cornerstone of their wealth = being frugal (not cheap, but value-oriented) --> budget and spend carefully, live within their means - People who succeed have goals Do not outlive your money - Answer- - Longevity is ...