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Title: Personal Finance
Description: LaPorte Personal Finance Class

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Bear vs Bull Market
Bull exists in the stock market when prices are steadily increasing, Bear when prices are steadily decreasing
Risk vs Reward
With greater risks come greater rewards, but the loss is greater too
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Salary-set amount paid by the year/month/week VS Wage-set amount paid per hour (get paid for overtime)
Hard Skill-physical (fixing something) Soft Skill-nontechnical(leadership and teamwork)
Purchasing Power-keep up w/ inflation, costs more to purchase the same amount of goods
Taxes-progressive, property, direct, indirect, regressive
Dependent-person who depends on you for more than half of their support
Goals-desired outcome based on one's values of which the plan is carried out
Avoiding Checking FeesSecure Loan is backed by collateral
Collateral-property used as security for a loan
Financial Irresponsibility- unable to pay bills, unable to fulfill needs, etc
Title: Personal Finance
Description: LaPorte Personal Finance Class