Disclaimer : The views expressed are those of the presenters and do not necessarily reflect those of the Federal Reserve Bank of Dallas or the Federal Reserve System. True or False?. Most millionaires inherited their wealth. Most millionaires earn more than $500,000 per year.
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Disclaimer: The views expressed are those of the presenters and do not necessarily reflect those of the Federal Reserve Bank of Dallas or the Federal Reserve System.
Anything an individual or business owns that has commercial or exchange value
Money an individual or organization owes; same as debt
The difference between the total assets and total liabilities of an individual
Debt increases your liabilities –
does it increase your assets?
How will the payments affect your budget? What other spending will you sacrifice to pay off the debt?
the dollar amount you pay to use credit
the percentage cost of credit on a yearly basis
can include loan fees, annual fees, late-payment fees, etc.