Complete Message
You’re off to a strong start — keep going.
Do Not Mark Lesson As Completed
false
Questions
Options
Correct
Snippet
What most helps build long‑term wealth?
Picking a perfect stock
Consistency beats perfection.
Investing regularly over time
true
Regular contributions compound.
Timing the market perfectly
Hard to do and not required.
Only having a high income
Income helps, but habits matter more.
What does compound growth mean?
You earn growth only on the original amount
That’s simple interest.
You earn growth on your growth over time
true
Compounding accelerates results.
Growth is guaranteed every year
Markets fluctuate.
It only works with high‑risk assets
Compounding applies to many assets.
A budget’s main job is to:
Restrict all spending
Budgets aren’t about punishment.
Plan how your money will be used
true
A budget is a plan.
Eliminate all “wants”
Wants can be planned.
Replace savings goals
Savings goals are part of budgeting.
Diversification means:
Putting everything in one great investment
Concentration increases risk.
Spreading money across different assets
true
Diversification reduces risk.
Trading frequently
Activity ≠ diversification.
Avoiding all risk
Risk can be managed, not eliminated.