Day 24: Merry Christmas!
This Christmas, letâs shift the focus from what we spend to what we value. Take a moment to reflect on your progress, your goals, and the blessings money canât buy.
Wishing you a Merry Christmas filled with gratitude, growth, and a step closer to financial freedom!
Day 23: How much money did you spend on christmas gifts?
A) No christmas gifts
B) 0-100âŹ
C) 100-300âŹ
D) Over 300âŹ
Day 22: Fact!
Around 3 million bitcoins – worth billions – are lost due to forgotton passwords – insane.
Day 21: Fact!
Over 70% of Lottery winners go broke within a few years. Winning millions doesn’t guarantee financial happiness. Invest the money instead.
Day 20: If you would win $1 Million, whats the first thing you would do?
A) Invest it
B) Buy something fun
C) Quit my job
Day 19: When do you plan to retire?
A) Before 50
B) 50-67
C) Never – Keep working
Day 18: When did you make your first investment?
A) Before 25
B) After 25
C) Still waiting to invest
Day 17: Fact!
The US once had a $10.000 bill, featuring Salmon P. Chase. While it is no longer in circulation, its now worth much more to collectors.
Day 16: How many billionaires are there worldwide?
A) 1000
B) 2700
C) 3500
The world’s approximately 2,700 billionaires represent a small, elite group with immense wealth, collectively holding trillions of dollars in assets, often amassed through industries like technology, finance, and manufacturing
Day 15: Fact!
The top 1% of the worldâs population owns nearly 50% of the global wealth, highlighting the disparity between the ultra-wealthy and the rest of the population.
Day 14: Fact!
The term âBlack Fridayâ originally referred to a financial crisis in 1869 caused by gold speculators, not the shopping frenzy itâs known for today.
Day 13: Who is the richest person in history (adjusted for inflation)?
A) Jeff Bezos
B) Mansa Musa
C) Rockefeller
Mansa Musa, the 14th-century emperor of the Mali Empire, is widely regarded as the richest person in history when his wealth is adjusted for inflation. Known for his immense gold reserves and legendary pilgrimage to Mecca, his fortune was so vast that it significantly impacted economies across regions he traveled.
Day 12: What was the first item ever bought with Bitcoin?
A) Coffee
B) Two Pizzas
C) A book
The first Bitcoin transaction was for two pizzas. Those pizzas would now be worth millions at current Bitcoin valuations. Two pizzas for 10,000 Bitcoin.
Day 11: Fact!
Over 50% of pennies in circulation are hoarded in jars, drawers, and piggy banks, making them disappear from active use.
Day 10: Fact!
McDonaldâs makes more money from its real estate holdings than selling burgers. Itâs essentially a property empire with fries on the side.
Day 9: Which country produces the most gold annually?
A) Australia
B) South Africa
C) China
China is the worldâs largest producer of gold, consistently leading global production with approximately 370 metric tons annually. Its vast reserves, advanced mining infrastructure, and policies encouraging domestic production have secured its top position in the gold industry.
Day 8: Fact!
The Bull and Bear Origins: The terms “bull market” and “bear market” originated from how these animals attack: bulls thrust upward, bears swipe downwardâa metaphor for market movements!â
Day 7: What is the 50/30/20 Rule?
A) Budgeting Method
B) Workout Routine
C) Cooking Recipe
The 50/30/20 rule is a budgeting guideline that suggests allocating 50% of your income to needs (like housing, utilities, and groceries), 30% to wants (like dining out and entertainment), and 20% to savings and debt repayment. This simple framework helps ensure a balanced approach to managing finances while prioritizing essentials, lifestyle flexibility, and financial goals.
Day 6: How much money would you need invested at a 5% annual return to earn $1,000 per month in passive income?
A) $120.000
B) $190.567
C) $240.000
Answer: $240.000
Day 5: Which country has the largest sovereign wealth fund in the world?
A) Norway
B) Saudi Arabia
C) China
Norwayâs Government Pension Fund Global, often referred to as the Oil Fund, is the largest sovereign wealth fund in the world, managing over $1.7 trillion in assets. Funded by Norwayâs oil and gas revenues, it invests globally to secure long-term wealth for future generations while promoting responsible and sustainable investment practices.
Day 4: How many months of expenses should be in your emergency fund?
A) 1-2 months
B) 3-6 months
C) No emergency fund needed
The answer is 3-6 months. Read about it in my blog post “Why you need an emergency fund”.
Day 3: Fun Fact!
If you saved $10,000 every day since the birth of Christ, you still wouldnât be as rich as Elon Musk.
(Thatâs over $7 billionâMuskâs net worth is much higher!)
Day 2: What is the rule of 72?
A) How to calculate retirement age
B) How long it takes your investment to double
C) A rule for minimum wage
The Rule of 72 is a simple formula used in finance to estimate the time it takes for an investment to double in value at a fixed annual rate of return. By dividing 72 by the annual interest rate (as a percentage), you can quickly approximate the number of years needed for the investment to grow twofold.
Day 1: Which billionaire once went bankrupt?
A) Elon Musk
B) Walt Disney
C) Jeff Bezos
In 1920, Walt Disney‘s first business, Laugh-O-Gram Studio, went bankrupt due to poor financial management and an inability to cover production costs, despite producing several short films. This failure forced Disney to move to Hollywood, where he eventually founded the Disney Brothers Studio (later The Walt Disney Company), setting the stage for his later success.
Mr. Financial Freedom
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