Only 27% of Americans Passed This Money Quiz — Can You? | The Financial Mirror

In this episode, we walk through the 7-question money quiz from FINRA's National Financial Capability Study — the test that reveals what most people don’t know about their own money.

We’re not just going over the correct answers — we’re breaking down:
o Why each question matters
o How it affects your everyday money decisions
o What core financial principle it reveals (like interest, inflation, debt, risk, or investing)
o How to actually apply it in your real life

Topics we cover:
o Compound interest explained (for saving AND for debt)
o How inflation destroys your savings
o Mortgages: 15 vs. 30 years
o Bonds vs. interest rates
o Diversifying investments
o Understanding risk & probabilities
o And more...

Whether you’re just starting your financial journey or trying to level up your money knowledge, this episode is your free financial education starter kit.

Subscribe to the channel for more empowering content on personal finance, investing, and self-improvement. Don't miss out on the opportunity to unlock your true financial potential and live a life of abundance. It's time to invest in yourself and create the future you deserve!

Articles Referenced:
- Quiz: https://money.com/adults-cant-pass-basic-money-quiz/?xid=applenews
- Compound Interest: https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator
- Bond Relationship: https://www.sec.gov/files/ib_interestraterisk.pdf
- 15-year vs 30-year Mortgage: https://www.bankrate.com/mortgages/15-vs-30-year-mortgage/#differences

Stock Returns:
- SPY: https://finance.yahoo.com/quote/SPY
- INTC: https://finance.yahoo.com/quote/INTC

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