ECONOMICS
SAVING AND INVESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Save and invest early and often.
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Invest for the short haul.
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Don’t leave money on the table.
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Diversify your investments.
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Detailed explanation-1: -The first step is to earn enough money to cover your basic needs, with some left over for saving. The second step is to manage your spending so that you can maximize your savings. The third step is to invest your money in a variety of different assets so that it’s properly diversified for the long haul.
Detailed explanation-2: -Start by Making a Plan. Building wealth starts with making a financial plan. Make a Budget and Stick to It. Build Your Emergency Fund. Automate Your Financial Life. Manage Your Debt. Max Out Your Retirement Savings. Stay Diversified. Up Your Earnings. 15-Jul-2022
Detailed explanation-3: -Level 1: Financial Stability. Level 2: Financial Security. Level 3: Financial Freedom. Level 4: Financial Abundance. 23-Aug-2022
Detailed explanation-4: -Rule Number 1: Diversify. Since some investments zig when others zag, divvy your money across several investment categories, from stocks to bonds to real estate. Rule Number 2: Rebalance. Rule Number 3: Dollar-cost average. Rule Number 4: Keep costs down.