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The Haleys calculated that it would take 30 years to double the money they invested in a retirement account. Which rule for saving and investing does this BEST illustrate?
Both may be used to help reach financial goals.
Both may be used to get ready to pay big expenses.
Nancy paid more for her stocks, but has less risk.
Possibility of higher earnings
View saving and investing as a fixed expense
more liquid than investments.
Pay yourself first Rule of Saving
Rule of 72
How are savings and investments different? Savings are:
Both may be used to help reach financial goals.
Both may be used to get ready to pay big expenses.
Nancy paid more for her stocks, but has less risk.
Possibility of higher earnings
View saving and investing as a fixed expense
more liquid than investments.
Pay yourself first Rule of Saving
Rule of 72
When Meredith received her first paycheck, she decided to set aside money to buy a car before spending any of the income. Which does this BEST illustrate?
Both may be used to help reach financial goals.
Both may be used to get ready to pay big expenses.
Nancy paid more for her stocks, but has less risk.
Possibility of higher earnings
View saving and investing as a fixed expense
more liquid than investments.
Pay yourself first Rule of Saving
Rule of 72
John and Larry were each given $1,000. John invested his money in savings bonds. Larry invested in growth stocks. What is an ADVANTAGE of Larry's decision over John's?
Both may be used to help reach financial goals.
Both may be used to get ready to pay big expenses.
Nancy paid more for her stocks, but has less risk.
Possibility of higher earnings
View saving and investing as a fixed expense
more liquid than investments.
Pay yourself first Rule of Saving
Rule of 72
What do saving and investing have in common?
Both may be used to help reach financial goals.
Both may be used to get ready to pay big expenses.
Nancy paid more for her stocks, but has less risk.
Possibility of higher earnings
View saving and investing as a fixed expense
more liquid than investments.
Pay yourself first Rule of Saving
Rule of 72
Samantha saved $75 a month, even in December, when she wanted to buy holiday gifts for her family and friends. Which rule for saving and investing does this BEST illustrate?
Both may be used to help reach financial goals.
Both may be used to get ready to pay big expenses.
Nancy paid more for her stocks, but has less risk.
Possibility of higher earnings
View saving and investing as a fixed expense
more liquid than investments.
Pay yourself first Rule of Saving
Rule of 72
What do saving and investing have in common?
Both may be used to help reach financial goals.
Both may be used to get ready to pay big expenses.
Nancy paid more for her stocks, but has less risk.
Possibility of higher earnings
View saving and investing as a fixed expense
more liquid than investments.
Pay yourself first Rule of Saving
Rule of 72
Max bought penny stocks and Nancy bought blue chip stocks. Which statement about Max and Nancy is TRUE?
Both may be used to help reach financial goals.
Both may be used to get ready to pay big expenses.
Nancy paid more for her stocks, but has less risk.
Possibility of higher earnings
View saving and investing as a fixed expense
more liquid than investments.
Pay yourself first Rule of Saving
Rule of 72
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