Question: We all have heard the statement save something for a rainy day. That means to put some money aside for future needs. If you had

We all have heard the statement "save something for a rainy day". That means to put some money aside for future needs.

If you had to speak to a class of young teenage scholars, what would encourage them to do financially?

Would you just encourage them to save money on their own? Why or Why not?

Would you encourage them to save on their own and invest? Why or why not?

Based on your own personal experience, what would you share with the class about your pros and cons of saving and/or investing?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

Can you write Investment policy statement using this format Return objectives Risk tolerance Ability Willingness Tax Time Horizon Legal and Regulatory Environment Unique Circumstances The Unlikely...

Q:

Investement policy statement Return objectives Risk tolerance Ability Willingness Tax Time Horizon Legal and Regulatory Environment Unique Circumstances The Unlikely Couple Margaret Miner and James...

Q:

6 | Consumer Choices Figure 6.1 Investment Choices Higher education is generally viewed as a good investment, if one can afford it, regardless of the state of the economy. (Credit: modification of...

Q:

Good Afternoon, Has anyone completed BAM 547 Conflict Management Unit 1-4 in addition to the Final Exam. I have provided Unit 1-4 below. Text: Interpersonal ConflictEighth Edition, 2011 ISBN-13:...

Q:

An Outline for a Written Case Report Executive Summary Brief - one page or less Summarizes the main problem(s) and/or task Outlines the conclusion and key recommendation(s) Situation Analysis and...

Q:

looking for assistance with 100 question multi choice. Questions listed below. I cannot locate the 2 issues found that contain "do a ". My intention is not to use work as own 1. According to the...

Q:

Looking for assistance with 100 question multiple choice, subject conflict management . 1. According to the text, conflict resolution is a(n) ___________. a. set of skills that can be learned b....

Q:

Annuity due perpetuilty The Backwrite recorded the room. The boy in the band try to the way the band handsome 300.000 wyrore. The record showed the wildest de reyes The record studio was to pay the...

Q:

Its September, 2021 and Katherine MacDonald has a decision to make. She owns Windsor Caf and Bakery, located in Windsor, Nova Scotia. It has been a busy local meeting and eating spot for many years...

Q:

Windsor Caf and Bakery Its September, 2021 and Katherine MacDonald has a decision to make. She owns Windsor Caf and Bakery, located in Windsor, Nova Scotia. It has been a busy local meeting and...

Q:

Which of the following statements does not correctly describe a basic solution? a) The solution has a pH less than 7. b) The solution conducts electricity. c) The solution changes the color of litmus...

Q:

Required information (The following information applies to the questions displayed below.) On January 1, Boston Company completed the following transactions (use a 7% annual interest rate for all...

Q:

For a 2 0 - year mortgage loan with monthly payments, which is true: ( a ) the entire loan balance is treated as a current liability, ( b ) the entire balance is treated as a long - term liability,...

Q:

One of your clients is a sales manager in charge of sales territories scattered around the US. The sales manager collects data on five variables for each sales territory. They are Sales, Territory...

Q:

a. Describe the situation that was faced by GP Strategies. b. What are the main challenges described in this case? c. What is the Strategies Solution proposed by GP and how it was implemented? d. Is...

Q:

6= -31 4j+ 7k a) Given = li + 3j 2k and projz Compute b) Find a vector that is orthogonal to the plane containing the points .R= (2, 1, 1) P=(-4,2,6), Q =(-3,2,1) and

Q:

One of the examples for Cause-related marketing (CRM) being involved in avoiding linkages with dubious practices might be Breakthrough Breast Cancer, a leading breast cancer charity, which has...

Q:

One of the companies bought a land for the purpose of building a factory on it in the amount of 500,000,000 dinars, the old building was removed and the construction of a new factory and the costs...

Q:

Write a program to wish happy birthday to a student. Firstly, take today month and day as an input and secondly take birthday as an input in the form of month and day. If the input day and month...

Q:

7. What is the extent (percentage) of errors detected in the information collected?

Q:

8. What are the costs of collecting the information?

Q:

6. How great is the time-lag between when an event occurs until we get information about it?