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7 Questions

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Are You Financially Trapped?

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Questions and Answers

What is financial freedom?

Spending more than earning

Being debt-free and having no savings

Spending less than earning, being debt-free, having emergency savings, and having an investment plan (correct)

Not having to worry about money

What can financial entrapment cause?

Physical health problems

Emotional stress and affect relationships and self-happiness (correct)

Increase in income

Decrease in income

What are the four functions of money?

Making, spending, borrowing, and growing

Making, spending, saving, and investing (correct)

Spending, borrowing, saving, and growing

Making, borrowing, saving, and investing

Which industry provides opportunities to make money?

Salon Signup and view all the answers

What is recommended to pay first when it comes to saving money?

Yourself Signup and view all the answers

How can dividing savings into investment accounts benefit?

It can yield higher interest and make money in sleep Signup and view all the answers

What is more important than making money?

Learning money management skills Signup and view all the answers

Study Notes

The course aims to create awareness of financial situations, create a plan for financial security, and achieve financial freedom.
Financial freedom is defined as spending less than earning, being debt-free, having emergency savings, and having an investment plan.
Most people in society are financially trapped, living paycheck to paycheck, and have little savings.
Financial entrapment can cause emotional stress and affect relationships and self-happiness.
There are four functions of money: making, spending, saving, and growing.
The salon industry provides opportunities to make money.
Limiting the use of credit cards and not spending more than earning is crucial.
Saving money should be a priority, and it's recommended to pay yourself first.
Dividing savings into investment accounts can yield higher interest and make money in sleep.
Learning money management skills is more important than making money.

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"Take our quiz and learn how to break free from financial entrapment and achieve financial freedom! Discover the four functions of money, how to make money in the salon industry, and why saving should be a priority. With our tips on money management, you'll be on your way to creating a plan for financial security and achieving your goals. Don't let financial stress affect your happiness and relationships - start your journey to financial freedom today!"