Assess Your Readiness to Start Investing
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Questions and Answers

What is one reason why young people may find it hard to start investing?

  • They are not interested in investing
  • They have conflicting priorities (correct)
  • They don't have enough money to invest
  • They lack knowledge about investing

    • On average, how much do millennials owe on credit cards according to the text?

  • $1,000
  • $500
  • $10,000
  • $4,930 (correct)

    • According to Heather Winston, what are the benefits of investing young?

  • Avoiding financial risks and increasing income
  • Providing security and flexibility in budget
  • Establishing good savings habits and allowing money to grow over time (correct)
  • Getting immediate financial returns and reducing debt

    • What is one advantage of saving a small amount when you're young?

    <p>Having the benefit of time</p> Signup and view all the answers

    Why is it worth starting to invest even if it's just a small percentage of your income?

    <p>It establishes good savings habits and allows money to grow over time</p> Signup and view all the answers

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