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Questions and Answers
What is one reason why young people may find it hard to start investing?
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?
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?
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?
What is one advantage of saving a small amount when you're young?
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Why is it worth starting to invest even if it's just a small percentage of your income?
Why is it worth starting to invest even if it's just a small percentage of your income?
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