Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What is the definition of investing?
What is the definition of investing?
- The act of spending money on luxury items
- The act of gambling with money or capital
- The act of committing money or capital to an endeavor with the expectation of obtaining an additional income or profit (correct)
- The act of saving money for retirement
Why might it be important for you to invest?
Why might it be important for you to invest?
- To let your money work for you (correct)
- To gamble with your money
- To spend money on luxury items
- To save money for retirement
What are some potential benefits of investing for retirement?
What are some potential benefits of investing for retirement?
- Having a pension program
- Maintaining your current lifestyle
- Retiring early (correct)
- Relying on social security
What is compound interest?
What is compound interest?
Signup and view all the answers
Why is it important to start investing early?
Why is it important to start investing early?
Signup and view all the answers
