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Saving & Investing - Heart Matters
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1. What is self-discipline?:
The ability to cope with negative emotions and sensations in the moment so that you can have something positive later.
Putting off activities that give you pleasure.
Making a decision based purely on emotion.
2. Delayed gratification is:
Putting off activities that give you pleasure when doing so is good for your wellbeing.
Doing what you want to do regardless of the outcome.
3. Which is an example of how to practice self-discipline?:
If you want to eat dessert every night, you do it.
Making your bed every morning even though you don't enjoy doing it because you know doing so will make you feel better later.
If you want to buy a new outfit but don't have the money, you charge the outfit on your credit card so that you can have it right then.
4. How is investing different from saving?:
Investing involves less risk of loss than savings.
Investing does not require self-discipline whereas savings does.
Investing involves more risk of loss than savings.
5. What factor plays a role in a person's level of risk tolerance?:
Financial goals.
Gender.
Age.
All of the answers are correct.
6. Which of the following is an irrational belief about saving and investing?:
Saving should start with building an emergency fund.
Saving and investing now, regardless of age, will increase chances for a financially healthy retirement.
Financial planners can help make good investment decisions.
Saving and investing are too complicated to understand.
7. Which of the following is a good saying to remind us to save and invest?:
A good sale is a terrible thing to waste.
Stop, drop and roll.
Stop…Think…Discipline yourself…Delay gratification.
Spend today for tomorrow you may die.
8. Your brother wants to know what he should do to save. What is the best advice you can give him?:
He really should buy everything he can today because he won’t live forever.
Don’t procrastinate!
It is dumb to save now because he can barely pay his bills.
If he has enough money to save, could he float you a loan?
9. Your friend always mooches off you because she runs out of money before her next paycheck. What should you do?:
Have an honest discussion about her need to be saving more and spending less.
Mooch back.
Dump her.
Ignore her behavior.
10. What might be a reason that people avoid saving and investing?:
Fear.
Ignorance.
Too many choices.
All of the answers are correct.
Calculating...
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Introduction
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Why Save and Invest
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Saving vs. Investing
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How Interest is Earned
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Understanding Risk
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Types of Accounts
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Pay Yourself First
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How to Invest
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Building an Investment Portfolio
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Summary
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Introduction
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Review Saving and Investing Head Section
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Saving and Emotions
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Practicing Delayed Gratification
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Emotional Barriers to Saving and Investing
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Page 5
Summary
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