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| Personal Finance |

Which of the options shows a long-term financial goal?
O paying monthly rent
O buying a train ticket for spring break
O paying for tuition to learn a new skill
O replacing brakes to make the car safer

User Dcc
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2 Answers

4 votes

Final answer:

Paying for tuition to learn a new skill represents a long-term financial goal as it is an investment in future earning potential, whereas the other options are short-term expenses or maintenance issues.

Step-by-step explanation:

Identifying Long-Term Financial Goals

When examining the options for long-term financial goals, paying for tuition to learn a new skill stands out. This option suggests an investment in personal development that could lead to higher earning potential in the future. Long-term financial goals typically involve planning over several years and include education, saving money, and substantial purchases that impact future wealth and living standards. In contrast, paying monthly rent or buying a train ticket represent short-term expenses, and replacing brakes, although important for safety, is a maintenance issue rather than a long-term investment.

Creating a budget and evaluating cost-benefit scenarios such as renting versus buying a home can assist in managing finances and achieving personal wealth over time. These financial moves require effort, patience, and sacrifice, but are key in reaching long-term financial stability and security.

User Mkobit
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6.9k points
3 votes
The answer would be c paying for tuition to learn a new skill.
User Gerwin
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