Answer:
2. Write your own definition of opportunity cost.
the opportunity cost is the advantage you sacrifice when you choose to do something.
Let me explain better. Imagine you were practicing violin for 40 hours. The opportunity cost is the 40 hours you could have been spending your free time on, but lost because you decided to practice.
3. List 2 reasons you should pay yourself first.
Reason 1 - because it feels good
Reason 2 - because it increases savings & investment
4. Explain the difference between savings and investing.
well saving is like when you put your money aside into your bank account, and not spending it. investing is when you USE some of your money to buy assets, hoping it will help make money for you in the future. investing is for long-term goals.
I didnt really look into it long 'nough, hope it helps anyway. good day~
