The Easiest Way to Begin Investing and Building Wealth Is

question 34

Multiple Choice

The easiest way to begin investing and building wealth is by

• A) inheriting from your grandparents.
• B) buying high growth stocks early and often.
• C) spending less than you make and invest excess cash flow on a routine monthly basis.
• D) investing in high yield bonds.

---

Definitions:

Individual Distinction

The aspects that make a person unique or set them apart from others, often related to personal achievements or characteristics.

External Attributions

The process of ascribing the cause of one’s own or others’ behavior to external factors or circumstances.

Self-serving Bias

A cognitive bias where individuals attribute their successes to internal factors and failures to external factors.

In-group/out-group Bias

Describes the tendency to favor members of one's own group (the in-group) over those from different groups (the out-group), often leading to prejudice and discrimination.