George Has a Very Low Debt to Asset Ratio Because

question 46

Essay

George has a very low debt to asset ratio because he has paid off his mortgage on his house and has very little other debt.Recently,he quit his high-stress job and has taken a much more enjoyable lower-paying position.Consequently,he also now has a low liquidity ratio.He used up all of his emergency fund while looking for the new job and he is having difficulty continuing to save for his retirement.Comment on his situation and make suggestions to help him with his retirement budgeting.

---

Definitions:

Skill Variety

The degree to which a job requires a range of different activities and skills to carry out the work involved.

Goal Setting Theory

A process theory that states that goals are motivational when they are specific and challenging, when organizational members are committed to them, and when feedback about progress toward goal attainment is provided.

ADHD

Attention-Deficit/Hyperactivity Disorder (ADHD) is a neurodevelopmental disorder characterized by problems paying attention, hyperactivity, or impulsiveness that are not appropriate for a person's age.

Inattention

The lack of focus or concentration on a specific task or environment, often noted in various psychological diagnoses.