Answer: By definition, generational wealth represents assets passed down from one generation to the next. If you can leave behind a notable inheritance to your descendants, that constitutes generational wealth. These assets can include real estate, stock market investments, a business, or anything else which contains monetary value.
People who inherit generational wealth have a significant financial advantage over those who do not. They likely have the ability to avoid student loans as well as other types of costly debt. Instead, their inheritance could go towards income-generating investments, assets which appreciate in value, or even towards purchasing their first home.
Explanation: To generate wealth you can pass on, you need to acquire assets or save money you won’t need to spend in retirement. You then pass down the money and assets to children or other younger relatives.
While the concept is simple, unless you had wealth passed down to you, accumulating extra assets can be slow. Fortunately, it’s entirely possible if you are strategic with your finances. These four strategies are the most accessible paths toward building generational wealth.
Answer: C. Has to spend a week in a hospital.
Explanation: Health insurance covers some of the medical expenses allowing you to pay less when in a hospital.
Answer:
C) Japan must import many raw materials for their manufacturing industries.
Explanation:
Answer: Try to avoid contact with the targeted group.
Explanation:
People make judgments and opinions according to their perspectives on something. Beliefs are part of a person's cultural baggage. The environment in which someone grows is an important denominator in the development of the personality and the perception that someone has about the world in general.
Prejudices have always existed. People judge according to what they know, what they understand is right or wrong, and in some cases without taking into account what society may call it. When a person has prejudice towards another, it already has in its mind the reasons why it thinks of someone that way, formed by diverse beliefs. When prejudices arise, many times people avoid the targeted group since they do not share their ideas and understand that their perception is wrong.
