Question

In this unit, you explored different reasons and incentives to save, such as saving for a down payment on a large purchase, financial security for emergencies, and tax advantages. Imagine that it’s 10 to 15 years into the future, and you’ve secured your dream job. Which reasons or incentives to save money resonate the most with you? Explain your reasoning.

Answer 1

Answer:

Financial Freedom

Step-by-step explanation:

In my personal opinion, the biggest reason/incentive for saving would be Financial Freedom. This is the ability to not have to depend on a full-time job in order to survive and be able to live off of the passive income being produced by the money that you saved. If you save enough money and invest it correctly you can live off of the interest that is being generated from those investments. This allows you to not have to work a full-time job and instead free's up your time to pursue meaningfull hobbies or even travel. I believe that is true freedom and it is something that motivates me to save money.