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In Business / College | 2025-07-08

You think a new job will pay you a higher salary and that you'll be able to get scholarships to pay for part of the tuition. Overall, it's a risk you're willing to take. Which of these personal factors could make you more willing to take financial risks to achieve your goals?

A. Being a young adult
B. Having aging parents
C. Having a chronic illness
D. Owning a house

Asked by melindabriesacker

Answer (2)

Various personal factors can influence your willingness to take financial risks, with youth often providing greater readiness to embrace such risks. Responsibilities like having aging parents, a chronic illness, or owning a house can lead to more conservative choices. Each factor affects the decision-making process uniquely, impacting financial goals and risk tolerance. ;

Answered by GinnyAnswer | 2025-07-08

The willingness to take financial risks varies based on personal factors. Among the options provided, being a young adult often allows for greater risk-taking due to fewer responsibilities. In contrast, having aging parents, a chronic illness, or owning a house may lead to a more conservative approach in financial decisions.
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Answered by Anonymous | 2025-07-14

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