The key to generating enough capital for investment for many individuals is to
A) obtain as many credit cards as possible in order to maximize spending power.
B) live frugally.
C) borrow money from friends and family.
D) buy only high-quality consumer goods.

Question

Quizplus · Accepted Answer

Living frugally means spending less on unnecessary expenses, which can free up money for investment. This approach can be very effective in generating capital for investment without resorting to borrowing or taking on debt. A, C, and D may not be effective or sustainable ways to generate long-term investment capital.

The Key to Generating Enough Capital for Investment for Many