For most people,the only way to increase net worth is to spend less than their income; people must save and invest.
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Q18: The concept of "pay myself first," saving
Q19: A cash-flow statement summarizes transactions that have
Q20: Financial planning is only for the rich.
Q21: A balance sheet shows flows of income
Q22: Short-term liabilities are obligations to be paid
Q24: The liquidity ratio reveals how many months
Q25: A cash-flow statement for a previous year
Q26: It is usually easy to reduce a
Q27: A cash-flow statement shows the value of
Q28: A surplus demonstrates that you are managing
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