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Question
when a person invests income, he or she
○ spends no money in the short term and saves it all for the long term.
○ uses money in a way that will increase its value in the future.
○ spends income only on essential needs such as housing.
○ cuts out all discretionary spending for a set period to save money.
Investing income involves allocating funds to assets or ventures with the goal of growing the money's value over time, rather than short-term saving, only covering essentials, or cutting discretionary spending temporarily.
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uses money in a way that will increase its value in the future.