What is financial plan ? What is financial plan ? ungaried income vision staterm

Question

What is financial plan ? What is financial plan ? ungaried income vision staterment vutuutary sinipticity ic incial pion neiat snccess 3. Which are not motivators to selecting a path of "Vol- untary Simplicity" Lo I-I a. Living in a more environmentally friendly fashion b. Increasing quality time c. Frugality d. Confusion 4. What additional contribution explains the differ ence between the 90-10 rule and the 80-10-10 rule? LO 1-1) a. Commonity responsibility b. Retirement c. Financial security d. Return on investment RI Money Matters: Values, Vision, Mission, and You 21

Explanation / Answer

1.

The objective of voluntary simplicity in modern society where everyone is living a stressful life to do activities which are not in pursuit of money but to live a more meaningful life. Giving away the rat life where you have to buy happiness from material things means to live a life where life cost is less costly and people work less and spent more time with family.

Now analyze each option

1.Living a more environment friendly fashion: this true voluntary simplicity encourages to live in harmony with nature.

2.Increasing quality time: voluntary simplicity objective is to spend more quality time with family and work which one can enjoy t. The option is correct.

3.Frugality: Voluntary simplicity emphasizes to lead a healthy life for which eating healthy is important. This is a correct option

4.Confusion: this is an incorrect option since the clarity of thoughts is the goal of voluntary simplicity rather confusion.

2. The 80-10-10 rule says live your life 80% and for retirement save 10% lastly, you have community responsibility for this give away your 10 %.

So the basic difference between rule 90-10 and 80-10-10 rule is the community responsibility.

Write option is: A , community responsibility

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