Sec 3T SS - CH3 - Managing my Resources 2

Sec 3T SS - CH3​

Managing my Resources 2

By Adam Chan

Investment is putting money, effort or time into something to make a profit later

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E.g. Education: Investing time and effort in school so that you can be better qualified for more jobs in the future​

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Investments

Investment is putting money, effort or time into something to make a profit / have benefits later

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E.g. Education: Investing time and effort in school so that you can be better qualified for more jobs in the future​

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Investments

As resources are limited, you may need to give up one thing in return for another.

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​E.g. Paying more to take a taxi instead of the bus may be quicker and more comfortable, but it means less money to spend on other things

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Trade Offs

Investing always leads to trade offs:

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Should you invest for the ​future and have less to spend today?

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You have to decide if it is worth the sacrifice - if the trade off is wise or unwise.​

Trade Offs

Which are wise and unwise investments?

Decide if the following 4 investments are wise or unwise investments!​

Poll

Investing time and effort in EDUCATION

• WISE!

• UNWISE!

Poll

Investing time and effort in TIKTOK

• WISE!

• UNWISE!

Poll

Investing money in mobile games to buy better items / bonuses

• WISE!

• UNWISE!

Poll

Investing money in CPF by voluntarily contributing more then needed

• WISE!

• UNWISE!