How to Avoid Poverty

What is one of the biggest factors that contribute to poverty?

• Owning a car

• Lack of education and job skills

• Eating at home instead of dining out

• Using a credit card responsibly

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How can education help prevent poverty?

• It guarantees that you will be wealthy

• It helps people get higher-paying jobs

• It eliminates the need for budgeting

• It allows people to avoid taxes

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What is an effective way to manage finances and avoid unnecessary debt?

• Spending all your money each month

• Avoiding credit cards completely

• Creating and following a budget

• Only making large purchases

Why is it important to have an emergency fund?

• To buy expensive clothes and accessories

• To cover unexpected expenses like medical bills or car repairs

• To have extra money for vacations

• To use for daily expenses

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How does having a good credit score help prevent poverty?

• It makes it easier to take out loans at lower interest rates

• It allows you to avoid paying bills

• It eliminates the need for savings

• It guarantees a high-paying job

What is one way to build long-term wealth?

• Spending all your money immediately

• Investing in education and career skills

• Avoiding jobs with benefits

• Keeping money in a checking account only

What is a side hustle?

• A full-time job

• A way to earn extra income outside of your main job

• A way to avoid taxes

• A job that doesn’t require work

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Why should you avoid payday loans?

• They are a fast way to get money

• They often come with extremely high interest rates

• They help build credit

• They are government-approved savings plans

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How can networking help prevent poverty?

• It allows you to make valuable career connections

• It guarantees you will get a job

• It replaces the need for education

• It eliminates the need for a budget

What is one way to ensure financial security in the future?

• Spending without a budget

• Making smart career and financial choices early in life

• Relying only on government assistance

• Avoiding all forms of work