Dmitry emigrated to the United States from a formerly communist country. He is looking to you for advice on how to succeed in a capitalist system. He would be well advised to
A) find a job and live frugally in order to save money to invest.
B) rely heavily on government assistance programs to maintain a relatively comfortable life style.
C) get a credit card, even if it has a very low credit limit, and use it to establish a good credit rating.
D) follow the buy now, pay later rule of personal finance.

Question

Quizplus · Accepted Answer

The path to success in a capitalist system is to have capital (money) to invest. For most people, this requires gaining employment (making money), then saving it by living frugally.

Dmitry Emigrated to the United States from a Formerly Communist