Which of the following is correct?
A)Saving part of your income will increase your net worth.
B)Increasing your income will increase your net worth.
C)Reducing junk food expenditures will increase your net worth.
D)All of the above will increase your net worth.

Question

Quizplus · Accepted Answer

Saving a portion of your income will increase your net worth because the savings will contribute to your assets and overall financial security.

Answer: B
 Increasing your income could increase your net worth if you use the extra income to pay off debts, increase your savings, or invest in assets that appreciate in value.

Answer: C
 Reducing unnecessary expenses like junk food can increase your net worth if you redirect the savings toward paying off debts, saving, or investing in appreciating assets.

Therefore, the correct answer is D (all of the above will increase your net worth).

Which of the Following Is Correct