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Ano: 2024 Banca: CESGRANRIO Órgão: Banco da Amazônia Prova: CESGRANRIO - 2024 - Banco da Amazônia - Técnico Bancário |

Q3055861 Inglês

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assert that saving for short-term goals is more profitable than saving for long-term ones, such as retirement, for instance.

discuss some of the most popular myths about saving, highlighting that not everyone might be prepared to save adequately.

emphasize the importance of starting to save early for future financial security, using compound interest and automated savings.

encourage people to make high-risk, high-yield investments, in order to create and expand their emergency savings fund.

suggest that younger people should not necessarily focus on saving for their retirement, since that might take so many years.

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"Getting started early for retirement is smart for the same reasons you may want put it off: time is on your side. If you set aside what you can now, the magic of compounding numbers - when you begin to earn interest on interest - can do more of the heavy lifting over time."

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