Dave Ramsey Ch. 12 Worksheets from textbook and teacher assignment, Assignments of Economics

Download Dave Ramsey Ch. 12 Worksheets from textbook and teacher assignment and more Assignments Economics in PDF only on Docsity! 1. Compare Cici Bolt’s retirement savings to Cici McKay’s. Describe how the financial difference in Cici Bolt’s retirement savings would affect her quality of life? - Their lives were really different because one invested earlier, because she invested early she had almost 102,000,000 more than the other which would lead to very different lives. - The Cici that lived on the government would have barely been able to support herself. 2. How would either one of the Cici’s retirement look different if she chose to not save for retirement and rely only on Social Security? - If Cici simply relied on the government then they would have to settle for the life they can afford with the money given. In the video they give the example of SPAM versus a hamburger to represent the quality of life. If you work for yourself then you will be able to live the life you dream of. 3. List three goals or dreams you have for your life that you would like to do when you retire. - I want to be able to ‘work’ as a hobby. I want to continue writing and publishing books. - I want to be able to travel as I wish. - Lastly, I want to be able to take care of my family when they need it, and even when they don’t. 4. Why is it important to start making retirement plans early in life? What are the benefits of thinking about retirement expenses now? - It is incredibly important to think early because you can choose when you want to retire, not when you can retire. The more you think ahead the more you can plan ahead. By planning ahead you can choose what path you will take and can prioritize what is important to you.