11. What factors should you consider before purchasing real estate for investment purposes?

12. a. List three personal factors that might lead some investors to emphasize income rather than growth in their investment planning.

b. List three personal factors that might lead some investors to emphasize growth rather than income in their investment planning.

13. Assume that you are 28 years old and that your take home pay totals $2,200 a month, you have monthly living expenses that total $1,200, your monthly car payment is $300, and your credit card debts total $4,900. Develop a three-part plan to (1) reduce your monthly expenses, (2) establish an emergency fund, and (3) save $4,000 to establish an investment program.