Question
It is my belief that the only way to generate true wealth is a long-term approach. If you think you can get wealthy overnight, you
It is my belief that the only way to generate true wealth is a long-term approach. If you think you can get wealthy overnight, you may never become wealthy. Here is an article that I would like for you to read:
https://finance.yahoo.com/news/7-best-long-term-stocks-220723092.html
If you could only invest in one long-term investment of the seven stocks presented in this article, which stock are you selecting?
What advice do you have for building wealth?
Using economic key terms and concepts to help support your opinion.
Using these in support of your decision. Using information such as:
Time and opportunity cost- It is my opinion that time is the most important commodity.
Major changes that you see happening with the demand and supply in the long run,
What business strategies can we develop to save ourselves time and become more profitable?
Please provide in-text citations from the sources provided and or any other source you use to explain/illustrate. Please see list of other sources, that can be use below.
Campbell & Griffeth, (2014). Time Management: 10 Strategies for Better Time Management. University of Georgia Extension.
https://extension.uga.edu/publications/detail.html?number=C1042
David Henderson et al. (2018). What is Opportunity Cost?Econlib.https://www.econlib.org/archives/2011/07/what_is_opportu.html
Harris, E. (2017). Study shows time is the most valuable commodity. so here's a smart way to value time. Forbes.
https://www.forbes.com/sites/elizabethharris/2017/08/30/study-shows-time-is-the-most-valuable-commodity-so-heres-a-smart-way-to-value-time/?sh=333c62182c31
Principles of microeconomics. University of Victoria. https://pressbooks.bccampus.ca/uvicecon103/
(Chapter 3 -Unit 3 Notes: Supply, Demand, and Equilibrium)
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