What two financial values is Nailah most closely following as …

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Business Questions

Nailah works as a scuba diving instructor for a resort in the summer and a skiing instructor in the winter. She earns and saves enough that she has enough savings for a whole year, in case she is injured on the job and she’s well on her way to saving for retirement. What two financial values does she seem to be most closely following? A. Community and Adventure B. Freedom and CommunityC. Adventure and Security D. Security and Freedom

Short Answer

Nailah’s financial priorities focus on Security and Freedom, which shape her financial decisions. She saves proactively for unforeseen events, ensuring a safety net, while also accumulating retirement funds to pursue financial independence and personal autonomy.

Step-by-Step Solution

Step 1: Understanding Nailah’s Values

Nailah prioritizes two key financial values: Security and Freedom. These values reflect her approach to managing her finances and preparing for the future. By assessing how she saves and plans for potential risks, we can see how these values shape her financial decisions.

Step 2: Emphasizing Security

Nailah’s commitment to Security is evident through her proactive savings for unforeseen circumstances like injuries. She has saved enough to cover her expenses for an entire year in the case of an injury, which provides her with a strong financial safety net. This ensures that she is protected against unexpected events that could affect her income and stability.

Step 3: Pursuing Freedom

In addition to security, Nailah’s savings strategies reflect her desire for Freedom. By accumulating funds for retirement, she is working towards financial independence, which allows her to make personal and economic choices without being limited by financial constraints. This proactive approach enables her to enjoy a greater sense of autonomy in her life.

Related Concepts

Financial Values

Principles that guide an individual’s financial decisions and priorities, influencing their approach to managing money and resources.

Security

A financial strategy focused on building safeguards and savings to protect against unforeseen circumstances that may impact income and stability.

Freedom

The concept of financial independence that allows individuals to make personal and economic choices without being limited by financial constraints, often achieved through savings and investments.

Table Of Contents
  1. Nailah works as a scuba diving instructor for a resort in the summer and a skiing instructor in the winter. She earns and saves enough that she has enough savings for a whole year, in case she is injured on the job and she's well on her way to saving for retirement. What two financial values does she seem to be most closely following? A. Community and Adventure B. Freedom and CommunityC. Adventure and Security D. Security and Freedom

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