Suzie likes to invest in new start-ups with a portion of her income. She believes the losses she might incur are worth the potential gains if a company gets big. Her husband, Lenny, prefers to pay off their student debt with extra money in the budget and invests in his 401(K) to prepare for retirement. Which of the following best describes Suzie and Lenny’s financial personality types?

Question

Responses

Suzie is a risk taker, Lenny is a security seeker
Suzie is a risk taker, Lenny is a security seeker

Suzie is a security seeker, Lenny is a risk taker
Suzie is a security seeker, Lenny is a risk taker

Suzie is a saver, Lenny is a spender
Suzie is a saver, Lenny is a spender

Suzie is a spender, Lenny is a saver

Answer 1

The best description of Suzie and Lenny’s financial personality types is:

Suzie is a risk taker, Lenny is a security seeker.

Suzie’s willingness to invest in start-ups reflects her risk-taking approach, hoping for significant gains despite potential losses. Lenny’s preference for paying off student debt and investing in a 401(K) indicates a focus on security and long-term stability.