Describe at least three other investments you want to make with your income either now or someday in the future. explain why you think these particular investments would be good choices

Three best possible ways to invest your money are:

Common stock refers to buying of shares of different companies, and getting the equity ownership for the business, they are further divided into two; voting share and ordinary share. Where as mutual funds is the process of collecting funds from different investors for the purpose of buying securities. Lastly, government bonds are those issued by the state so that people invest in the economy and in return they receive a face value on the maturity of bonds.

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.