463 words - 2 pages
In my opinion the fiscal policy should be an expansionary one. The text defines this policy as “ a policy that consists of government spending increases, tax reductions, or both, designed to increase aggregate demand therefore raise real GDP”. I think that if the government spends, or invests, more money on programs and actions that will bring more jobs, therefore, more income to the people and the country itself, the country’s real GDP would increase. The way I see it is that if more people have jobs, the country’s output would be a lot greater thus the country’s real GDP would be higher. All this can happen only and only if, the government spends money on the right programs that will...
835 words - 4 pages
How Record Companies Make Money
By Diane Rapaport
Record companies make money by selling recordings. It is a high-risk business. According to the Recording Industry Association of America (RIAA), approximately 90% of the records that are released by major recording labels fail to make a profit.
Independent labels have to be more careful in their choices and in their allocation of expenses because they do not have the resources to cover many failures. However, they can make and promote records for far lower costs than major labels and be profitable with far fewer sales.
The budgets for making and selling recordings are tied to what labels estimate they will sell. Knowing how many...
655 words - 3 pages
Running Head: “MONEY TALKS” ESSAY 1
“Money Talks” Essay
Tammy R. Mathews
“Money Talks” Essay
Based on the definition in our textbook (Littlejohn & Foss, 2011, p. 19) I would argue that “Money Talks” does not fit the criteria for a theory. It is not "an organized set of explanations." It's simply an idiom or a metaphor -- maybe "loosely" considered a personal theory, but nothing close to the types of theories in our textbook.
Literally, money does not talk; it has no such characteristics. However, the phrase “money talks” is based on the concept that money...
4604 words - 19 pages
The economic instabilities and crisis which have direct effect on the well-being of the people in the society are caused by many issues and variables. People can work to earn income and improve their lives through all difficulties in the economic conditions. People also save some of their income for their future needs. Their save money would be affected by inflation and their purchasing power would be diminished. Inflation is mostly a matter of monetary policy which occurs when a government prints money without real asset backup more than the amount that is need for a stable economy. This study examined the effects of implementation of Islamic currency on the prevention of...
452 words - 2 pages
Touch to Order
Assignment # 2
MIS 302 – Spring 2010
February 18th 2010
Touch to Order is in the works to compete against a large portion of the existing touch screen market. The two largest competitors in our market place are Tyco Electronics and Touchscreens.com. Both companies have strong foundations and economic models that will provide stability and inventory for Touch to Order.
Tyco Electronics, a company started in 1971, by Sam Hurst, is the oldest producer of touch screens. They, simply stated, have the touch screen business figured out. Tyco actually started their business working out of 3 different garages with only 10 employees....
384 words - 2 pages
Time value of money is the concept that shows the value of money which decreases day by day. There are so many factors which contribute to the time value of money such as inflation and increasing interest rates. The time value of money is sued to solve the problems which are related to the loans, mortgage, leases, saving and annuities. In the investment, time value of money is used to compare the alternatives of investment (Weil, 1990). The time value of money is based on the concept that money that anyone has today is worth more than the expectation which one will receive in the future.
The money which is hold in the present is worth more because it can be invested and can earn the...
1634 words - 7 pages
Time Value of Money
Table of Contents
Time Value of Money………………………………………………………………..4
Future Value and Present Value…………………………………………………......5
Time value of money operations are the backbone of financial decisions in business. The basics of their operation lie in interest calculations that can be used to determine the value of money five years ago, today and even well into the future. These calculations can be tricky and are weighed with outside challenges that can affect them positively and negatively...
1049 words - 5 pages
Money laundering in football - lessons for the sports industry
on Wednesday, 21 December 2011. Hits 2915 Written By Kevin Carpenter[->0]
Money laundering in football is not a new phenomenon but the poor financial health of world football overall has lead to increased scrutiny in recent years by leading organisations such as Transparency International ('TI') (the world’s leading non-governmental anti-corruption organisation) and the Financial Action Task Force (‘FATF’) (an independent inter-governmental body that develops and promotes policies to protect the global financial system against money laundering and terrorist financing).
Indeed TI has suggested that, ”Vulnerabilities in the...
500 words - 2 pages
Analysis of The Language of Money
The opening story of the essay, “The Language of Money” by John Lanchester is about the ancient Egyptian priesthood whose members predicted the extent of the flooding by the River Nile. The priests were the most powerful people in the land and would measure each year’s flood in secret chambers to develop techniques to predict the agricultural season that followed. Until the 19th century, other people were forbidden to access these rooms and measurements. The analogy linked to this opening is that people in the financial markets set out to confuse the rest of us and closely protect their understanding just like the priest protected their status. Lanchester...
1006 words - 5 pages
Giant Pool of Money
In this radio story about the events leading up to the subprime mortgage crisis, it’s clearly demonstrated that a few psychological biases and heuristics were present and played important roles in forming the crisis. The most critical ones I’ve identified are the confirmation bias and the social proof phenomenon in the development of the crisis.
Mainly two types of confirmation bias were observed in the subprime crisis: the confirmation trap as well as anchoring heuristics. Anchoring caused the banks to miscalculate real risks of the mortgages and related MBS/CDO, while the confirmation trap caused most people in the industry to ignore potential risks...
4966 words - 20 pages
Business Report “Examining the causes of Failure”
Vedanta Alumina Lanjigarh Project
Submission date 13th December, 2010
Submitted bySId- 7636657
Executive Summary –
MOE&F, INDIA rejected the application for Stage-2 (Final) Environmental Clearance and withdrew all the previous clearances for mining in Niyamgiri Hills given to Vedanta Alumina Ltd. (VAL) a subsidiary of Sterlite Industries INDIA Ltd. (SIIL) citing various facts and reasons. This report provides an in depth analysis of the factors that lead to the debacle of Vedanta Alumina Lanjigarh Project. In the collation and presentation of data Secondary sources have been largely used. Vedanta, being a big...
1806 words - 8 pages
10 ways IT wastes money on development
Date: June 29th, 2009 Author: Justin James
To deliver value, IT departments must keep a tight rein on how they use their budget - and that includes development efforts. Justin James cites some of the most common areas where IT throws its development bucks down the drain.
Many IT departments walk a fine line between being a needed cost center, a necessary evil, and an absolute money pit. In a few rare occasions, they’re able to deliver enough value to become profit centers. One of the key factors in determining whether an IT department is delivering ROI has to do with the development efforts occurring within that department. Here are 10 of the...
1420 words - 6 pages
Thomas Money Service Inc. established in 1940 with the intent of providing small loans for household needs. The success of the company has led them to expand their services which include business loans, business acquisition financing, and commercial real estate loans. In 1946 Thomas merged with a company that specialized in equipment financing called Future Growth Inc. This merger, although was a risky move was a proven success for The company as they became a competitive company in forestry and construction industry with an advantage in the market. For over 67 years, the company has seen continual growth and financial success. Because of the current economic conditions this past year...
2103 words - 9 pages
Time Value of Money Terminology
Terminology (AKA jargon) can be a major impediment to understanding the concepts of finance. Fortunately, the vocabulary of time value of money concepts is pretty straightforward. Here are the basic definitions that you will need to understand to get started (calculator key abbreviations are in parentheses where appropriate):
A banker's year is 12 months, each of which contains 30 days. Therefore, there are 360 (not 365) days in a banker's year. This is a convention that goes back to the days when "calculator" and "computer" were job descriptions instead of electronic devices. Using 360 days for a year made calculations easier to do. This...
1099 words - 5 pages
Having a research strategy to saving money can be very useful in providing a first step in reaching the goal of financial security. It has been argued that the American society is materialistic and accustomed to instant gratification. Easy lines of credit and lack of proper money management have led many in deep financial straits. The recent high unemployment numbers and the deep recession have contributed greatly to this. However not everyone was affected. One major reason is because some were conscious about saving for a rainy day. In fact “Compared to a year ago, 50 percent more Americans are beefing up their savings account, according to a new survey by Money Management...
1582 words - 7 pages
Thomas Money Service Inc. Revised
February 25, 2013
Fred Tadros, Ph.D.
Thomas Money Service Inc. is a company that has been in business since 1940. The business started as a consumer finance company providing small loans for household needs. With time, Thomas Money Service Inc. expanded its business and grew into a company that was providing its services by issuing business loans, providing business acquisition financing, and commercial real estate loans.
In 1946, Thomas Money Service Inc. decided to branch out into equipment financing creating a subsidiary named Future Growth Inc. (FGI). This changed turned out to be very profitable because...
704 words - 3 pages
The Theories on Making Money
There has always been a debate over whether socialism or capitalism is the most prosperous economical system. Throughout the years there have been several theories which show favoritism to each system, and with each of these theories there are the opponents. As the debate raged on, the countries that were opposed to one system or the other now use some portion of each system. In 2013 even countries like China and North Vietnam, who are socialist states, are applying forms capitalism and countries like the United States have adopted socialist practices. While explaining the difference between capitalism and socialism we will find out that as the world mixes...
1634 words - 7 pages
Spanish financial crises
1. Spain’s Debt Problem
The financial crises of Spain can be described as the sovereign debt problem, which is a large and continuous budget deficit feeding into its accumulated debt. From figure 1 we can see that fiscal consolidation hadn’t successfully made a recovery (see figure 1). Schwartz (2013) quoted that the net increase in debt in 2013 is expected to be €48 billion (HK$480 billion) and the gross issue of public debt €207.2 billion (HK$2085 billion). These are large sums compared with Spain’s GDP of €1.05 trillion (HK$10.69 trillion) 1.
Source: Banco de España, General government liabilities. Excessive Deficit...
1553 words - 7 pages
The Truth about It
April: Daughter of Lauren
Lauren: Mother of April and Prostitute of James and Girlfriend of Jacob
James: Husband of Renée and Pimp of Goldie Street
Renée: Wife of James and Secret Lover of Jacob
Jacob: Boyfriend of Lauren and Secret Lover of Renee
Scene 1- Lauren’s House
*As the sun being to rise April is returning home from her morning run and enters the house. Her mother, Lauren, is upstairs getting a hit she doesn’t notice the time.*
April: Mom? *she shouts* Where’s breakfast!? The bus will be here in 30 minutes!
871 words - 4 pages
Econ 311 Essay #1
Investment in U.S. stocks and in U.S. treasury bonds makes up for a large portion of investment assets in the United States economy. The main difference between the two asset classes is that stocks are a form of equity investments which represents ownership in a company for the investor, and bonds are debt investments from which the investor earns interest on from the bond issuer. Both forms of investment assets correlate with each other in terms of prices increasing and decreasing over periods of time. Stock market prices and Treasury bond prices both fluctuate due to changes in different economic factors. Factors in the economy sometimes moves stock and...
332 words - 2 pages
After careful cash flow analysis and a discount rate (WACC) of 9%, commissioning a capsize carrier for 25 years is the only appropriate option for our firm. However, if the discount were instead 10%, both options would fail the NPV test by yielding negative results. I make this recommendation after thorough analysis of estimated cash flow and with the desire that our required 15-year life span will be amended.
With the expected 9% discount rate, commissioning a capsize carrier for 15 years and then scrapping it as is company policy would ultimately yield a NPV of (1,252,916). However, if Ocean Carriers decided to commission its ship for 25 years, then the NPV would be a positive 368,557....
3179 words - 13 pages
ALF Money and the Prices in the Long Run and Open Economies
1.0 Introduction 3
2.0 History of Economic Changes and comparing it to Forecast for the next Five Years 3
2.1 Changes in GDP 3
2.1.1 Economic Forecast 4
2.2 Changes in Savings 4
2.2.1 Economic Forecast 4
2.3 Changes in Investment 5
2.3.1 Economic Forecast 5
2.4 Changes in Unemployment Rates 6
2.4.1 Economic Forecast 6
2.5 Changes in Real Interest Rates 7
2.5.1 Economic Forecast 7
3.0 How Government Policies Can Influence Economic Growth 8
4.0 Influence of Monetary Policy 8
5.0 Influence of Trade Deficits or Surpluses 9
1542 words - 7 pages
DIGITAL BANGLADESH- CAN IT PREVENT CORRUPTION
The present fever to launch an extensive digitalization program is sweeping the Bangladesh political, business, and elitist minds. In the face of an overarching outlook of sustainable development the Bangladesh digitalization program runs into some grave questions. The paper points out that ethics as a strongly endogenous force in development is indispensable to keep in view the simultaneity of attaining growth and social justice. These targets are variously manifested in different sectors and quarters of the beneficiaries of growth and development. In this perspective, various comparative works in the literature are invoked...
543 words - 3 pages
1. History of Money. Discover how money made progress possible.
2. Why history of money matters Money changed the world through division of labor and specialization. Money is the foundation of progress. Money IS Power! - the power to evolve mankind, but we have to set money free..to continue enjoying the beneﬁts.
3. Why money was invented To make life easier. :) With money we are able to buy a wider variety of goods than before - in the barter economy - where one good is directly trader for another. And expand time - we can save money for future use, wait for a better opportunity
4. What is Money? Medium of Exchange - a commodity that is valued and demanded for its own use, before becoming...
747 words - 3 pages
Korey A. White
November 17, 2010
Managing money by putting a certain percentage of your income in categorized accounts gives you a better understanding of where your money is going. There are three account types I have chosen for this paper. Financial Independence Account, which is for retirement. The Fun Account, which is used to reward myself for working. Then there is the Life Expenses account used for everyday life activities and needs. Upon reading this paper you will have a clear understanding of how these accounts play a role in helping me manage my money.
Managing my money is my day-to-day problem. When I was in...
261 words - 2 pages
• How does a personal cash flow statement help you organize your finances?
o It helps me organize my finances by being able to see where my money is going. By being able to see where my money is going I can better budget my money. I can better save my money so if anything shall happen know that I got the safety net of having extra money behind me.
• What was the most interesting thing you learned about completing this worksheet? The most interesting thing that I learned when I completed this work sheet was that I was really able to see where my money was coming in and where it was going out too. There was many times I got myself saying “gosh I’m broke where in the world did my money go...
567 words - 3 pages
The best things in life do not cost money
Everyone has ones own opinion about the statement considering that in human lives, there had never been perfectionism to decide something by one point. Certainly do some people argue that importance of life be not money. Nevertheless there is no assistance to help to agree the statement for me inasmuch as there is nothing that is free to use in several reasons.
Despite the fact that everyone spends time with their family or favorite people without money by relaxing and enjoying in beautiful nature, they can not completely make their family happy insomuch as there is nothing free. We can plan and dream of relaxing and enjoying at the beauty...
410 words - 2 pages
Textbook, p. 160: Answer the Discussion Question.
What is questionable about the ethics of shifting liability to corporations and others not involved in the conduct in question (e.g., the McDonald’s case, the carnival ride owner)?
What is questionable about the ethics of shifting liability to cooperation’s and other not involved in the conduct are that sometimes it is a good thing to get information from other cooperation’s. Sometimes other cooperation’s are hiding things and with someone tracking them down and gaining information cooperation’s can be caught and sued for the bad things they are doing. Sometimes big cooperation’s are doing illegal things or even people...
1033 words - 5 pages
ECO 203 WEEK 4 QUIZ
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ECO 203 WEEK 4 QUIZ
ECO 203 Week 4 Quiz
1. Question : M1 includes all but which one of the following?
2. Question : The transactions demand for money depends on
3. Question : Individuals accept dollars because
4. Question : The fact that money is legal tender increases its
5. Question : According to the M1 definition, the money supply consists of currency held by the public plus
6. Question : To keep the federal funds rate from rising above the target zone, the Fed must
7. Question : ...
437 words - 2 pages
Explain how the process of quantitative easing in the UK might increase the rate of inflation. (15 marks).
Quantitative easing (QE) is an unconventional form of monetary policy where a Central Bank creates new money electronically to buy financial assets, like government bonds. This process aims to directly increase private sector spending in the economy and return inflation to target.
The Central Bank purchases bonds from commercial banks which it turns from an illiquid state to a liquid state by selling it on to increase the money supply. The Fisher equation is where MV=PT, where M is the money supply, so if there is an increase in the money supply this will inevitably lead to...
829 words - 4 pages
Federal Reserve Paper
Joshua R. Willis
October 19, 2011
Federal Reserve Paper
Money, the main topic of the majority of discussions, debates, and arguments in the United States today. These days it seems people in the United States are more focused on who has too much money and who does not have enough. Granted money is required for just about everything these days. It is hard to believe that at times in our country’s history money was not used. At those times people used to trade goods with each other to receive the goods or services they needed. This raises an in interesting question, why is money so important and necessary? Therefore, this paper will look...
520 words - 3 pages
Monetarists emphasize keeping the growth rate of money steady, and using monetary policy to control inflation (increasing interest rates, slowing the rise in the money supply). Keynesians emphasize reducing aggregate demand during economic expansions and increasing demand during recessions to keep inflation stable. Control of aggregate demand can be achieved using both monetary policy and fiscal policy (increased taxation or reduced government spending to reduce demand).
(ii) cash reserve ratio
Second is the changes in the reserve requirements or cash reserve ratio. It is an instrument that. BNM controls the inflation by
increasing the reserve ratio. Cash reserve...
851 words - 4 pages
Money is a vital part of how society around the world runs. Without money, people would lose the ability to buy essential items that they need to live; such as clothes, heat, electricity, and water. However, having too much money can bring about many problems. With a lot of money, people could have lower self-esteem, and cannot buy things such as love, friends, and happiness. The film "Millions" demonstrates three tenants from Catholic Social Teaching: human rights and responsibilities, the preferential option for the poor, and subsidiarity.
The movie, 'Millions' gives us a glimpse into this by introducing us to Damian Cunningham, and his older brother Anthony who...
352 words - 2 pages
Smith v. Store
Smith was a part-time checker for a store. During one particular sale, she and a customer, had a disagreement about the “sale” price of a particular item; the customer left her merchandise at the counter and went to check the listed price on the shelf. While waiting for the customer to return, Smith voided out that sale and put the merchandise aside in order to continue helping the other customers in line. When the customer returned, she accused Smith of taking $10.00 that she had left on the counter with her merchandise. Smith denied even seeing the money. The store manager searched Smith’s coat pockets and did not find any money. He then balanced her...
1040 words - 5 pages
To be frugal is to know how to live on a budget (verb) and to live on a budget we need to know what a budget (noun) is. The word budget is often said to come from the Latin word bulga meaning little pouch or knapsack. But there is so much more to the word. The definition of a budget is an estimate of income and expenditures for a set period of time. According to David Ramsey, an expert of finance, a budget basically is a plan for your money or telling your money what to do. Now the first budget was presented in India on April 7, 1860 by the East India Trading Company to the British Crown by James Wilson. This brought clarity to British Crown on the finances that were going on.
Now these are...
606 words - 3 pages
What is the “leaky bucket experiment”? In the words of Okun: "The money must be carried from the rich to the poor in a leaky bucket. Some of it will simply disappear in transit, so the poor will not receive all the money that is taken from the rich."
Basically, the leaky bucket experiment was a concept developed by Okun that explains how money in our economy flows from the rich to the poor in an inefficient matter. He uses the term “leaky bucket” because we can imagine a situation where the rich carry money to the poor using a cracked bucket in which some money falls out on the way. However, we may wonder just how big these cracks are, that is to say, just how much money is leaked in...
412 words - 2 pages
1. Sentence Fragments:
a. No, no, no (
b. Even if you are trying to use a fragment for a particular effect – no
2. Comma Splices:
i. A comma separates two complete sentences
1. The boys left town, they took the money with them.
b. Ways to fix a comma splice (there are more ways; these are just the easiest and most common)
i. Use a comma and a conjunction (and, but, yet, for, so, nor, or) – There are only seven of them.
1. The boys left town, and they took the money with them.
ii. Use a semi-colon
505 words - 3 pages
P4 Describe sources of internal & external finance for Debenhams
Write a paragraph to answer each of the following:
• Refer to Debenhams
• Provide at least two reasons for each
1. Why may a bank overdraft be more beneficial than a bank loan for Debenhams?
The main reasons why overdrafts would be beneficial for Debenhams is because it has allot of flexibility and you can basically change the amount borrowed within the limits and carrying on the interest is paid only on amounts borrowed. The reasons why I wouldn’t recommend loans are purely because it’s less flexible than the overdraft option there is a like deadline that needs to be met for them to pay the bank loan back. With...
717 words - 3 pages
Federal Reserve Paper
The Federal System is a banking system of the United States. The Federal Reserve is accountable for the sum of currency and credit in the economy. The Fed can be looked at as like a gatekeeper of the U.S. economy. It is the most powerful organizations on this earth because it watches over the world’s largest economy. Reserves are the credits that a bank contains at the Federal Reserve Bank as well as its money on hand. The key points to hit on are how does the federal funds rate affect the decisions of banks in setting their specific interest rates? How is the federal funds rate changed? How does monetary policy aim to...
664 words - 3 pages
It cannot be denied that from past to now the economic world has suffered a lot of crises such as the East Asian financial crisis in 1997, the 2000s energy crisis and especially the global financial crisis in 2008 which had a significant impact on the world economy until now. Generally, the financial recession of 2007-2008 damaged whole economy of the world and caused the steady rise in unemployment rate. Thus, people lost the confidence on saving and spending which lead to the reduction of money supply. As a result, the government had to reduce the interest rate to encourage people saving. However, the rate of interest below 0% was not good for the economy therefore the Central Bank decided...
1111 words - 5 pages
Financial Institutions and Financial Markets
Financial Institutions and Financial Markets
The state of the economy in the United States is very crucial to businesses and society. The success of the economy is reliant on financial institutions and financial markets. “The market for the creation and exchange of financial assets such as money, stocks, and bonds, plays a central role in organizing and coordinating our economy” (Colander, 2013, p. 643). Financial institutions are essential in providing funding for activities that take place within the financial markets. This paper will describe the roles of financial institutions and financial markets in our economy, as...
439 words - 2 pages
Successful sports professionals can earn a great deal more than people in other important professionals. Some people think this is fully justified while others think it is unfair.
Sports professionals: those who been successful in sports games, champions, heroes, sports stars
Other important professionals: hard working people, specialists, scientists, managers
Unfair: injustice, bias, sort of discrimination, inequality
Fully justified: fair,
Agree | Disagree |
(KP) Many sports stars earn money than any other professionals | Professionals working harder and serve the humanity with many technological advances |
(SS) They make them...
1223 words - 5 pages
Chapter twenty-six examines how the financial system in America works and analyzes its macroeconomic role. I plan to structure my summary similar to the way chapter twenty-six does. First by talking about different financial institutions and how they work in the U.S. economy. Then by breaking down saving and investment in the national income accounts. Lastly I will explain how government policies affect society’s allocation of resources by manipulating the interest rate.
The first thing chapter twenty-six does is explain what a financial system is and why they are needed. A financial system is defined in the book as a group of institutions in the economy that help to match one person’s...
621 words - 3 pages
(g) applications in banking (including Electronic Funds Transfer (EFT), ATMs for cash withdrawals and bill paying, credit/debit cards, cheque clearing, phone banking, internet banking)
Discuss the advantages and disadvantages to your choice of application.
Generate a conclusion from your discussion that makes use of the learning objectives (as seen in the Moodle).
With technology nowadays, banking online has been made possible. It has become a much more quicker and efficient way to exchange payments and handle bills through networks. There are many different examples of electric banking applications, such as ATMS, for cash withdrawals and bill paying.
610 words - 3 pages
* Suppoe that an investor lends you money and at the agreed date you must repay the money together with the fee charged for the use of the money, known as the interest
* Interest is income from the money (capital) invested.
* The capital originally invested is called the princible while the sum of the princible and the interest is called the future value.
* Most interest transactions are described by the rate of interest, which is the ratio of the interest earned in one time unit to the principal.
* Using the method of simple interest, the interest due t be paid at the end of the loan is based on the original principal, the term of the loan and the...
654 words - 3 pages
During the last years, music, movies and TV programmes have been downloaded for free from Internet affecting CDs sales, TV programmes and movie rights. So, is this harming artists and TV corporations or helping them?
Many people argue that downloading music from internet is not just illegal but morally wrong because you are stealing the artist who has put a lot of effort into that music that you are stealing. If you believe that you should not steal from an old shoemaker, who works because he needs the money to live, so why do it from a music artist who puts a lot of work in his songs is right? However, many of these artists make more money that they will ever need as they also make money...
327 words - 2 pages
Large debts and deficits cause an uncertainty in the market, which leads to more layoffs and a drastic increase in the unemployment rate. The United States’ primary focus is to become debt free and decrease the deficit. The faster the debt and deficit is decreasing, the higher the unemployment rate becomes simply because the government is focusing on paying debt off instead of assisting with the unemployment rate. If the country is trying extremely hard to pay off the national debt that has accumulated, there is less money to spend on projects that could create jobs for those that are unemployed which is where a surplus would come in hand. On the other hand, a high deficit could be...
1181 words - 5 pages
Nowadays, adolescents rashly spend most of their money away without any financial planning. Over 90% of the adolescent’s parents are concerned about their children’s financial problems such as overspending and budget deficits.(1) According to the research of 00000, the adolescents’ knowledge of money management was decreased from 51% in 2007 to 35% in 2011.(8) I presume that budgeting can control income and expenses, therefore it would help the adolescents to achieve their financial goal. By having a good budget, adolescents can become aware of their financial situation and develop a spending plan to reach the financial goal in the future.(0) Hence, my topic is budgeting for...
332 words - 2 pages
October 7, 2013
Rich Dad Poor Dad
In the book rich dad and poor dad basically was summons up that for an individual to be wealthy, one must aim to own the system or means of the production. In other words the book shows you how to strive for success, there is different types of ways to succeed like the book tells you.
The rich dad and poor dad both had strong point of views in earning and succeeding in life, in my opinion I would have followed on the same footsteps Kiyosaki did in following his rich dad. It is true when his poor dad says in order to get somewhere in life you have to get a good education and have a secure safe job but that really isn’t the...