...Sample Essay on Financial Planning It is vitally important for the individual to set up a personal financial plan in order not to experience hardships and financial difficulties in the future. Financial plan assure financial stability and financial freedom that one wants to possess till the end of his/her life. The following essay will speak about the role of the financial planning for the retirement years and will state that people without financial plans face substantial pain/suffering/unhappiness in their retirement years. The process of developing a sound financial plan is a routine process that indeed involves not only careful financial analysis of the person’s current situation and long-term commitment to implement and monitor that plan throughout his/her life, but also requires careful thinking for the future. In order to properly achieve the financial planning goals, one has to monitor the performance of the financial plan as well as make proper changes when necessary. Thus, in order for the plan to remain of use for the person and not a fortune for financial advisors, one has to make it user-friendly and elaborate. For example an article How to manage your money, noted that one is not able to compete well without the resources and thus has to read a lot about the market (Macklem, Katherine, 2004). One should weigh all the pros and cons of mutual funds namely, criteria for selecting stocks, the fund managers, and track record. Katherine Maclem (2004) states...
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...i The Poor and Their Money An essay about financial services for poor people Stuart Rutherford Institute for Development Policy and Management University of Manchester January 1999 The Department for International Development will be publishing this work in New Delhi during 1999. For further information contact Sukhwinder Arora at the Department for International Development, New Delhi, India. ii PREFACE Over the last 15 years initiatives to provide financial services to poor people (the ‘microfinance industry’) have come on by leaps and bounds in terms of size and reputation. Despite this, the industry is still only in its adolescence and our understanding of why and how poor and very poor people use microfinancial services ( and why many choose not to use the services that are available) remains partial at best. This essay takes the reader on a ‘voyage of discovery’ that seeks to both deepen her/his understanding and encourage her/him to apply that knowledge to the practice of microfinance. The voyage that Stuart Rutherford offers is a unique one based upon years of careful and detailed personal research. It does not take a deductive approach that develops a theoretical model of the financial behaviour of poor people. Nor does it follow the ‘case study plus best practice’ approach that has been favoured by many practitioners when they write of microfinance. Instead, it adopts an inductive approach - based on thousands of conversations and meetings with...
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...“ All days are not the same. Save for a rainy day. When you don’t work savings will work for you.” -M.K Soni. How does this pertain to seniors in high school and their financial futures? Can saving up now truly benefit you later on? Does saving up a great deal of your money save you later on down the road? What is saving, budgeting, and planning on your financial stability for your future? These are all questions I asked myself that I knew I would use in this essay. Through a set of thorough research, dedication, and thought I came up with one answer that is easy. Saving now will benefit all people, especially seniors in high school. It will help them have no worries on a variety of things, and you won’t have a hassle or worry financially. In this essay I will be giving examples, facts, and prove to you how I am right. Why start saving now, isn’t that what a job is for; providing money for my everyday life? Saving is a systematic plan for the expenditure of a usually fixed resource, such as money or time, during a given period. Imagine if you lost your job, and couldn’t pay your car payment, and/or had no money to buy your everyday needs. You start using a credit card, and end up spending so much that you cannot pay it back on time. What happens to that bill? It builds up interest, and creates an even bigger problem to begin with. Interest is a charge for a loan, usually a percentage of the amount loaned; an excess or bonus beyond what is expected or due. No one wants to...
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...The Walmart employee trampled to death on Black Friday in 2008 was not the only individual to be killed in such a gruesome manner. An eerily similar situation occurred to a pharmacist trying to shop at a Target in 2011. The items sought after by the shoppers were not what caused the two deaths. Likewise, the majority of stuff itself is not creating problems in the world, in fact, it’s finding new, innovative ways to fix them. The real issues at hand are the people with access to the growing amount of elaborate commercial products. That is the theme Quindlen is attempting to convey in her report: to be happy, people need to be smart and spend their money on things that they need or that actually matter. Generally, I agree with Quindlen’s overall message, however I do not agree with her essay as a whole. Many of her examples and arguments were...
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...Writing 15 MODEL ESSAYS SHOWING YOU HOW TO GET BAND 9 IN ACADEMIC WRITING TASK 2 Published by Cambridge IELTS Consultants Cambridge, United Kingdom Copyright © Cambridge IELTS Consultants and Jessica Alperne, Peter Swires 2014. All rights are reserved, including resale rights. This e-book is sold subject to the condition that it will not be copied, stored or redistributed in any form. Also on Kindle from the same publisher: . Packed with advice, examples, models to follow and real Band 9 essays to help you get the best possible result. Get IELTS Band 9 In Academic Writing Contents Introduction from the authors Explanation of the different types of Academic Task 2 essay OPINION type tasks: Model essays IDEAS type tasks: Model essays Summary of the model essays Tasks for you to practice Key to practice tasks The 10 most common mistakes in IELTS academic writing Help from the experts Introduction from the authors For many people, the most difficult part of the IELTS Academic exam is the Task 2 essay in the writing test. This is because few people understand the different types of Task 2 essay, and few people take the time to read examples of high quality Task 2 essays before they take the exam. We are here to help! In this book we show you how to analyze the Task 2 question, and we explain the different types of essay you may be asked to write. Most importantly, this book provides you with fifteen examples of Task 2 essays, all written...
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...Darlene Davila March 22, 2015 English 90 Essay #2 Prof. Nicole Brown Getting Started "The single most important factor to getting rich is getting started, not being the smartest person in the room." - Ramit Sethi Most of us want to live a financially stable life, but become too afraid to get started because we have all these negative views on money, credit cards, or anything that has to do with the financial world. I have come across many negative thoughts that have paralyzed me into starting a simple bank plan for my funds to grow. My ultimate goal is to let go of those fears that are holding me back from making my bank account become stabilized. This paper will refer to Mo Tzu's essay "Against Music;" Ramit Sethi in his book "I Will Teach You to Be Rich;" Gandhi’s essay “Economic and Moral Progress;” a Chapter of the New Testament in the Bible, Luke chapter 16; and an online article "Zen Habits" by Leo Babauta. I came to the realization once I started doing research and reading more books on finances that in order for me to come up with a plan to help my money flourish into something more, I need to cut off all the learned negative thoughts about money. A lot of these negative thoughts are created because we lack the knowledge on banks and bank accounts that can help us become more successful in our finances. Once I started my research I learned great ideas and strategies on how to grow financially. Not only will I need to carefully plan out my goals based...
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...Comparing Online Shopping with Traditional Shopping Online shopping has grown to new heights over the last decade and shows no signs of slowing down. The internet has brought practically every store in the world to the fingertips of anyone with internet access. Shopping online gives the user the opportunity to search for the product they want through endless avenues. Online shopping has grown so large that many companies are not investing in buildings and mall space, rather in online websites and web advertising. Through this paper I will discuss the reasons why shopping online is a better alternative to traditional shopping. The first benefit of online shopping is the convenience. While others are out fighting traffic and waiting in lines, online shoppers are home relaxing. Online shoppers can go from store to store with a flick of a mouse, while traditional shoppers have to walk, drive or can’t get to the stores they want. Online shoppers also benefit when it comes to comparison shopping. Traditional shoppers have to put a lot of work into comparison shopping. They have to drive from place to place find items and price and go onto the next place. This can be exhausting and stressful. The online shopper can do this from his or her couch. Online shoppers can search the planet for the product they are looking for, while traditional shoppers are limited to a small area. When it comes to seeing, touching, and trying out a new product, there is no...
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...Trying to manage money and financial expenses are one of the most difficult personal management an independent individual can have. Individuals try to manage their money in different ways, some of them work and some are not. In this essay, two given possible solutions for this issue will be addressed. One way to control the financial income is by saving some of it and invest it. Individuals can, for example, open a saving account in the bank in which they can specify the percentage of the money transfer from the main account to the saving one on monthly basis, and they can buy shares. This way they will try to adapt themselves on the remaining salary they have and can spend it as they like without worrying about being broken in the end of each month. There is one take on this way which is that there might be some occasions where someone needs to spend the whole salary or more in a month, and it will be difficult to do so if the whole saved money are in the shares. Another way for managing money is by eliminating the purchasing as much as possible. Adults need to look after their real needs and the luxurious things. For example, instead of shopping every time, they can make a list of all their needs and buy them at once every month. By shopping less, they will tend to avoid the struggle between buying or not buying that will most likely end up buying unnecessary things. To conclude, controlling money and budget is not an easy task, yet it's very crucial to everyone's...
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...Neidalina Ortiz Business Law Instructor : Jacqueline De Santis You are the chief executive officer of Money Games Inc.(MGI), which has begun to market Borrow & Spend, a video game set in the world of finance. To buy ads, MGI borrows $50,000 from First Savings Bank. On MGI's behalf, you sign a note for the loan and offer its accounts receivable as collateral. You sign a security agreement that describes the collateral. The bank does not file a financing statement. Has the banks security interest attached? If so, when? In order for the safekeeping interest to be accomplished it must first be recorded; which is done with a financing statement. In order to succeed in perfecting the security interest in the accounts receivable, a UCC-1 has to be filed with the state. This then gives all of the creditors a notice that the security interest has indeed been perfected or even attached if there wasn’t any security interest before. This also aids that an additional creditor who has secured debt with a security arrangement can and will not be before First Savings Bank. Without a financing statement, First Saving Bank can be susceptible to be second to a subsequent secure creditor, or even a lien holder. Of course the loan is secured by the security agreement, but the agreement is not effective against secured creditors. Hypothetically speaking, First Savings Bank can take the collateral if there was a default, but no bank will really do the deal without having and filing...
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...Retirement Essay It is important for our generation to start preparing for our future as early as possible. During this economic crisis it is difficult to predict our job security as well as our future finances without proper planning. Over the last couple of years we have seen the implications of what can happen to those who do not take actions to secure their finances. For those of us who are in the military we have a bit more control over our job security as opposed to those who are not. Most of us can expect to have a steady income for at least the twenty years should we choose to make the military a career. You should be saving at a minimal fifteen percent of your income each month to prepare you for your future. I recommend that you save ten percent of your gross income for your retirement and the other five percent for your long-term goals. There are many benefits to be had once you start saving such as a substantial savings for your retirement, money to purchase a home, and money for your children’s education. It is often said that the average person’s savings should have enough funds to cover at least six months of your rent or mortgage. It is important for you to start saving early so that you can provide for your family in case of unexpected emergencies, retirement, and future plans. You do not want to rely on high interest credit cards or pay day loans to get you out of a situation. These will only put you further in debt. The sooner you start saving towards...
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...are various responses to the creation and subsequent role of unemployment and the wage rate. In Karl Marx’s theory, unemployment, or the ‘reserve army of labour’, is necessary for capitalism to regenerate itself, and is also what determines the wage rate. For John Maynard Keynes and Michael Kalecki, unemployment is caused by the failure of effective demand. This essay will first demonstrate Marx’s approach to employment through the study of the reserve army of labour and the cyclical tendencies of the capitalist system, and then Keynes and Kalecki’s theories of effective demand which led to the proposition that the economy ‘will not settle at full employment equilibrium; by and large it will not even reach it except by chance’ (Halevi, 2007, week 7, p. 8). For Marx, unemployment, or the reserve army of labour, is a ‘necessary requirement for capital accumulation’ (Halevi, 2007, week 4, p. 2), linked to fluctuations in the wage rate and thus the rate of profit. The existence of a large reserve army of labour keeps wages down, because there are many unemployed workers available and willing to work for little money. Like the classical economists, Marx contends that low wages mean capitalists reduce their costs of production, resulting in a higher rate of profit and thus, higher capital accumulation. As accumulation grows, and as the reserve army dwindles, demand for labour increases. As demand rises, so do wages. Higher wages then encroach on profits and surplus value (Labini...
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...com http://www.ukessays.com/essays/finance/bank-deposit-or-common-stock-investment-finance-essay.php Bank Deposit Or Common Stock Investment Finance Essay In our modern society, money has become one of the basic factors apart from food, shelter, clothing and medicine that human needs to survive. In practice, it is easy to spend money than making it (Mitchell, 1912). One optimal way to make money is investment but a number of subsequent questions have arisen. What are investment opportunities? Which type of investment options do provide the competitive benefit for investors? And what are the benefits and drawbacks of each option? To answer these questions, there are many alternative options of investment the investors can choose. This essay will focus on only two types of investment which are bank deposit and common stock. The former is one way that savers can do to increase money quantity by placing it in banks and looking for future interest. The latter is another way that investors fund their money by buying some company’s shares. This can be claimed as buying a part of that company. Nevertheless, before making the investment decision, investors ought to have some broad knowledge about the type of that investment. In fact, the optimal option for investment depends on market’s circumstance and preference of investors. For example, if economy fluctuates, investing by depositing money in banks is safer because it guarantees that all invested money will be returned. On the other...
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...you’re throwing away money. Owning your own home is a forced savings plan. We have always heard statements like these plenty of times. On television, radio, the internet, and in casual conversation. Such sentiments are common in any discussion that involves home-buying and personal finances. Let’s take a look at some of the financial differences between renting and home-buying. Now for the purpose of comparing renting to owning in this essay, I’ll be using real-world data gathered from my Orlando area (West Orlando). Although most first-time buyers tend to move from renting an apartment to buying a larger, stand-alone house, as much as I can I will compare apples to apples. • For rent, I located a 3-bed, 2.5-bath, 1,840 sift house with an attached 2-car garage, on 0.2 acres. Monthly price: $1,495. • For purchase I found a 3-bed, 2.5-bath, 1,850 sqft house with an attached 2-car garage, on 0.22 acres. Price: $424,950. The two homes are located within two miles of each other in similar neighborhoods, and neither is located on a busy road. We’ll assume that our hypothetical homebuyer is a married couple with $85,000 in the bank to make a 20% down payment. To calculate mortgage payments we will use a recent 30-year fixed interest rate of 6.25%. Let’s look at how the monthly costs break down (approximately) for our hypothetical potential first-time homebuyer: Renting Buying Rent/Mortgage: $1,495 $2,093 Insurance: $20 $163 Property Tax: - $407 Tax Savings*: - ($327) Maintenance:...
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...Free Essays Home Search Essays FAQ Contact Search: Related Essays - Economics of Information - Introduction There have been discussions among scholars in developed countries regarding economics of information. Developed countries includes Australia, New Zealand, United States, Ireland, Germany...[ view ] - Economics and Growth - The demand curve is likely to change upwards or rise as a result of changes in a number of factors. One, if there is a move up in the price of an alternative commodity, or decrease in price of the giv...[ view ] Classical Economics vs. Keynesian Economics :: 5 Works Cited Length: 1187 words (3.4 double-spaced pages) Rating: Red (FREE) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - My research of Classical Economics and Keynesian Economics has given me the opportunity to form an opinion on this greatly debated topic in economics. After researching this topic in great lengths, I have determined the Keynesian Economics far exceeds greatness for America compared to that of Classical Economics. I will begin my paper by first addressing my understanding of both economic theories, I will then compare and contrast both theories, and end my paper with my opinions on why I believe Keynesian Economics is what is best for America. Classical Economics is a theory that suggests by leaving the free market alone without human intervention; equilibrium will be obtained. This theory...
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...SBI PO 2013 Essays, Letter Writing, Paragraph Writing, Precise Writing Essays: Write an essay on any one of the following topics in approximately 250 words. * Women Entrepreneurs in India. * Importance of Investment. * Essay on SME. * Banks play a vital role in day to day life. * Entrance Exam – An evil. * Pros n cons of winning lottery. * Women Bill. * Women security at the workplace a deep concern. * Inclusive growth. * Cottage Industries. * Socialism. * Blessings of science. * Dowry deaths. * My Motherland. * Banks are manufacture of money. * Features of economic recession. * A day when everything went wrong. * The risks of trading at the stock market. * The impact of interest rate changes on the economy. * Responsibility of media in moulding public opinion. Letter Writing: Write a Letter in about 150 words on any one of the following: * Letter to your sibling advising him/her to prepare for a competitive exam. * Writing a job offer acceptance letter for the post of Assistant Manager. * Complaint to CEO regarding the extra work in office. * Letter to sibling for telling benefits for future of money saving. * Letter to bank manager requesting to extend the joining period as you have received the offer letter for the bank job. * Write a letter to the Editor, the Hindu, expressing your deep concern on the impact of adult graded cinemas on young minds. * Write a...
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