...industry. My starting salary is $47,500 a year plus benefits. I use a car that my parents bought me to commute right now but will purchase my own car and become 100% financially independent of them when I start work in the fall. B. Balance Sheet- (Find in Appendices- #1) C. Cash Flows Statement/Income Statement- (Find in Appendices- #2) D. Mission/Vision Statement Mission Statement- To secure financial stability with minimal leverage by age 50. To have the ability to be generous with my money and consistently give a larger percentage away every year while maintaining my standard of living. Vision Statement- When I start my job I plan to make sure to save a good amount of my money while I am still single. I plan to contribute the maximum matching amount of money each month to my 401k through KPMG. I also plan to invest a good portion of money in a variety of index funds, mutual funds, and a few stocks of my choosing. I want to also start putting my bonus money into an IRA each year to accrue until retirement. Through these...
Words: 4396 - Pages: 18
...Investing in the Stock Market Matt Gonzales Abstract The purpose of this paper is to inform the average investor of how to make money in the stock market. The stock market should be thought of as a long-term savings vehicle. Investing in the stock market should not be associated with gambling. By investing in high-quality U.S. companies, the investor in a company profits along with the company. As a shareholder, when the company makes money, the investor also does. There are many ways to invest in the stock market, but it is my opinion that investing in mutual funds is probably the most appropriate way for the average person, without expertise in stock analysis, to make money. This paper plans to inform the reader on how to purchase stocks and mutual funds and which are appropriate for investing and retirement. Investing in the Stock Market When an investor owns a share of a company’s stock, he/she receives part of the company’s profit or bears some of the company’s losses, if the company does not do well (investopedia, 2011). When company does make profit for the year, there are two basic options that the company can do with the profits. They can either reinvest the profits back into the company or they can pay them out in the form of dividends. High-growth companies rarely offer dividends because all of their profits are reinvested to help sustain higher-than-average growth. Dividends can be thought of...
Words: 3576 - Pages: 15
...but Americans do not managing their money well. A study commissioned by Nerdwallet.com discovered only 1 out of 10 American’s are checking all the right boxes in financial health. Teach to Fish Outreach is an opportunity for young adults to meet once a month with professionals who have financial backgrounds and develop a strong financial foundation. Teach to Fish Outreach will focus on the importance of savings, understanding credit, and retirement savings, which are all critical steps to a strong personal finance position. Saving money is a corner stone to financial security and most Americans have little to no savings. Unexpected expenses manifest all the time, whether it is a nail...
Words: 1649 - Pages: 7
...there is also an obvious connection between increased savings and families who are able to overcome financial obstacles and decrease overhead. For the average consumer, financial security means little to no debt, increased credit, increased education, home ownership and retirement options. In a perfect world, people would benefit directly and completely from their hard work and efforts to better themselves and their lifestyles. Nearly every American, and non-American for that matter, believes that if they work hard enough and save enough money, they will have opportunities to move upwards on the social economic ladder. The potential for a better future is the primary reason for most Americans to even attempt to save money in the first place. Unfortunately, current policies that support the achievement of such goals are inefficient and unequal. Current tax codes are too multifaceted and they shower profits on consumers who make the most money while failing to create proper incentives for average and lower income homes. Historically, efforts have been made on more than one occasion to incentivize savings, beginning with the Individual Retirement Accounts or IRA’s created by Congress in the mid-1970s. These...
Words: 1294 - Pages: 6
...industry. My starting salary is $47,500 a year plus benefits. I use a car that my parents bought me to commute right now but will purchase my own car and become 100% financially independent of them when I start work in the fall. B. Balance Sheet- (Find in Appendices- #1) C. Cash Flows Statement/Income Statement- (Find in Appendices- #2) D. Mission/Vision Statement Mission Statement- To secure financial stability with minimal leverage by age 50. To have the ability to be generous with my money and consistently give a larger percentage away every year while maintaining my standard of living. Vision Statement- When I start my job I plan to make sure to save a good amount of my money while I am still single. I plan to contribute the maximum matching amount of money each month to my 401k through KPMG. I also plan to invest a good portion of money in a variety of index funds, mutual funds, and a few stocks of my choosing. I want to also start putting my bonus money into an IRA each year to accrue until retirement. Through these three...
Words: 356 - Pages: 2
...“Financial Management.” Please respond to the following: * Imagine yourself as the financial planner for a small company with 100 employees. Briefly describe your (imaginary) business and describe your strategy for financial planning and managing assets. * Using the same scenario, determine how you would finance a five-fold expansion of your company. Explain your rationale. My small company is Terry’s Graphics. We do all different kinds of graphic design work from designing people symbols to put onto cars, to putting graphic signs onto cars, to Christmas letters, to newsletters, etc. Our financial plan will be a document which will specify the funds, which will be needed by Terry’s Graphics for a period of time. I am going to plan by determining what funds will be required during the planning period, when will it need additional funds, and where will we obtain the additional funds from. We will have short-term assets, long-term assets, and capital investment analysis. These assets will be overseen by Terry, the CEO of Terry’s Graphics, but one of our dedicated employees will actually put together the financial plan. I would finance a five-fold expansion of Terry’s Graphics by using short-term funding options. This would include using trade credit, short-term loans, and commercial paper. If necessary, we would also use long-term financing. This would include public sale of stocks and bonds, private placements, venture capitalists, private equity funds, and hedge...
Words: 1958 - Pages: 8
...to love to dress other people and show them how to put stuff together. My sisters would come and ask me what looked good together and what did not. By the time that I was 18 I would have my family members asking me about fashion. Then before I knew it it was something that I was doing naturally. I have come to realize that most people have no idea as to what all is involved in fashion. People do not understand that fashion does not only include putting colors together. I have a cousin that is a fashion buyer with Neiman-Marcus. She has been working for them for about 10 years now. She went to the University of New York to earn her degree in Business Management. She has been my inspiration as a fashion buyer. Being in this field of fashion allows you to travel across the country and it also allows you to be able to attend the different fashion weeks across the country. I am attending Strayer University and majoring in Business Management because if you have a degree in business you are able to earn more money. The money that you make as a fashion buyer is well in the six figures, if you are good at being able to identify excellent quality. Once you get into the industry and you have proven yourself and get your name out there you could end up working for a celebrity or some high end boutique. Design a...
Words: 1247 - Pages: 5
...From the SelectedWorks of Richard H. Serlin January 2008 Introduction to Student Loan Debt, with Information on Important Related Subjects Contact Author Start Your Own SelectedWorks Notify Me of New Work Available at: http://works.bepress.com/richard_serlin/15 Introduction to Student Loan Debt With Information on Important Related Subjects By Richard Serlin Student loan debt has become an extremely important issue in recent years. There are several key reasons for this. First, the amount of student loan debt taken on has skyrocketed to unprecedented levels. At public universities the percentage of students graduating with over $40,000 in student loan debt increased 18 fold between 1993 and 2004 – even using constant, inflation adjusted, dollars. In 1993 only 0.3% of all graduating seniors had student debt of greater than $40,000 (in 2004 dollars). By 2004 5.4% did. One-fourth of all public university graduating seniors in 2004 had student loan debt greater than $22,821. Half had student loan debt greater than $15,471. Median student loan debt increased by 108% between 1993 and 2004, and even adjusting for inflation it increased by 58%. Those obtaining graduate degrees can finish with over $100,000 in student loans. This debt is especially serious given that it is virtually impossible to discharge in bankruptcy. It would take a tragedy akin to being full body paralyzed in an accident to get it discharged under the current rules. On...
Words: 11966 - Pages: 48
...a big role in the economy. Unless people invest in businesses, there is no way that they can get started. This is also how they eventually grow in the future in order to meet county's needs and demands. The amount of stocks bought and sold each day directly impact the economy. Prior to the United State's stock market crash in 1929, there was an economic boom. Many Americans had already invested a tremendous amount of money in France. Once the French economy inflated, so did the economy her in the United States. French economy crashed because Americans took their money out of France and put it in U.S. stocks. If that ordeal was to happen today, where all or most of Americans pull their investments, the same economic decrease would happen. Not only would businesses fail, the U.S. would go into even more debt than they already are. The financial market affects all individuals in many ways that we may not even realize. “Many believe that if you don't invest in the stock market, a stock market crash doesn't affect you. However, any average person loses money and opportunities all based off the stock market”.( How does the Stock Market Affect You?, 2011.). When the stock market begins to fall, employers start cutting back on employee benefits. These benefits can include health insurance and retirement plans. Another area where individuals are affected is n the housing market. A bad economy can make it extremely hard for individuals to sell their homes. If a homeowner cannot pay...
Words: 953 - Pages: 4
...simple as paying our debts, using the syllabus to schedule time for assignments or just being honest about what we put into our bodies. Without maintaining self-control, how can a person expect to be prepared for any obstacle that should arise? A person must be able to apply their own ideas and make valid use of their time and resources. When the topic of finances is brought up, collar tugging and brow sweat are common reactions. Practicing personal responsibility will take the intimidation out of finances. Budgets are an effective way to keep track of the money coming in and going out. Having a detailed account of monthly transactions allows a person to allocate funds for living expenses, bills and savings. Practicing responsible borrowing can insure that you do not become upside down on debt to a creditor. Planning for the future by saving is a great idea, but investments play a bigger role. For instance, putting money into a 401K or IRA can help a person prepare a secure financial future making retirement more financially feasible. Also, one of the biggest investments we make in life is the purchase of a home. I saved every penny I had to make a significant down payment on the purchase of my home. Doing this made my interest rate lower, kept my debt ration down and made affording my home more manageable. Fixing up the home I purchased is also an investment in itself by increasing the homes overall resale value. Most of us choose online courses because of time constraint. In our...
Words: 858 - Pages: 4
...invest in today’s society. The New Era of technology shapes everything that we do within the financial world. Modern technology has changed the way investing has been done in previous years by providing the market easier access, which appears to be faster and inexpensive. With that being said it has allowed money managers to have access to unlimited information at their fingertips. Information technology also has its down falls when it comes down to investing due to security issues. In today’s society you have people who have the knowledge to gain access to your investments and pilferage from your investments. There are many different ways how someone can gain access to your investments and how to prevent it from happening to you. How information technology changed investing Information technology has been the biggest breakthrough in investments it has opened a whole new world for investors. This world has opened up the stock exchange to become open 24 hours a day and 7 days a week and 365 day a year and investors can have access to it at any place in the world via computer or smart phone Apps. As you are reading this, technology is being used for stock trading, 401k and on-line banking between buyers and sellers. Current technology has now made it easier to take risk because most programs now calculate the risk and size factors to give investors a little advantage within the market to help them get their fair share of the financial market. The new technology displays the...
Words: 1812 - Pages: 8
...Argumentative Essay Ever since you were little, your parents have been talking about this wonderful thing called college. They told you that you have to go there to get an education before you can get a good job. Many kids have dreamed of going to college, and being able to get the job of their dreams. By putting in hard work and dedication to good grades in high school, you had high hopes that you would be able to get into an Ivy League school. The American dream of being able to go to college to get a degree is sliding away from many people due to rising costs. With increasing tuition prices and job loss, the college dream is slowly and surely slipping away from many students and their families. The first step in the college process is to be able to afford the tuition and other expenses. Many families are unable to do so by themselves and depend on the help of financial aid and loans. Financial aid has recently been harder and harder to come by and loans are now harder to get. In 2000, the average gap between a financial aid offer and a family?s ability to pay for college tuition was $3,000.00. Since then, tuition has risen twenty one percent and shows every sign of continuing to rise with inflation (U.S. News and World Report, 53). If federal aid and federal loans are not easily accessible to families, how are they supposed to send their children to college? The financial aid system is meant to help needy students and their families, but the system is cracking under...
Words: 1127 - Pages: 5
...positive and open-minded. If I can take even one small piece of information away from this all then it will be worth it. My personal philosophy regarding ECE I don’t have a personal philosophy regarding ECE, at least not a formal one and I wouldn’t even know how to start one. Upon reading: The Elements of a Personal Teaching Philosophy in the book, Exploring Your Role in Early Childhood Education, by Jalongo and Isenberg, I have gained some insight on what I would like to include in my personal philosophy. I want to encourage and challenge the children. To make learning exciting and enriching, not only to the children, but to parents and other co-workers, as well. Treat every child as an individual and respect their beliefs. To be able to assess and reflect, not only how the children have learned, but how I have taught them. Those are just a few of the items I was thinking about. How I write them into a formal philosophy, I hope to learn! My own three most pressing issues in ECE My first pressing issue is that there is not enough education on how important early education is. I work at the VA child care center and we cater to most the doctors and nurses who work at the VA hospital. Unfortunately, for the staff at the child care center, we are thought of as, how one parent actually said, “glorified babysitters”. Some didn’t think that we need standard of living raises or a 401K. I wish that parents would realize that, according to The Center on the Developing...
Words: 1547 - Pages: 7
...Running head: Forensic accountant 1 Forensic Accountant Tanya Pace Dr. Gina Zaffino Bus 508, Contemporary Business 11/16/2012 Running head: Forensic Accountant 2 Determine the most important five (5) skills that a forensic accountant needs to possess and evaluate the need for each skill. Be sure to include discussion regarding the relationship between the skill and its application to business operations. Although forensic accounting is not a new field, it has become more talked about since cases like Enron came to light. For someone interested in the Forensic Accountant profession they should know that this field can be time consuming, but very rewarding. People who work in this career investigate white collar crimes such as company fraud, fraudulent financial record reporting, and illegal investment schemes. In a recent study by the Federal Bureau of Investigation shows that white collar crimes have cost the United States and estimated 300 billion dollars (DiGabriele 2008). I think five of the skills that a forensic account would need are communication skills, detail oriented, professional and ethical behavior, sound judgment and discretion. Communication skills are vital in any profession. It allows you to convey information for others to receive. The problem with communication is that it can be interpreted differently by other intended parties. As a forensic accountant, communication skills, verbal and non verbal, are important...
Words: 1643 - Pages: 7
...Trader Joe’s is a privately owned American specialty grocery store chain that specializes in private labeling and providing a unique and fun shopping experience for their customers. The chain comes from humble beginnings as a convenience store in southern California. Joe Coulombe founded the first store in 1958, but at that time it was called Pronto Markets and it was a convenience store in the greater Los Angeles area. In 1967, the name was changed to what we know it as today by Joe himself. This is when he also decided to change the direction of the business away from convenience store products into more of a grocery supplier (“Our Story”). This change was sparked by the rise of the 7-11 convenience stores. Coulombe was worried that those stores would put him out of business so he decided to take a different route and venture into the world of the grocery store (Moskin). The store is known for its’ hawaiian shirt clad employees and the fun, beach and tiki theme that plays heavily into the decor of the store. Coulombe has said that he was inspired while he was sitting on the beach trying to decide how to best handle the new 7-11 competition (Seattlepi). That is where his ideas of tiki torches and hawaiian t-shirts were born. He changed the focus of the store towards low priced gourmet items without any frills to keep it simple. He made his stores small to help keep prices low (Seattlepi). The concept of making the shopping experience a fun and tropical adventure is where Joe...
Words: 3275 - Pages: 14
