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Financial literacy chapter 1
Financial literacy chapter 1
Financial literacy chapter 1
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This aphorism really captures the uncertainty of the future, and how betting on the future is a big risk. It is supported with sayings such as “Live life to the fullest,” and “Life is short.” There are many reasons that the most dangerous risk of all is the risk of spending your life not doing what you want on the bet you can buy yourself the freedom to do it later.
This aphorism is talking about how trying to predict the future is a bet. It is impossible for one to see what will happen in a month, let alone 5 or 10 years in the future making this bet even more risky. There can be no certainty in that one will be able to buy one's freedom later because one cannot know what the future holds financially, what the world will look like, and where
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they will be at that time. One of the biggest examples of this is schools today, for example high school, where some young men and women are under the impression that they can't make mistakes and that their work has to be spotless.
This pressure for things to be perfect causes them to spend more time than needed on homework and studying causing them to skip out on social activities such as hanging out with friends and hobbies that they love to do but can't find time. This is a perfect example of what this aphorism is warning against. They are skipping out on stuff that they would want to do in order to do well enough in school that they can hopefully make enough money to not have to work later in life. This is risky because they cannot know the future and they are giving up their joy at the time on the possibility that they will be able to buy it later.
Older adults reinforce this aphorism all the time when they say things such as “I'm too old for this” which further shows that one cannot know what is in store for them. When accounting for this it is easy to see how it is a big, risky bet that many take can result in a bad ending. Some of the things one might want to do right now they might not be able to do later in life as a result of health problems, kids, and other unforeseen
variables.
“May your choices reflect your hopes, not your fears”-Nelson Mandela. This quote from Mandela relates to the novel Tangerine by Edward Bloor. The characters in Tangerine have you make difficult choices in their lives, but the choices don’t always end up right. Erik Fisher’s choices affect Paul in the novel by causing Paul to have vision loss, lose a friend, and lose self esteem.
This quote represents the generational gap as it dwindles into nothingness. Age has become such an important factor for anyone in this era. Few realize, though, that every generation is nearly the same. The only difference between any two generations is technology. All generations are plagued by the same problems and all hope that their children won’t face the same hardships. That is a case, which will never happen.
“...if you've found meaning in your life, you don’t want to go back. You want to go forward. You want to see more, do more.” (Albom, 118). People can keep from envying others by finding what’s good in their age in the present and not envying younger people because you are aging, “You have to find what’s good and true and beautiful in your life as it is now.” (Albom, 120). To illustrate, everyone always grows older and has the thought of if it is their last day on Earth, this is something people become worried about. “It’s what everyone worries about, isn’t it? What if today was my last day on earth?” (Albom, 64). All in all, you are always going to get older, and you have to learn the growth and perks of being old instead of battling it, or you will always be
“The unexamined life is not worth living” and “Life is about the journey, not the destination.” I relate to both of this quotes because we all have purpose in our life. We plan out life to be certain way. I plan week in advance so I know what is going to happen this week, what is in plate that I have to take care of it before the time. You need to be control on your life not others. Some people just float though life. They think of their present but they don’t think for their future. They just do the stuff right now and later they will worry about other stuff. They are never ready for future outcome. Only you know how you want to live your life, it’s up to you how you want live it. As I say I plan week ahead for my classes, my work and my family. But it doesn’t always go as it planned. In life you always have to be ready to face some problem. If you live through the problems that is call living life. My dad always tells me that, if you accept the challenge, or face some bad time with smile on face, you will always come out of there and then even the big problems comes you will be ready for it. Don’t ever get nervous for the small problems. Life is made of good time and bad
An individual’s lack of outlook on their foresight has a direct effect on their fear level, as it relates to making difficult decisions in life. The author describes himself as “being a boy” for “scarcely a moment”, alluding to the confidence level he has in life, implying that he is fearful of the uncertain future. The
We all know that staying safe will keep us alive, but it is a boring way to live. The biggest regret a person can have is never trying what they always wanted. As mentioned before, time never stops, so it is crucial that they act now. We fight a battle before we are even born against millions of others to see who will get to the egg first and be fertilized and born. We did not come to this world to just be safe and to be afraid to do new things. We all have a reason to be here and the journey of life is to find our purpose in life. It is what makes life so great, but to get their we must take risks and overcome that fear. People are afraid of taking risks because of failure. They are afraid to fail and not get anywhere. However, that fear can be overcome is they keep pushing and keep trying and keep taking risks. Taking risks will get a person out of their “safe” comfort zones and the result of this can be something so
Often people are unwilling to take opportunity, Emerson tries to show this in his aphorism. Due to the risks involved, people sometimes miss their chance at opportunities. Just like the kid unwilling to wear his shoes for fear of scuffing them, we are often caught in the same struggle between risk and desire. The kid desires to wear, and to be seen in his new shoes. But the risk of scuffing his new shoes outweighs wearing them, in his mind. People often do not realize what they’ve missed because of risk involved, until its too late. Finally the little kid decides he’s willing to accept the risk of scuffing his shoes, but by the time he tries to slip his feet into the little shows he realizes he’s outgrown them and they’ll no longer fit. Disgruntled and distraught, the kid wants to wear the shoes more than anything now that he can’t wear them. Emerson hints that we should take opportunities as they come; and never hide in the face of risk.
“Fate is nothing, but the deeds committed in a prior state of existence”, Ralph Waldo Emerson.
One cannot assume that an aphorism is statement promoting a tall tale with extraordinary events. Rather, it is a witty truthful statement that can be used in or out of context. Its extensive historic background explains how past writers have used aphorisms. Today, its purpose is used so boundlessly in many of areas such as the entertainment industry and politics. As aphorisms carry whimsy truths, it is only limited to carry out truthful insights. It must catch the audience with awe and express despair as being funny.
The elderly vary in their feelings and attitudes about growing older. A member of the older community shared that the worst thing about growing old is that there is not much future in it. However, she looks on the bright side and comments
“Only those who will risk going too far can possibly find out how far one can go.” This quote by T. S. Elliot tells us that in order to find out how far someone can go in life taking risks is a must in truly living. Taking risks could be small or large, difficult or easy, but in order to advance in what you want to achieve in life taking risks will get you where you want to be. In the stories and passages Beowulf, The Deep by Anthony Doerr, and Blackheat by Mark Brazaitis all prove to give an accurate description of how important taking risks are in a person’s life. These passages all have something to do with taking risks such as, The Deep, Tom takes risks in his order to truly live; Beowulf, the epic hero, takes risks in order to protect
What I found is that if one were to sit down, and think of their future realistically, they could certainly find an approach on life that will not cause one to regret the...
What the author may mean by this statement is relevant to the entire book. The overarching premise of the chapter is arguably the inclination to want to predict the future.
As we look back on our past we inevitably lose sight of our future, yet as we gaze into the future it seems so difficult to enjoy the present. Some say that we should live for the moment but they're so commonly the ones always whining about the unforeseen. Other say to live for a purpose, they seem inevitably to mean that you should neglect what's truly important in life in the name of money, power and fame. Uncle Sam says to live for your country, but that seems so commonly synonymous with dying for it, and if you do, you are a hero in my eyes.
Although the passage argues that students are to blame for the mediocrity, but a deeper analysis is required. If all things are equal, children are a reflection of their parents so if they taught them to just get by, then the child will not have the motivation to go beyond the already lacking education system. Therefore when the student gets to high school his ways are deeply engraved in their character making visible change difficult. Sooner or later they watch their peers get by with doing the minimum intellectual work and getting the most from their other activities. After all, the student does not understand that minimum wage pays for a couple of things, but does not provide for a family. Although they may witness the other kids get by with the least amount of work and may wish to join them; their character discourages them from following. But any weak links in his work ethic will cause said student to give in and follow the crowd. As a result, when the new students come in, they will now witness his laziness and follow his example. An illustration is when a young man is trying to get fit and if people who are in the opposite mindset are consistently surrounding him, then he will also give in and not complete his