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Benefits of the american education system
Advantages of living in the USA
Advantages of living in the USA
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The success of any project or goal requires good planning. The objectives that we set are for the short and/or the long term. In my case, I have short and long-term financial goals. All my short-term goals are already in the starting point, which means I already plan or started implemented the different steps to reach the final point or the expected outcome. On the other hand, for my long-term financial goals, I taught about them but I haven’t decided yet how I will process. Ever since I got here in the United States in 2009, I have been thinking about getting insurance coverage. For many reasons I have never had a chance to start a plan or initiate any type of work towards that goal.
In the short term, my main priority is to finish with undergraduate school, take the CPA exam, and obtain a job to pay for graduate school or get a loan. When I arrived here in the United States, I had no other choice than going back to school. The main reason was, in order to have a decent life here, and not working only to pay bills only, I have to go back to school. Having a Bachelor in Business Ad...
No plan is perfect – no matter how well one thinks it out, there is always margin for error. A successful, well thought out plan consists of a solid primary plan, alternate means of achieving the goal and leeway to allow for mistakes.
Figuring out where you will be financially years from now is hard to imagine. There are always what you plan, and then there’s things that just happen that you would usually rather not have of. You can always make goals and things and hope that things go alright and end up close to what you expected.
In the year 2019 I plan to visit India in summer for a month. I also plan to visit few places in India. In this year I also plan to do research on real time optimiz...
I became an enthusiast of finance ever since I was at high school. At the political economy class, my teacher asked us: if you have a million RMB, how would you use it? She then introduced us the concept of investment, and I was intrigued specifically by the stock. For the latter two years of my high school, I have been reading books and articles regarding the stock market in the U.S. and in China. As one of the outstanding students ranked top 1% in College Entrance Exam in Hainan Province, China, I was accepted by the City University of Hong Kong with a full scholarship. With the strong interest in finance, I chose quantitative finance and risk management as my major.
Investment objectives are different for different people in their life. They are all depending on risk and return factor. It also depends on an individual how they manage their risk. This phenomenon is called risk-aversion, “people need to be compensated with proper return against the value of the risk they take”. The main goals of this project are to investigate possible investment opportunities, logically evaluate their corresponding risks and benefits, and make refined investment judgements. Investing money into unpredictable, unstable, and uncontrollable components can be extremely risky. However, with intelligent decisions, investing can yield significant capital gains, stability, and security.
Financial planning involves short and long-term investment strategies. A short-term strategy is one that an individual would want to see results in one to two years. “Most investment advisors say your first short-term goals should be getting your financial house in order by eliminating credit card debt and establishing a rainy day fund” (Mutual Fund Store, 2014). Mutual Fund Store explains that intermediate-term and long-term goals includes buying a house, starting a business, and retiring according to each person’s own schedule and lifestyle. Prior to saving and investing for one’s...
Managing personal finances is an important skill to acquire. However, no where in school is this subject taught. As a result of a lack of preparation, our society is subject to a high percentage of people who lack financial success. Those who are successful at managing their personal finances will find that they are successful in many other areas as well. To learn how to manage personal finances there are books and web sites that provide a step by step guide to successfully managing personal finances. Those who lack financial success often possess many of the same traits.
Successful organizations require their leaders to set and achieve goals on a consistent basis. In order for these organizations to meet their goals, their leaders must actively and carefully plan on how to meet these goals. There are many types of plans that successful organizations can and do use regularly to meet their goals. I feel that the strategic and tactical plans play the largest role in achieving goals because they lay out clear and structured plans in where organizations want to go in the immediate and long term future. Other types of planning are often used to carry out more specific, compartmentalized goals that support the entire picture, yet are less impactful to the organization if not carried out.
Foreclosure is an extremely serious topic for so many people. For some, it simply means that there are cheap houses on the marker, for others, it is the end of their lives as they know it. Ultimately, there really isn’t a solution to foreclosure, but there I have formulated a plan to help slow down the process.
The second and most enjoyable step is setting the goals. With this stage, one should formulate his or her material desires in a financial language. You can set long-term goals can such as retiring at 65 years old with a significant personal net worth. You can also make short-term plans, for example: buying a house or a car by paying a monthly mortgage for 3 years but no more than 25% of monthly income. You can also establish several...
Individuals have a right to pick their personal insurance program. Each person should determine what they need in the insurance program. There are four steps need to create a personal insurance program. First, one must set insurance goals. “Your insurance goals should define what to do to cover the basic risks present your life situation”(Hughes, 2009, p.312). For example, when you purchase a home you should purchase home owner insurance to protect your home; in case there is a fire, water damage, break-ins or thefts. You can live comfortably without worry about losing your home.
A financial goal is an objective centered around money. At every conscious level of life within us there are financial goals. From a young age to mature age or an individual to a country. No one intentionally wants to be regressing or become stagnant financially. Setting financial goals are important to survival and a structured financial plan is pivotal. A wise individual always strategies how he or she will accomplish their financial objectives. Whether short, medium or long term. There are numerous benefits of having financial goals with detailed planning. Below we will observe a few.
Most individuals are not proficient at managing personal finances. Although, management an easy task, usually only for some people who have the experience with managing their finances. In contrast, others find it a daunting due to lack of knowledge. Because, the economy have transfigured drastically since the1980’s, and the cost of living, insurance rates, and interest rates on student loans have all increased along with health care having doubled, managing money well has become more difficult. Therefore, it is imperative to acquire the skill of managing one’s personal finances. Through budgeting, saving and advice from a financial planner will ensure any individual financial success and stability.
Saving money is difficult, but it does not have to be. Once you get started, it gradually gets easier to save more money. Before long, you can use your savings to achieve your financial goals. By practicing good saving techniques, you can accrue more money during your lifetime.
When planning for our future it is important to have clear goals in mind and to understand the steps that need to be taken to achieve those goals. My long-term goal is to run my own counseling center and employee at least one other person. Some Skills I already possess that will allow me to succeed with this plan are my ability to relate to people and be consistent in following the steps needed, even though it will be a long and tedious process.