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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.
I am currently eighteen years old. I am working on setting up all my financial things so that I am independent and can rely on myself for what I need and not have to worry about having my parents approving of things and being responsible for what I choose to do. I am going to take out a small loan soon and work on building up my credit history. I am also planning on transferring all my things like my car and phone to my name. This summer I am going to get a full time job as a CNA and save up some money for next year college. I plan on hopefully going to the University of Minnesota Twin Cities for my bachelors degree in nursing. As I attend college I plan on staying employed as a CNA and working as much as possible so that I can afford to pay my tuition that I will basically be on my own with. During my college years I plan to get a few small credit cards just in case and also to keep my credit good. After I graduate, I would like to move somewhere south or west and work as a Psych RN. While I work as a RN, I may go back to school and complete my masters program to become a NP (nurse practitioner). I will be receiving my insurance through whatever company I am working at because...
Personal Financial Advisors work behind the scenes with every type of person. They are the people who know how money works, and can tell you the best way to spend yours. They make investments on stocks or bonds, they plan for your retirement or children's college education. Financial advisors are aware of different opportunities and investment plans and they have the means to put your money where it can earn the largest return. A vast majority of people invest money, and more often than not there is a financial advisor by their side. This means that I could find a job as a financial advisor anywhere in the United States and in most other places around the world as well. Of course, it fits to reason that the people directing the world's money
I am a senior who wishes to progress with their education. I have a head start in college as I have had access to dual admission in both a technical college and my local college. I wish to continue my education by taking part in my local college South Georgia State College, and continue at Armstrong Atlantic State University. I plan to enter the healthcare field as a nurse, and then consider becoming a physician assistant. I hope to use the knowledge acquired in these fields to help the needy in my country of origin by constructing a local infirmary.
According to the National Student Wellness Financial Study, out of 18,795 surveyed students, about 60% said that they worry about having enough money to pay for school, and 32% students say they have sometimes neglected their studies because of money they owed. With such a high percentage of students, UMBC has taken the initiative to start a financial smarts course which informs students about how banking and credit work, how to budget their savings to pay for college and how to land a job after graduation, all which help to achieve a student 's financial SMART goals. My smart goal is to earn about $300,000 to $500,000 in about one decade or so. I will show you how I plan to achieve this goal with what I learned from this
My goal is to become a personal financial advisor. A personal financial advisor interviews clients to find out their income, expenses, and future plans. With this data the advisor will help the client pick the best possible route to get to their goal. A financial advisor also informs clients on financial benefits which include stocks,bonds, and insurance. The bottom ten percent of personal financial advisors only make up to 40 thousand dollars a year, which is the equivalent of $19 an hour. Although the pay at the beginning of your career is not humongus, the pay of being a financial advisor can reach up to 190 thousand dollars a year. To make 190 thousand dollars year you would have to make $90 a hour. Not only is the pay good, but being a personal financial advisor allows me to help people with their financial problems and to reach their goals, Being an advisor would be a very satisfying job to see people get to where they want to in life all because of me.
About halfway through my junior year I learned that I wanted to be a Nurse Practitioner. My teacher was talking about the different levels of nursing and it just caught my eye. I knew that I wanted to be a nurse practitioner and I wanted to help a lot of people in any way that I could, and I realized that I could help more people by being a nurse practitioner than just an LPN. I set my mind to becoming on and I most definitely plan on going onto school until I reach my Nurse Practitioners, and maybe even further on. I also figured out what I wanted out of my life. I wanted to get married, build a house, and have kids, but I didn’t want to do it until after I finished school. I wanted to focus all my time on schooling then get married and have a family, because I know how hard it is to be in nursing school, and have other things outside of nursing school that you have to do as well, Another thing that I learned at MidEast was that I fell in love with nursing in
When it comes to financial planning, economics plays a major factor in people’s personal finances in many ways, it is an essential part of the world we live in today. When you buy gas, or shop for groceries, plan a vacation, economics is at the core of those choices. So why does economics play such a vital role, what is the driving force behind this? In its simplest form, it’s based on choice. We will look at a few factors that impacts financial planning and the economy, including the use of credit, and how the government affects the economy.
Making a personal budget can be a very simple or a very arduous task, depending on how one goes about it. One must find stable monthly expenses, such as rent, and manage the rest of their income around that amount. Depending on the steps an individual takes, this can be a very simple process. For this project, I was assigned to make three personal budgets for three different situations. This paper will outline the first.
In the year 2018 I intend to wrap up all my research work and finish my PhD degree and start working as a Professor. I intend to graduate in summer 2018. Post-graduation I will be earning $90,000 working as an Assistant professor at University of Michigan. I will exchange my old car with a new car (2017 Range Rover) on EMI bases for 36 months. I also plane to move to a bigger 2BHK premium fully furnished apartment. I will also start re paying my education loan over next 2 years. I will also start saving some money to buy a house and for my marriage.
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.
We do live in a bigger home than usual for people with my parent’s income together, but it was something they could afford at the time they bought it. My parents are great people and I love them so much, my mother just has bad credit so all of my loans right now are in my name. I see that I am incurring a debt and interest everyday because of school loans. But I do not have a credit card and that is something I know if I had, I would get in trouble with. I took personal finance in high school and that is when I learned the difference between a debit card and a credit card. That opened my eyes so much more in what financial maturity looks like. I was able to figure out how to write a check and keep up with a checkbook, I learned about how babies are expensive, and about debt. I have learned that like my mother if I have a credit card I am going to get in trouble. This why I only have a debit card and both of them are closed cards (I believe there might be another term for this). It is when I run out of money; I cannot overdraft my account and occur an extra debt over the amount owed. That is so my card will automatically decline when I run out of money. This is good so I don’t get myself into trouble, and so it shows me that I need watch my
Budget is combining your income and expenses to decide how much money you are going to spend on an item. Budget is an important step to determine your financial health and financial stability. It’s an important financial tool because it can help plan for expenses, cut cost were unneeded, save for future goals, plan for emergencies that occur inexpediently, and list what you are spending and saving.
Personal financial planning eventually leads to secured retirement years; this is the purpose to plan for the future. With a volatile and erratic economy, and social security benefits undetermined in regards to having enough money to comfortably survive after retirement is critical. There is no magic ball to tell us what the coming years will bring; this is why it is up to each individual to have their own financial lives under control. Having a concrete financial plan now will secure an increased comfortable future.
My first goal is to continue my education by earning a Master’s degree in Accounting right after completing my bachelor’s degree. The MSU’s Accounting program attracts me for both its reputation and its career opportunities available for international students. It is my responsibility as a future accountant to be really familiar and proficient at the tools accountants use regularly. Achieving my master’s degree will also help me achieving my second goal of becoming a CPA by meeting the requirement of curriculum. Thus, I am professionally and academically motivated to earn a Master’s degree of Accounting at the Broad Business College.
The future is always uncertain. However, having a financial plan for the future can save a person a lot of grief. More importantly, it can help tremendously for that young adult who is fresh out of college, and at the beginning stages of life; for the young adult who is preparing to attain his or her Doctorate, and will be living, most likely, completely on his or her own.
Personal Finance is a class I’ve wanted to take for a while now. My major is Finance not because I want a career in finance but more to learn about finance for my own personal situation. This class taught me so much! During this class I was able to evaluate my financial situation and set financial goals for myself. The four topics that helped me the most were emergency savings, buying a car, purchasing a home, retirement, and estate planning. After completing this class I have a better understanding of these topics and how to achieve my financial goals.