Double Money Research Paper

“The quickest way to double your money is to fold it over and put it back in your pocket,” as stated by Will Rogers. After taking this personal finance class I have learned that the quickest way to double my money isn’t to fold it over and put it back in my pocket. The quickest way to double my money is to be smart with it and know where it’s going and what the time value of it is. I took this business class as a pre-requisite for my bachelors of science and nursing. It wasn’t something I thought I would personally be interested in but boy was I wrong. This project along with this class has really helped me come to reality with how I spend my money and what my future can look like.
One of the first things I picked up from the class was how important it is to make a budget and realize where your money is going. That is one of the first things I did to help me with this final project. I proposed a future budget for myself after I have become and RN with my BSN. Since I am young and still live at home (boo) I don’t have very much financial responsibility. This project will be focused on a “small snapshot” of my future.
So, as a future RN, BSN I figured out how much I would be making at my job. Using BSNedu.org I figured out that on average I would be making around $73,900 if …show more content…
At this point in time I think bonds are a great investment for myself because they are very safe as long as you let them mature, they also provide a steady income. As much as I would like to think of myself as being a risky borrower and taking your advice I am not at that point in my life (maybe in the future). Specifically, I would invest in municipal bonds because they are of high demand right now. An example of this is in the city of Marine City, Michigan. Recently they been granted bonds to be sold to help fund advancements in the community. I would be able to buy these bonds and my income would be tax free because they are tax