Payday Life Lesson Essay

Improved Essays
Payday: Life Lessons
After playing Payday for two consecutive days, I have realized that like Monopoly, there is more to learn than one might think. For example, sometimes you have to take out a loan to buy a business in the hopes of making a profit, but be aware of the ten percent interest that comes with the loan. And if the business flops and you lose money, you still have to pay back that loan and the interest that goes along with it. I also learned from a personal lesson, that when you’re nearing the end of your life, (the end of the game) buying another business may not be a wise option. Although there might be a chance for you to make your money back, it is not guaranteed by any means, as I learned with Teen Jeans Co. On the flip side

Related Documents

  • Improved Essays

    “Me, the Other Scott, and Payday Loans” is an article written by Scott Gilmore. It argues that the payday loan interest rate for every one hundred dollars borrowed is unreasonable. This topic is very controversial due to the stereotype that comes along with individuals who require a loan. In my opinion, the fact that there is “a correlation between the number of payday lenders in a neighbourhood and premature morality” is an indication of a concerning issue. Also, in today’s society multiple individuals struggle to make ends meet; therefore, forcing them to resort to payday loans.…

    • 173 Words
    • 1 Pages
    Improved Essays
  • Improved Essays

    The novel, “A Lesson Before Dying,” by Ernest J. Gaines, takes place in the 1940s, in a small plantation community in rural Louisiana. Paul, Grant and Jefferson are members of the society who illustrate, infer and prosper from the essential lesson learnt before dying. Though the three characters are distinct people, facing different scenarios in life, they engage in a struggle to achieve or support self-assurance and provide hope for civil rights movement in a society that restricts them. They learn the importance of one believing in their own integrity and provide an aspiration for justice, despite societal opinions.…

    • 1067 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Money Can’t Buy Happiness but Financial Security Can Despite our nation’s wealth, much of the population is in poverty, due to the fact that minimum wage is not a living wage. While the economy has gotten worse, minimum wage has not been raised since the nineties. The results of poverty on a person’s physical health, psychological health and emotional health were examined in the video, 30 Days Minimum Wage by Morgan Spurlock, in which Spurlock and his fiancée left their life of wealth and luxury to spend thirty days on minimum wage. What Spurlock discovered is not surprising.…

    • 995 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    According to the subject and my need for an emergency last dollar scholarship is due to me being unable to afford my education and having trouble covering tuition that exists before me. I currently reside in Dover, DE where am a student at Delaware Technical Community College. I work a part time job as a retail associate for TJ Maxx companies as well. I originally moved here about a year back from the landmark community known as Harlem, New York City. A neighborhood where the Apollo was not too far from where I grew up, which was known for the unremarkable jazz, and poetry culture as well.…

    • 598 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    It is not the easiest to find something good to do with a dollar. You can’t even buy anything at the Dollar Tree because with tax, you are spending $1.07. You could buy a Ricker’s soda, I guess, but that’s not really going to make an impact on anyone’s life. With my dollar, I decided to exchange it for one hundred pennies at Payless.…

    • 280 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    Minimum Wage Essay Topics

    • 393 Words
    • 2 Pages

    Minimum Wage Essay: Essential Question: Will raising the minimum wage reduce the level of poverty in the United States? Minimum wage is a current argument that will go on forever. The current United States minimum wage is set at $7.25 per hour. The jobs that fall into this wage usually come from manual labor like the fast food industry.…

    • 393 Words
    • 2 Pages
    Improved Essays
  • Superior Essays

    Minimum Wage Essay

    • 1339 Words
    • 5 Pages

    The federal minimum wage for a worker with health insurance coverage the employer, the hourly rate is $7.25. For a worker without medical coverage, the rate is $8.25 an hour. The minimum wage is automatically replaced with the Federal minimum wage rate if it is higher than the State minimum wage rate. Congress proposal their most ambitious for a wage increase, the $15 wage bill. It would be more than double the current federal minimum wage of $7.25 per hour.…

    • 1339 Words
    • 5 Pages
    Superior Essays
  • Improved Essays

    Minimum Wage Essay

    • 771 Words
    • 4 Pages

    What we earn as an income determines where we are on an economical level. Those who are fortunate enough to receive more, are often seen with more luxurious items as opposed to those who have less. Without a sufficient income, people find themselves budgeting to the extremes to make ends meet. Minimum wage is a standard by which employers come to an agreement with employees on base pay, wage is base pay that is not meant to be used to support a family and therefore should not be increased. The first argument that always arises from the debate over minimum wage increase is how it will affect the cost of living.…

    • 771 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    To pursue the success of an American dream at any cost, can unknowingly result in the destructive nature of dreams. A Raisin in the Sun by Lorraine Hansberry, provides a remarkable depiction of the destructive nature of an American Dream. Walter Younger is the head of the family, which fights against poverty, racial, and social injustice. Walter aspires to rise above his class status to gain dignity, pride, and respect. Walter believes his dream can only be achieved by opening a liquor business with the money obtained from his mother, Lena.…

    • 1500 Words
    • 6 Pages
    Improved Essays
  • Decent Essays

    In his scholarly journal article “Payday loan solutions: Slaying the Hydra (and keeping it dead),” Benjamin Faller, a candidate for 2009, case Western Reserve University School of Law, B.A. St. John’s University, 2003, argues that Payday loans should be monitor by the government and can cripple the borrowers financial circumstance for a many years. He develops this claim by first giving reasons why the government should have regulated payday loans and provided background information how payday loans were developed and how people get stuck in the endless cycle. In the beginning of the text Benjamin Faller explain how payday loans work in the operation section; for example, a typical interest on a 500 dollars’ loans can be half the loan. Next,…

    • 283 Words
    • 2 Pages
    Decent Essays
  • Improved Essays

    "I want to grow up and earn money like dad, mom. Then I'll buy a big house and a big car", I told my mother when I was ten years old. All my friends wanted to be astronauts, firemen, actors and doctors at that age. All I wanted was to earn money. When I was a child I always thought the purpose of life was to earn money.…

    • 354 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    Financial goals are targets and objectives that are usually motivated by a specific future financial need. Individuals typically set financial plans so that they are successful and not residing in poverty. If I were to be impoverished it would be very difficult to get out and be financially stable. Even though there are government programs to aid the poor, it’s very possible that I would be denied these programs. To not be in a situation in which I live in poverty and am dependent on government programs it is crucial for me to set financial goals and prepare for the future.…

    • 726 Words
    • 3 Pages
    Improved Essays
  • Superior Essays

    Growing Up in a Broken Home and What it Has Taught Me Growing up I had typical childhood experiences, but unlike some of you I grew up in a broken home. Many people would say I got the short end of the stick; however, I believe it has in some ways made me a better person. It was not because of the broken home, tons of other people grew up that way, it was the completely opposite lifestyles I observed in both homes that changed me. It has taught me many life lessons, including the fact that a man does not have to be your father to be a dad.…

    • 1373 Words
    • 6 Pages
    Superior Essays
  • Improved Essays

    Life Of A Teenager Essay

    • 706 Words
    • 3 Pages

    The Life of a Teenager Lazy, irresponsible, and immature, that is how most people would say defines a common day teenager. What causes this stereotype? Not all people in their teenage years act completely recklessly. If a teenager was asked if they thought they were unproductive, forgetful, and premature, most would say no, especially those involved in school, sports, and whatever other activities. School, for students who put in effort, is stressful and tiring.…

    • 706 Words
    • 3 Pages
    Improved Essays
  • Great Essays

    Mistakes are inevitable. Time is unbeatable. The longer the clock ticks, the more mistakes will be made. Time and mistakes have a funny way of coassisting with each other. Time however doesn’t stop for a mistake it keeps ticking away.…

    • 1250 Words
    • 5 Pages
    Great Essays