Other People's Money

Athletes get paid million of dollars a year. That’s more than doctors, and even the president. It may seem unfair, but the athletes deserve their pay. Some people think that these athletes are paid way too much. Others think that the athletes deserve it. Athletes need the money to pay for medical bills and enough to suffice for the rest of their lives. Athletes have short careers. Athletes work hard to inspire and entertain us. Athletes deserve their high salaries. Don’t you think? To…

This object is green, and in the shape of a rectangle. The object that pops into most people’s mind will be money; dollar bills. The world revolves around money, and adults use money in their daily lives. The question many adults ask themselves is if children should also be allowed into the world of money. Children should not be allowed to gain money from their parents by doing chores. Children will want to earn money from doing any task, their parents do not get paid for doing chores, and doing…

traditional money system cannot be relied upon to hold our economy. The Industrial age in the early 18th century drastically changed everything, through the rise of factories and development of commercial goods, currencies based on commodity became unnecessary for many reasons. Correspondingly, due to the innovative and highly tech forward society of today, more than ever, has it become a need to have a money system that is regulated by a central authority. Metallism, the old school money…

independent. In other words, if the U.S was a communist nation there would be nothing to strive for. Individuals want to achieve the American Dream because they know it 's a possibility. Capitalism keeps the American Dream alive by allowing Americans to have ambition. Yet, many individuals blame the government for their failure to succeed independently. This is because some Americans feel that the government has been irresponsible in its actions of lending money. For the government lends money…

Kindleberger-Minsky model of financial booms and crashes is a great application to understand the issue of students’ loans. The issue of students’ loans started a long time ago as the government accepted to lend money to people who wanted to attend college. There was no problem with the government lending money as long as they were sure that borrowers would start making payment within months after their graduation. There was an initial displacement as people who graduated from high school…

reassure that their family is striving whilst they are serving overseas. 3. This would tell us that the type of people that would respond to this poster would be people in need of money, for themselves or their family, as well…

feel safe. This is where insurance comes into place. There are many insurance companies that make people want to spend their money at those companies. However, there is one insurance company whose ad will make homeowners think twice about their insurance decision. The Allstate ad uses a celebrity and certain aspects of life that make this insurance company different from others. To help promote Allstate insurance, celebrity Dennis Haysbert effectively uses his credibility to appeal to…

People make many financial decisions in their life time. Sometimes the outcomes of people’s financial decisions are great, but sometimes there are devastating. However, most individuals have a financial goal to accomplish in life. In this paper I am going to state a time when I decided to make a significant financial decision by using the Financial Management Model. I will also explain about my short, medium and long term goals and how my values affect these goals. Last year I decided to make a…

Debate has arisen in the United States over the economic value and need of the penny. The penny is the United States’ coin with the smallest value---only one cent. Recently, many have been discussing getting rid of the penny. It’s a waste of money and materials to produce and they’re easily forgotten more often than used. After much deliberation, I can conclude that penny is insignificant to our economic system and getting rid of it would benefit the United States’ economy. Interestingly, the…

millionaire. My previous thoughts on how to get rich and remain wealthy to get a good retirement build up were to stick your money in the stock market and savings accounts in doing so getting lucky and so how hitting the “jackpot.” After reading this book, I now have the education to hit the jackpot…