A Statement On Building A Foundation

The author of this book, Dave Ramsey, is a man who has gone through many struggles in his life. Throughout his book he talks about the times when he went bankrupt and couldn’t provide for his family. Dave Ramsey sat down and wrote a plan on how to be smart with your money. Ramsey says, “The principles are not mine. I stole them all from God and your grandmother” (xi). He talks about how these are not new ideas and that these are not theories because they are proven to work every single time. The central concept of this book is to help people succeed in life with money but also their personal relationships. Ramsey wants to give people hope and happiness by playing a small role in their financial freedom.

As a million dollars passes through your hands, Foster teaches us on how to hold onto the money we’ve earned. Many consider money to be a good thing, but when people start believing that quantity overrides quality, money can lead you to the wrong reasons. He’s gotten to know some of the most successful people in the world during his lifetime, and every single one of them started out learning what do with the money they’ve earned with a part-time job. “They also learned how tough it is to earn each and every dollar, so they were careful about how they spent their money. These successful people developed good spending habits when they were young that stayed with them throughout their careers,” (pg 22). In my future, I plan to get a job and save at least half of my

This course provides an overview of the elements necessary for effective personal financial planning and the opportunity to apply the techniques and strategies essential to this understanding. Primary areas of study include creating and managing a personal budget, understanding and paying taxes, working with financial institutions, wise use of credit cards and consumer loans, financing automobiles and homes, and the use of insurance for protecting one’s family and property.

Bill and I are members of the same congregation. He approached me after a basic introduction class on finance that I had given to church members. He asked if I could provide him with further coaching, knowing that my mentoring as a financial coach is rooted in Christianity. Bill is a nursing consultant, whose annual income is over 100,000; to date he has a checking and saving account and no debt, he would like to better understand his financial stability. Prior to our initial counseling I asked Bill, to not only provide me with some of the basic information but to also take an online assessment known as Financial Discovery Process in addition to filling out a questionnaire that I provided to him and to bring this information to our initial counseling so I may use it as a base line for Bill’s financial coaching. I advised that Bill make a cash flow statement. I explained that a cash flow statement, is a “summary of income and expenditures of a person during a set time period usually a month or a year,” (Murphy, 2009) In addition I sent Bill information that outlined my job as a financial coach, explaining that I am a mentor and a teacher in addition that I adhere to an ethical code so it is my job to provide him with professionalism, objectivity, fairness, confidentiality, in addition to integrity, competence and diligence, however it is not my

My own financial health resonates well with the above quote from Daly and Farley, not because I’ve thought about money, but because I know nothing about it. As a young student still breaking ties from home, I have to navigate the intricate world credit, lease contracts, financial aid, and investments seemingly to no avail. In his chapter titled “Enough Debt,” Dietz alludes to this complex world that is the American financial system that I and every other American are currently dealing with. With any complex system, there are misconceptions tied to it that can provide a simpler understanding to those analyzing it. Dietz provides three of the most prevalent misconceptions, how their true function actually debunks them, and then systemic changes

The goal of this course is to get you thinking about personal finance issues at a point in your life when you still have time to benefit from the power of time in generating wealth to accomplish your other life goals. The financial decisions you make early in life with determine in great extent the quality of life you will enjoy later, especially given the turbulent and uncertain economic conditions. Money isn’t everything, but a lack of it will impact almost every aspect of your life and those who surround you.

Economic knowledge is very important to have, especially in modern America. Dave Ramsey, a speaker, and guide for the public helps better educate on the importance of money and how it works. From a series of videos by Dave Ramsey, he brought to my attention a few important parts of saving. One of them is to always pay with cash. Another being avoiding acceptance of loans. Lastly, Ramsey hammered in the idea of always looking for opportunities to save money. These three points stood out to be most important to me.

1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points)

Another influential speaker was Gil Fonger. Mr. Fonger is a charismatic leader, who spoke to us about his life experiences in business and his faith journey. Mr. Fonger’s event was named “Leading with Values in Today’s World.” In addition, Christian Business Leaders donated to Marklund, which is a home for adults and children with profound disabilities. The money we donated helped with Marklund’s Children Home. Students walked away from this event encouraged in their faith and with more knowledge on how they can incorporate that faith into their future careers.

The last two articles concerning this subject are “Financial Education” by Peter S. Chandler and “Financial Planning for Professional Athletes” by Nick Bredow. These two articles examine the factors that go into good investing and knowing what a good financial decision looks like. The article by Chandler discusses different programs that offer financial education courses for athletes. The article by Bredow discusses statistics as well as what topics would be brought up during a financial aid course.

Dr. Hickman, thank you for sharing this article. I really enjoyed reading it. The 10 financial principles are things that I have heard in the past but for some reason, they really hit home this time. I really like seeing the bible verses that line up with the principles. I do try to seek godly counsel with all major decisions that I have to make whether they are for financial reasons or something else. The principles that stood out for me are live on margin, keep out of debt, and make a budget (Fooshee, 2016). The living on margin is a principle that I must strive to improve on. I find myself getting the meetings or appointments at the time I need to be there or a few minutes late. It is stressful when you are not sure if you are going

The interview began with my father describing his childhood: “[My family] didn’t have a lot of extra money… I felt I didn't have as much as the other kids.” I never pegged my father as the jealous type, even when growing up, especially in regards to his financial state. As he began his first job at Taco Bell at the age of sixteen, he related to me how no one in his life gave him sound financial advice: his parents did not have a great handle on their finances although they were the most involved adults in his life. He was alone on his financial journey, which gave me a better understanding of how he handles his finances growing up: he didn’t understand the intrinsic value of saving money in a bank, but recommended that I carefully consider this option when I

This assignment will be exploring how the key messages of the Foundation Phase are applied throughout all aspects of the curriculum. It will include analysis of childhood theorist sentiments, as well as the opinions of others.

Understanding my childhood financially, I vow to better the lives of ones who experience a similar lifestyle. Becoming a successful finance advisor will allow me to provide beneficial financial advice to underprivileged individuals and families such as I am. My purpose for being on this earth is to fulfill my potential and experience what the world has to offer. I will always remember what I have come from and be satisfied with each step of progress I experience. Being one to educate the ignorant who tend to make poor decisions with their personal finances will ultimately change myself as a person and those specific individuals. Everyone deserves to live financially comfortable, doing so I will never fail to realize what I have experienced and being completely satisfied with the results. In consideration to my aspiration to become a financial advisor I possess many personal values. Personal values are advantageous in that they provide guidance and are long lasting. Three examples of core values I abide are education, ambition and efficiency. These are a select three which relate to my future goal. Education is the primary core value because it’s where everything begins. Being educated enhances my knowledge, permitting myself to better others and for them to attain the concepts. Ambition is

Janet has contacted me over the telephone to find out more about my coaching services. I have found over the years that an initial telephone contact helps uncover several objectives prior to meeting an individual face-to-face. First, our initial telephone conversation develops trust and rapport followed by identifying if our personalities will be a good fit for the coaching process. Finally, as the individual tells me their problem and answers my open-ended questions, it helps me decide if my coaching services will benefit them. I find that Janet has several strengths working for her; for example, her position as office manager at her current job shows leadership qualities required in owning a business. Janet’s knowledge of the paper supply industry lessens the learning curve of opening a company selling greeting cards and stationary.