Why Do So Many People Get Fat After College?

Despite the importance of finance, accounting, and consumer intelligence, these topics are typically neglected in high schools. Unfortunately, personal finance is often learned by trial and error. The problem with this method of learning is that it only takes one costly financial mishap to set you back for years. This is why I created a basic personal finance book for total beginners. With these concepts you can use the other books in the Smart Money series to further build your knowledge of personal finance topics.

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.

Conversely, the article Poets & Quants: “Is A College Degree Worth The Money?” assumes that: “It’s true that you would be better off with a college degree. But that assumes you either have the money to pay for it or will make enough money to pay it off. It assumes you can earn your college degree, find a job and pay it off. And those are assumptions” (Allen). For some people, college is a waste of time and money, if the money is in their hands, they might attend college and complete the career they always wanted, so that in the end they receive a well-paid job, which also helps you to pay your university debt. Accordingly to students who are able to attend to college are motivated to earn their degree

In this society, some of the most important things in your life have to deal with money. In Chad Foster’s book, Financial Literacy for Teens, he taught his readers how to save, spend, invest and give away your money. Reading this book has taught me to start saving when I’m young, know the differences of what I need to buy rather than what I want, to make money while I sleep and giving away some of your money will not only help yourself, but help many others as well.

Whew, where to start? The personal finance class through Dame Ramsey’s Foundations in Personal Finance textbook and video series really had a lot of useful information, and it is hard to pick out the most impactful chapters and topics. However, I think the most important stuff for me was his five foundations for financial success, which were reinforced throughout the course. I am not downplaying the other important stuff in the course, including learning about the history of credit, budgeting, consumer awareness, investing, insurance, and taxes, but I think that mastering the fundamentals is important, which is why I am choosing to highlight them in this paper.

The presentation that I saw during the preparation of this discussion board post is entitled, “The 7 Baby-Steps” by Dave Ramsey. In this presentation, Dave Ramsey utilizes seven baby steps that will help individuals get out of debt and start a savings account. The question that was being answered in this research report is no matter what your income level is, Dave Ramsey will utilize your earnings in slowly chipping away at your debt. Dave Ramsey is very serious about his study and has used his teaching in his own life. Once a millionaire, Dave Ramsey had lost it all and was in crippling debt. However, using his research he developed a plan that not only allowed him to get out of debt, but to also become a millionaire once again.

Opponents may argue that pursuing higher education is an investment for the future that will aid in one’s future finances, however, the costs of college, both opportunity and monetary, far outweigh the benefits. Nemko also addresses the counterargument by accentuating that many college graduates serve jobs below the value of their degrees because they pay more through the stories of Jill Plesnarski and Brian Morris.

The article “should everyone go to college” by Stephanie Owen and Isabel Sawhill convinces people that not every school and major is a good investment to choose for studying , also the writer believes not everyone should go to the college. In fact, everyone likes to be successful in terms of both education and wealth , however the people choose different majors based on their abilities and talents. On the other hand, the society demands and the application of the majors define whether studying in a specific major is a good investment or not. If most of the majors categorized in terms of salaries and most of the people choose that specific major , job opportunities will be filled for that major and it’s not a good investment anymore. Therefore

The purpose of this assignment is to learn how to use my money wisely and also teach my children to use their money wisely also. The book I l chose to read is Smart Money Smart Kids by Dave Ramsey and his daughter Rachel Cruze. The five principles that I’ve learned out of this book is to teach your children young, about giving, saving, spend, budgeting, and debt.

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.

The book The Millionaire Next Door written by Thomas J. Stanley, Ph.D. and William D. Danko, Ph.D is a study about how people get wealthy and stay wealthy. They search deeper into what people really do hold wealth and those who pose as having wealth. The research conducted by these two gentlemen took place over a 20 year timeline and the goal of the research was to find out how ordinary people become wealthy and to disprove some of the many misconceptions held about millionaires. The authors came up with seven common characteristics about those who become wealthy. Out of those seven, three key traits can be seen which are; responsibility, hard work, and proper planning.

Fortunately, he did not have to pay back the loans. On his first job interview, he got the job and became an accountant inspector and as a result he got his loans waived, and this allowed him to have the money to buy a house. He is currently going to make approximately $90,000 to $100,000 this year and he has been working for less than a year. This demonstrates how college provides opportunities for people to take advantage of. The more education a person gains the more knowledgeable they become and knowledge is money. It gives person the opportunity to live a decent life where they do not have to worry about financial problems. This example proves that Bird’s idea that “college is the dumbest investment one can invest” is not always true. College offers more than just a degree, it provides a job with a decent salary. In Wilson’s experience, he found a job that pays him triple the amount of money that he pay for tuition.

Only a few percentage of people in our lives achieve success. Most of the people believe that success implies wealth and wealth implies success. In reality, neither of those things are true. Although money directly correlates with financial success, achieving true success in life and becoming rich are two different things. A man can be poor and

With the vast availability of the internet today, people are able to acquire knowledge considerably quicker than ever before. As I was browsing YouTube at the beginning of the summer in 2016, an ad started playing that took me by surprise. It was a man sitting in a tropical paradise with his laptop saying how he had made millions of dollars traveling around the world trading stocks. He began to explain that all it took was extreme determination and dedication to the vision he had. I was drawn to the video for the reason that I saw many parts of myself in this man. The absurd thing was that he was offering to teach what he had learned so that others would not have to make the same mistakes he had. If I was ever in a similar position to teach someone from my mistakes, I would every time. He is a stock trader who recognized the risks involved, but knew how to minimize them by making a plan. One of the most important lessons he has taught me is, in order to become successful at any task, it takes the will to persevere and an unwavering

How to properly manage money is something that should be taught to young people because it is a very important asset in everyday life. “Total consumer debt in the United States stands at nearly $2.6 trillion dollars. That works out to be nearly $8,500 in debt for every man” (Anderson). Many times teenagers are known for “throwing away” their money by spending it on unnecessary things. This is something that could easily be avoided if students were taught the proper techniques on saving and spending money. There are many different skills that students could learn if personal finance was taught in the school system. Managing money is one of those very important skills and would help to lessen the number of young people spending irresponsibly instead of