Thursday, May 15, 2014
CREDIT CREDIT CREDIT
All week we have studied about credit and debt and credit and debit and more credit. A credit card is like a card of money that you are able to use immediately at any time, but you must pay off the credit card every month. If you chose not to pay off your credit card every month, then more often than not you will end up in credit card debt. THAT IS NOT GOOD! However, what is good are debit cards. A debit card is hooked up to your checking account so that whenever you make a purchase with your card that money is coming straight out of your bank account. If you chose to use a debit card then you will most likely not get into any debt, which is YAY YAY YAY!!! More important than anything, you must read the fine print when applying for any credit or debit card, there could be things that trick you and then you are stuck in a pickle. All this is very important to know so you are aware of what type of card you are right for when you get older. Good Luck Credit Card Shopping!!!
Thursday, May 8, 2014
MONEY IS A DRUG
"The Conscious Use of Money"
Written by Jack Canfield
Published by Bolder Giving
Written between 1990-2005
Jack Canfield, the co-author of the Chicken Soup for the Soul series, writes his story about going from no money to be a wealthy, financially stable person. As a child he went to private school paid for by his rich aunt, and was even able to get a scholarship to Harvard. He always wanted money, and to be wealthy, but he knew that if he achieved that dream he wouldn't use it on himself. Then his books became best sellers and in a whole year he made about 6 million dollars. With this money he did splurge and by himself and his wife nice things, but he also didn't forget what he really wanted to use the money for. He wanted to give the money to the people. He and his wife asked themselves one question, which is a great question in my opinion: We asked ourselves: if we had only one dollar to spend, where could we spend it to get the most transformation in the world? They decided to donate money to foundations that helped those literacy and dyslexia. This mans mission was to make a difference in the world, which he was trying to do even without money. So when he was given the benefit of having money it made it so much easier to make a difference in the world. However, now his book sales are dwindling and isn't having the high income he had before. This just made him realize that he has to make careful financial decisions.
Jack's story shows that just because you have money doesn't mean you have the luxury of spending all that money every 5 seconds. He spent his money wisely, but did splurge for his family when he wanted to treat them. But he always stuck to his promise that he would help the people if he ever became rich. He did helped the people and he made a difference, all while maintaining his income. Even now he and his business partner have 10 or more percent taken out of their income and given to charity. He is a very generous person, and really wants to make a difference in the world everyday.
Written by Jack Canfield
Published by Bolder Giving
Written between 1990-2005
Jack Canfield, the co-author of the Chicken Soup for the Soul series, writes his story about going from no money to be a wealthy, financially stable person. As a child he went to private school paid for by his rich aunt, and was even able to get a scholarship to Harvard. He always wanted money, and to be wealthy, but he knew that if he achieved that dream he wouldn't use it on himself. Then his books became best sellers and in a whole year he made about 6 million dollars. With this money he did splurge and by himself and his wife nice things, but he also didn't forget what he really wanted to use the money for. He wanted to give the money to the people. He and his wife asked themselves one question, which is a great question in my opinion: We asked ourselves: if we had only one dollar to spend, where could we spend it to get the most transformation in the world? They decided to donate money to foundations that helped those literacy and dyslexia. This mans mission was to make a difference in the world, which he was trying to do even without money. So when he was given the benefit of having money it made it so much easier to make a difference in the world. However, now his book sales are dwindling and isn't having the high income he had before. This just made him realize that he has to make careful financial decisions.
Jack's story shows that just because you have money doesn't mean you have the luxury of spending all that money every 5 seconds. He spent his money wisely, but did splurge for his family when he wanted to treat them. But he always stuck to his promise that he would help the people if he ever became rich. He did helped the people and he made a difference, all while maintaining his income. Even now he and his business partner have 10 or more percent taken out of their income and given to charity. He is a very generous person, and really wants to make a difference in the world everyday.
Friday, May 2, 2014
Money & Banking
This week in Weserville we applied for checking accounts. Now we are all members of the Bank of Nettie and are successfully depositing and withdrawing money from our accounts. I think this is a great thing to learn, because it is actually what we will be doing in the real world in the future. I'm really glad we are learning this now so that we will be fully educated and know how to do it when we get older. YAYYYYYYY MONEYYYYYYY!!!
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