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2 pages/≈550 words
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Accounting, Finance, SPSS
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English (U.S.)
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Investing In My Future Accounting, Finance, Spss Essay

Essay Instructions:

To assist you with this assignment I have created a template you can use for the creation of your paper. Click here to download it.
Week 10 Assignment: Investing in My Future (170 points)
Finance is exciting! In this course, we learned how money can grow through the use of compounding and interest rates and your growth strategies may now be different. What are your new financial goals? Would you like to become more liquid, to save more for your retirement, or to start a new business? Whatever your goals, finance is right at the core. Think about what you learned in this course regarding investing to complete this assignment.
Write a two to three (2-3) page paper in which you:
Describe (3) ways you will invest in your future based on the principles of finance discussed in this course. Include terminology from the course and use citations as necessary to support your explanation of the terminology.
Discuss one of the (3) ways you feel most confident as a way to invest in your future. Explain your level of confidence.
Of the (3) ways you will invest in your future, discuss the one you perceive might be the most challenging. Then, discuss how you might overcome some of those challenges.
Format your assignment in accordance with the Strayer Writing Standards (SWS).
NOTE: This course requires the use of the Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link.
The specific course learning outcomes associated with this assignment are:
Describe the many different investment opportunities available using terminology learned in this course.
Use technology and information resources to determine the best personal investment strategies.
Write clearly and concisely about finance using proper writing mechanics.


 


Investing in My Future: (2 - pages)


 


Introduction


 


Finance is exciting! In this course, we learned how money can grow through the use of compounding and interest rates and your growth strategies may now be different. What are your new financial goals? Would you like to become more liquid, to save more for your retirement, or to start a new business? Whatever your goals, finance is right at the core. Think about what you learned in this course regarding investing to complete this assignment. 


 


Three (3) Ways I will Invest in My Future


 


Insert info here


Describe (3) ways you will invest in your future based on the principles of finance discussed in this course. Include terminology from the course and use citations as necessary to support your explanation of the terminology.


 


My Confidence Concerning Investing in My Future


 


Insert info here


 


Discuss one of the (3) ways you feel most confident as a way to invest in your future. Explain your level of confidence.


 


Challenges With Investing in My Future


 


Insert info here


 


Of the (3) ways you will invest in your future, discuss the one you perceive might be the most challenging. Then, discuss how you might overcome some of those challenges.


 


Conclusion


 


Insert my conclusion here


 


 


 


 


 


 


Sources (3 sources)

Essay Sample Content Preview:

Investing in My Future
Name:
Institution:
Investing in My Future
Introduction
Finance is an invaluable subject in people’s lives because it determines their prudence in planning for their income. Imprudent financial planning is known to cause detriments to a person’s spending. Consequently, a person can become bankrupt if they do not take the necessary financial measures to avoid such happenings. A broad knowledge of finance is, therefore, critical in enhancing the decision-making processes of personal financial matters to cultivate the ground for a great future.
Three Ways I Will Invest in My Future
According to the principles of finance, time value is an important characteristic of money. Over time, money usually tends to decrease in value due to factors such as inflation. A dollar that a person earns today will have a reduced value in coming years (Brodock, 2014). Prices of different products and services continue to increase through time, which dwindle the purchasing power that the dollar has. In saving the time value that money possesses, I will start a small business on giving short-term loans to friends and others at an interest rate that grows over time.
The money-lending business has plethoric risks because of the conditions needed to grant a person the money. I will use a legal agreement that binds someone to pay at a specified date. If they default their loan, the accumulated debt increases due to a fine imposition (Brodock, 2014). Despite the risks involved that the loaned person might decline to repay, it is an investment that can earn colossal profits in a short time. It confirms with the personal finance “risk and reward” principle that stipulates greater rewards originate from riskier investment.
Thirdly, the “diversification of investments” as a personal finance principle promotes the distribution of risks in a portfolio with various investments as a way of cushioning oneself from singular investments. Singular investments can easily incur losses and result in the collapse of a business unlike when the investment portfolio is diversified (King & Carey, 2014). The money-lending business will have a back-up investment focused on supplying candies, chocolate and other pleasantries for students at the nearby school canteen. It will help in gaining daily since these are fast-selling products. It will help ...
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