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2 pages/β‰ˆ550 words
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Subject:
Accounting, Finance, SPSS
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Essay
Language:
English (U.S.)
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Topic:

Investing in My Future

Essay Instructions:

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. For this assignment, develop a summary and a 2–3 page paper.
This summary will help you develop your paper. Begin writing your summary by responding to the following questions and prompts:
Develop a one-paragraph summary using the Week 10 Writing Assignment Template [DOC]. A section for your summary has been provided within the template.
Note: Do not use this summary as the introduction to your paper.
Think about what you learned in this course. 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.
Paper
Write a two to three-page paper in which you:
Write an introduction in your own words, based on the content of your paper.
Describe three 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 three ways you feel most confident as a way to invest in your future. Explain your level of confidence.
Of the three ways that you will invest in your future, discuss the one that you perceive might be the most challenging. Then, discuss how you might overcome some of those challenges.
Use the Week 10 Writing Assignment Template [DOC] to provide additional help with organizing your assignment.

Essay Sample Content Preview:

Investing in My Future
Student’s Name
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Summary
A financial plan guarantees financial security during adverse times. My financial goals are to be financially independent and to have my own business. I also want financial security during retirement and own a home. I have begun various investments and savings concerning these goals. In addition to education, I want to learn essential skills and competencies to have a competitive edge in the job market. This will go a long way to guarantee high-paying employment opportunities hence more income.
Investing in My Future
Preparing a financial plan is not really about pursuing a particular objective. Putting resources into your future can be tied in with being ready for a rainy day. It essentially entails having the option to confront the future with monetary security (Kagan, 2021). This essay discusses some ways in which one can invest in their future.
My financial goals constitute my financial freedom and having my own business. For this reason, one can start saving for business by compounding money in the bank. Compound interest enhances faster growth of savings over time (Ashford, 2020). According to (Shaikat, n.d.), money has time value. Therefore, it is better to start saving earlier to guarantee financial freedom in the future and have more money in the bank.
Another way to invest is through the stock market and bonds. It is important not to rely on one source of income. The principle of risks and returns states that high-risk ventures always have high returns (Shaikat, n.d.). Investing in the right company stock can guarantee high returns. Stocks are very volatile, but they can fetch great returns.
One can also invest in various businesses such as real estate, the agricultural sector, and Mutual Funds. The idea is to spread out investments and ensure that your eggs are not in one basket. The principle of diversity helps minimize risk by creating a diverse optimum portfolio (Shaikat, n.d.). Having various portfolios helps an investor spread risk and buffers an investor from huge losses.
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