Category: Money

Explain the First Global Economy Embodied by the Trade in Silver

What makes precious metals so “precious”?

Precious metals are called so for a reason. The yearly production of these is quite limited. Their scarcity – is what breeds their value and uniqueness.

There are three major highly valuable metals that you can trade with – platinum, gold, and silver.

Precious metals have been serving mankind in various shapes and forms (money (coins), investment tools, industrial commodities) all over the global marketplace for ages.

Why would anyone invest in precious metals while having a paper money system? – you might ask.

Well, if we refer to history we can track that fiat currency has actually failed in many different countries and cultures, while silver, gold, and other metals managed to stay globally valuable commodities through the centuries.

During times of political or economic inconstancy, it is prevalent to see a sudden increase in demand. The wobbling of bonds, stocks, funds, and real estate can also push people toward giving their preferences to precious metals. If securities can be threatened, metals are staying a valuable asset that people can keep in their possession.

Precious metals have low to negative correlations to other asset types such as bonds and stocks. Meaning, that even if the smallest percentage of metals is included in an investor’s portfolio, it will lead to a reduction of both risk and volatility.

Nowadays, most financial advisors will recommend their clients diversify their portfolios to help to minimize risk. And here is where precious metals are used. They have proved to be a safe haven for investors while staying more or less stable for the past decades that were full of economic uncertainty. Metals can also serve as a hedge against inflation, as you can’t create more than is already available, they can’t be inflated.

And of course, precious metals are known as an exemplary stand-alone type of investment with a great capital potential that is based on modern demand and supply.

These metals can truly be called a global currency that offers investors a unique tool of a tangible asset with exceptional liquidity, which is so important in today’s market.

Role of silver in the global market

Silver is included in the list of the most traded precious metals as it has the advantage of countering inflation and protecting against other economic and financial crises.

Despite being a byproduct of other metals, silver attracts investment demand for the longest time. It is well known for its unlimited usage possibilities in all spheres. Apart from being used in medicine, and jewelry, It’s noted to be highly required in the industrial production of solar panels, phones, computers, microwaves, and other kinds of electronic devices. Sometimes, silver is even used in nuclear energy! New ways to utilize silver are created almost every day.

Therefore it plays an important role in both commodity and financial investment assets.

Investors buy physical silver in form of coins or billions. The majority of it is mostly purchased in Germany, U.S., and Canada. There is also a high demand for silver in emerging markets, though they prefer it in jewelry, and religious and cultural ornaments, which can be easily melted down, reshaped and resold.

Silver bullion and coin investments are a great and efficient way to hedge against inflation and any other financial market shifts.

Should Parents Give Their Child Allowance: Essay

The query of whether or not allowances are proper or wrong is one that has been argued for lots generations. Now it’s your turn, as a determine, to determine whether or not or now no longer an allowance is an excellent manner to train your toddler approximately monetary responsibility. There are many motives given on why an everyday fee of cash to a toddler has to or shouldn’t be achieved in the end I accept as true that there’s no proper answer, it’s far as much as every man or woman own circle of relatives to determine what’s the excellent choice for them. Through a few years of running with mother and father and educators, those are the pinnacle of seven motives I preserve listening to the query of why youngsters get allowances.

1. They learn how to be sensible with how they spend their cash. It may also assist to educate them on the way to prioritize their spending, & research from an early age as what matters is a waste of money.
2. They discover ways to shop for cash. Having an everyday quantity of cash, can also additionally make it less complicated for them to set up top saving habits, as a sure percentage of the cash from every fee may be located right into financial savings account piggy bank. Without an allowance, any cash they receive, might also additionally without a doubt be spent, with nothing going to financial savings.
3. They discover ways to donate their cash. A sure percentage of their cash also can be allotted to donations to the needy, with a bit of luck encouraging your infant to be extra considerate of others, & now no longer grasping with their cash.
4. They will discover ways to price range their cash so it lasts among payments. Eventually, maximum youngsters will learn how to be cautious about how they spend what restricted cash they have, in order that they don’t run out of cash. This will best happen if the figure doesn’t supply into the preliminary whining for extra cash while the error is first made!
5. They can learn how to make errors with small quantities of cash. Kids will discover ways to control their budget responsibly some distance faster thru being allowed to make errors themselves (and struggling with the results), instead of being instructed how they have to be dealing with their cash via way of means of a person else. Parents want to be there to manual their kids on how they have to spend their cash, however now no longer dictate (until there can be extreme results from their errors).
6. They might also additionally prevent nagging you for cash. The concept is, if they may be receiving a everyday quantity of cash, and they have an excellent knowledge of the way to price range it then they’ll in no way run out of cash, so won’t maintain pestering you for extra. Realistically, it’ll likely in no way place a whole quit to the nagging for cash, however, it ought to lessen it.
7. You may also emerge as splashing out much less cash. If you take a seat down, and upload how an awful lot cash you provide your baby for the duration of the week & how a good deal you spend on gadgets for them (e.g. clothing), it is able to surely training sessions less expensive to provide them an allowance and lead them to liability for a number of their purchases.

As I stated earlier, an allowance isn’t always the first-class choice for each own circle of relatives, however, those are a number of the motives why many mothers and fathers & educators trust an allowance is the simplest manner to go. Some households though, won’t have sufficient room within the circle of relatives’ finances to offer their kids a normal charge, or may also surely no longer agree with it for her personal non-public motives. Either manner you choose, I actually have visible with my personal eyes, kids from every aspect of the fence who’s grown as much to be first-rate cash managers, and also youngsters who appear to don’t have any concept. Ultimately, it comes right all the way down to how a lot steering a baby gets from their mother and father’s guardians in cash whether or not thru an allowance or now no longer.

Teachers Should Be Paid More: Persuasive Essay

Considering the significance of teachers, their merit isn’t recognized as high as compared to professional athletes, this value can be seen in the huge salary difference between the two occupations. The importance of teachers that should be considered is their contribution to society, they play a hand in the economic growth of the future, their role as individuals who not only give students a formal education, but the ability how to receive it, and how they have a helping hand to students and children who are a disadvantage. Taking into the thought of what teachers’ role is in society, and how their philosophical practices improve the future population, teachers should be benefited more than athletes, and be paid almost minimum wage.

The lack of demand for teachers, due to their nadir salary, limits bright and brilliant minds to share their knowledge with the society of ‘tomorrow’, who will contribute more to the economy. A majority of people who have a university degree, generally make more than those without, a nation’s education system has a connection to its economic performance, high paying jobs require higher education and training. Educational outcomes are correlated to the future of the economy, due to their high qualification and training in the workforce ‘which is rewarded through relatively higher wages and enhanced employment opportunities (Borja, 2010)’. For many in the workforce, enhanced awareness skills cause great intuition and the ability to learn and solve complex situations and problems. These attributes have a strong connection to the quality of schooling, through the values of the education system. Because of this direct link between educational and economic outcomes, economic analyst has had their eyes on the ‘labor market benefits of an education’; because of this, began a large research pool in an attempt to quantify these gains in the economy. Due to the data and empirical unit, that has caused difficulty in accurately proving this assessment of the links between the two outcome, the research showed remarkable benefit in economic growth, which can be concluded to be caused by high-quality education (Gould et al., 2003; Chetty et al., 2011).

Teachers not only help students by giving them a formal education, but they also help students to succeed by raising their confidence, but they are also given the feeling of empowerment, in which they can reach their goals by devising their own strategies. Within a student, of all years, building confidence is important to students who have low self-confidence, because it lowers their own self-esteem. Teachers’ philosophy centers around mostly caring about the students, so that, they don’t just learn, but they know how to learn. This can achieve this by affecting 3 effective strategies: Setting a routine that students can control; the more an unknown thing is repeated and is familiar to a student, the less of a mystery it is to them, which can, therefore, be controlled. Setting regular goals; the best way a teacher can encourage a student to set a realistic goal, is to set them in three different time frames, weeks, terms, and semesters, the short ones should be easy, and should be completed to achieve productiveness, and the long ones, should be difficult and can achieve new forms of knowledge. Encourage an atmosphere of positive reinforcement; positive reinforcement doesn’t exactly rule out criticism, as it would be unrealistic, but it takes into consideration of quality and form of feedback, to ensure that ‘praise comes before blame’ (Sahara, 1970).

Disadvantaged students are those who have an impediment to excelling and learning, due to some mental or physical ability, that is out of their control, Deaf, ADHD, Blind, or mute. To improve learning in classrooms, policies need to guarantee and facilitate that schools that have teachers that teach disadvantaged students promote the utilization of a balanced combination of student-centered instruction with aligned curricular and assessment practices. Schools and teachers should use diagnostic tools and formative and summative assessments to watch children’s progress and ensure they’re acquiring good understanding and knowledge. Ensuring that schools follow a curriculum promoting a culture of high expectations and success is very relevant. Teachers who can successfully educate students with disadvantages use three strategies: evaluates a student’s unique needs, determine appropriate instructional practices and introduce this special education, with a consultation with the parents. To assess the student’s disadvantage, and determine his individual needs, teachers invoke a multiplanar team with the student and his parents/guardian, a diagnostic assessment and classroom observation are used to assess the severity of the disadvantages. The assessment should display the student’s strengths and enable instruction on their existing knowledge. To select an appropriate instructional practice, teachers, step by step, acquaint themselves with the student’s disadvantage and see how they can teach by going around them. Introducing a student to an Individualized Education Program teaches students to reflect on annual goals, although no two students with the same disadvantages can learn the same, teachers adapt to the student’s disadvantage, and use all sorts of different methods of assessment practices and advantages.

Given the impact of teachers on society, teachers all over the world are grossly underpaid. Paying teachers more is both the fair thing to try and do and is useful to our education system. All teachers should be paid quite the present national average because they have a challenging job, their current salaries are insufficient, and a far better salary would cause a better quality of education. Given how much teachers contribute to society, by increasing the future economy, and teaching students who lacked proper education and those who are at a disadvantage.

Essay on Money

Money has a major role in the Development of society often times, people say that they can live without money. They define money as just one of the tools that enhance people’s living environment. However, in real life money is a very important matter in people’s lives. Although people in history have lived through the exchange of goods and didn’t rely on the value of money itself, today modern society can’t function without money. Money plays a huge role in society in different ways, as, it makes refreshment the economy because all Economic sciences depend on money, so it promotes the economy of all countries. Money is also used to make projects like hospitals so we manage to treat patients. it helps in building houses for houseless people, so thefts decrease and crimes. it uses to decrease unemployment by providing job opportunities as it uses to build companies, and factories, and plan for big projects such as industrial commercial and other projects. It improves investments inter the country and with other countries. Money raises the position of the country and improves the economic condition of the country. Money nowadays represents life. It’s the most thing that people are interested in. money is very important in the progress of countries and societies. A rich country is the most powerful country. The rich state can spend on legislation, establish infrastructure, and set up public facilities to benefit citizens. A strong state can provide a strong protection system, as it can buy modern military equipment to protect its border and people. Without money, starvation occurs.

The role of money in achieving a higher quality of education is very important as people value education in their lives and a quality education depends on the amount of money spent on this type of investment. Every person in this world has to invest their money in education to gain learning. This learning wouldn’t just count the education they receive in school, but other extracurricular activities such as learning how to play piano, dance, and even art. Most of the time to become talented in playing the piano people must devote their money to a teacher who has a professional degree in playing piano. Similarly at school, people want to be taught by a teacher who has a high degree in their field. It’s believed that teacher who has been highly educated can provide better education to their student. The high quality of education brings a higher possibility to succeed in the future society because when people are exposed to high-quality learning they tend to be taught higher-educated materials from a well-educated teacher. A higher quality of education means that one is in a well-structured environment with other educated friends. they would have a good chance to meet people with authority which would contribute to their networking in a future career.

In the business world money also have a huge role such as it plays a great role in both our society and in business, in business, most interactions that people have involved a huge amount of money one common example of a worldwide business is an investment, in this field people put lots of money into a particular market as the market gets bigger and achieve a higher reputation, the worth of invested money grow larger.

When I was young, I thought that money is the most important thing in life; however, I realized later that I was wrong. Although it satisfies our basic needs, it slave master to its owner. Money is a double-edged weapon. It’s harmless when we used it to provide for our basic needs, but it may control a person and push him to do anything to get it even crimes. Money causes many problems. We see nowadays people prefer money over their family and friends. Some people choose illegal ways to achieve their wants and earn more money. Sometimes, money becomes their priority, and they become less interested in important things, and he starts to forget important things. Like pray and forget who created him. Let’s consider what money can’t buy, some people assume that it can buy happiness, but I believe that they are mistaken. Although money makes live easier it can never buy happiness. Arnold Schwarzenegger once said,” money doesn’t make you happy. I now have 50 $million but I was just happy when I had 48$ million”.

Money can’t buy love as marlin Monroe lived a luxurious life yet, she committed suicide, after several romantic failures. We mustn’t waste our life collecting something that is going to die. You are asked now how money dies, yes it dies from the moment you enter the grave. You aren’t born with a wallet in your hand, as you won’t take even one pound when you die. Like, For a famous rich man who spends his life building rooms for storing his wealth and dies without spending one pound.

When a person loves money, it forced him to cut off from his nears and dears he starts to suspect every person that he wants his money, money may change your behavior towards you: you never know that the person is interested in you or in your money. he doesn’t enjoy his day, all time he thinks about what will happen if he lost his money and what will his case in this time. he becomes in a plight without it, especially for the person who was born with it, so he loses internal peace. he always wants to be richer so he may start cheating things to save more money illegally. He may tend to trade in drugs and weapons, and tent to his end with his hand. Money causes inequality of income as a rich man has all in life to study in high school and get a good education, travel and get all means of comfort, and has the ability to buy everything, but a poor man can’t find the basic needs.

In old times, due to rich people, the poor people suffer many problems. Rich people didn’t respect them and give them a small salary, but now due to the government, there is improve in the salary of the poor people and give them their rights as equal to rich people. Now poor people are given equal opportunities for education so they manage to get any job.

Money causes many problems in society although it solves any problem. as it defers between people, between the poor and rich people so there isn’t any cooperation in the world so society is badly affected due to storing of money . The great disadvantage is that its value isn’t constant. So it causes instability in the economy.

Should We Get Rid of Paper Money: Argumentative Essay

We all have our own expectations for life in the future. Whether you dream of flying cars, holidays to the moon, or your own robot, the possibilities are endless. But when we imagine what life would be like in the coming decades, aren’t we forgetting something? Something which everyone does, every day, everywhere… When the time comes, how would you expect pay? I’m sure you wouldn’t imagine yourself counting out some cash and handing it over for your morning coffee. Fitting with this expectation, recently, there has been a global movement away from cash. Now it is quicker to skip the paper and pay with a tap, resulting in a 73% increase in card transactions worldwide since 2012. Some are professing that these trends suggest it is inevitable that there will come a time when all transactions are made digitally. However, there are crucial consequences to such dramatic change and a large opposition who believe we are not ready to leave paper money in the past. Nevertheless, the future of payment remains uncertain.

For many, the driving force for electronic evolution is convenience. Clearly, it is advantageous not having to haul a bulky wallet everywhere. Furthermore, purchasing digitally streamlines the payment process for customers and shops. Not only is it effortless paying by card, but a cashless future would relieve shops of having to maintain tills. The problem with paper money is that it must be managed; storage, transportation, and protection are a necessity, resulting in unexpected costs for many businesses. Likewise, for the public, there is an inconspicuous cost for using cash. In the United States, those who are unbanked pay four times more to access their cash than people with bank accounts through which they can store and access money, and the average American wastes 5.6 hours a year traveling to retrieve cash.

In addition, those who support the cashless movement assert that the less paper currency in circulation, the less criminal activity: less terrorism, less tax evasion, less illegal immigration, and less illegal drug supply. Criminals adopt cash because of its anonymity, whereas digital payments can straightforwardly be traced and monitored. This means that without paper money it would be extremely difficult – almost impossible – for anyone going against the law to make payments, as fraudulent activity would instantly raise suspicion in the digital system. Hopes are that going cashless would therefore annihilate illegal trade and the black market. With no cash sitting in tills, bank vaults or home safes robberies would also plummet. Similarly, a lot of dubious businesses prefer paper money because it gives them the ability to obscure transactions and avoid taxes. It is estimated in the United Kingdom that about 2.7 billion pounds are lost in tax avoidance each year. If all payments were digital, it would be a hopeless endeavor to try to hide money from the law.

Out of all the countries moving towards a cashless society, Sweden has become a world leader. In 2016, barely 1% of the values of the country’s transactions were made using cash. The change has been spurred on by banks who have encouraged digital payments due to their increased revenue from transaction fees on cards. This has been the most successful attempt to get rid of paper money so far with some analysts predicting that by the year 2030, the country could be completely cashless. The transformation which Sweden has undergone is loved by many for the simplicity and security it brings to everyday life, underlining how successful moving away from cash can be. Yet, despite this success, many people remain skeptical of the move.

Although moving away from physical money seems inevitable, there are many concerns with a completely cashless society. If our entire system is completely reliant on electronics, what will happen in a power cut? The complete reliance of society on such a system creates a need for reliability, which cannot currently be guaranteed. On top of that, there are serious security concerns with digital wallets. Cyber-attacks are becoming increasingly common, and by putting complete faith in digital banking, we would leave ourselves extremely vulnerable to hacking or a potential system malfunction. However, there are more deep-rooted problems faced by a theoretical cashless society. Privacy is a huge concern as every penny you spend in a digital system can be tracked and traced. This data would be extremely valuable to hackers, media companies, and businesses. And more frighteningly, government influence over the banks and credit card companies that process digital transactions could be used to halt payments for certain products or services. For example, if the government disagreed with a certain business for ethical, financial, or political reasons, they could freeze any transactions they make inevitably destroying such a business, because without an alternative such as cash, they would be forced out of trade. Imagine this control in the hands of a dictator, let alone a democratic government. Also, studies have shown that people tend to spend more freely when paying digitally because they are disconnected from the money they would typically be handing over. This means that going cashless has the potential to exacerbate debt.

Furthermore, it is those who are most vulnerable – such as the poor and the elderly – who tend to rely on paper money the most. Debit cards and digital wallets aren’t accessible to everyone, meaning that without cash many people will be left isolated. In 2016, India decided to phase out their two most popular banknotes. This made 86% of the country’s cash worthless overnight. But the prime minister claimed (as those in favor of a cashless future do) that it would destroy India’s tax corruption and the black market. However, in India, almost 90% of transactions are made with cash. Therefore, it was the poorest who are primarily paid in paper money, who had little access to banks, and who stored their life savings in high-value notes that were crushed. Stores shut down, people couldn’t get paid, and hospitals were forced to refuse patients. People died waiting in line to deposit money. It was a catastrophe.

But even though India has struggled with their attempt to minimize cash payments, it does not detract from the potential of a cashless future. Rather it highlights the importance of context. Cash was engrained in the Indian economy, yet for countries like the UK, where card payments account for more than half of the total transactions and 96% of the population own a debit card, there is much more potential for a smooth transition. However, in my opinion, it is hard to say if the UK is ready for such a change. With a growing elderly population who rely on paper money, prefer using it, and struggle with new technology, such a change is bound to divide our country. This leads me to believe going cashless will not be a naturally occurring evolution, especially for a country that greatly values tradition. Nevertheless, the benefits are evident, and with the right planning, the risks could be diminished. Personally, I don’t want to have to deal with the clumsiness of cash. The school dinner ladies already hate me enough for paying for a 63p cookie with a £20 note. So I think we’ve waited long enough for a cashless future, and yes, we should get rid of paper money after all.

Essay on My Personal Experience in Life

Money. A huge aspect of becoming a member of our justice system blinds most of us into fulfilling a career in law. But there is so much more to it that we do not particularly see. The word ‘Law’ is such a powerful word itself; it is a rule of conduct that holds the ground authority in the community which defends it from unfairness, it builds and connects us making our country a stronger one. This is the aspect of law people should be interested in and educated about. For me, law has always been the concept of equality. The rule of law preaches that beneath the variance of identifications and abilities, we are all one being who are united under the law.

My interest in studying law began ever since my secondary school teacher quoted Roscoe Pound’s words ‘Law is experience developed by reason and applied continually to further experience’, it has pulled me to learn about our justice system in much more depth than what we see in movies or hear in the news. I have always wanted to be capable of helping others and potentially making a difference in their life.

I trust that I would be a suitable student to study law as I am a confident, strong-headed individual who works at my best when I am challenged. My A-level choices, such as politics, criminology, and law, have helped me deepen my knowledge of this field. Studying politics has helped me develop an understanding of the power of individualism and theories of the state, international states, and intergovernmental relations. Additionally, on how laws that have been created through the political process in Parliament. Studying criminology has given me a deeper understanding of crime, processing and gathering criminal evidence in a case, criminal theories, and criminal justice in the present world. Besides, studying law has certainly given me a helping hand as it helped me develop a range of skills like research skills, essay writing skills, and logical and analytical thinking, with the addition of legal knowledge within both criminal and civil law.

My understanding of different faculties within the law was booted, and I engaged in a two-week work experience program over the summer. I benefited from this program significantly, as I was able to join live virtual chats with qualified lawyers to learn about their experiences in getting a career in this field and all the achievements and disappointments within it as well as, complete quizzes and tasks that involved legal research and writing an essay on my perspective of our justice system. This work experience program has benefitted me as I was able to get an insight into my future career. My present job, as a sales assistant, is a great opportunity for career development as it is helping me develop useful skills for the future such as helping and interreacting with others, teamwork, organization, and other useful skills.

Throughout my study of law, I have noticed that I have the personal skills that will help me succeed. I am comfortable with presenting and expressing my ideas in front of others. Furthermore, I enjoy working well individually as well as within a team. I understand that the handed trust is the most important aspect of being a criminal lawyer, it holds the most value for lawyers today and it most certainly will hold much more value for future lawyers like me.

The next step on my journey is studying law at your university. I am looking forward to deepening my knowledge of the legal world as well as putting my logic skills to the test in a debate scenario. My studies at your university will be my stepping achievement to a superior life.

Why I Want to Be Rich Essay

In a world where material wealth often equates to success and comfort, the desire to be rich is a common aspiration for many individuals, including myself. While the pursuit of wealth should never be the sole purpose of one’s life, it is essential to acknowledge that financial security and prosperity can offer opportunities, freedom, and a higher quality of life. In this essay, I will share my personal reasons for wanting to be rich, emphasizing the potential benefits and responsibilities that come with wealth.

Financial Security and Stability

One of the primary reasons I want to be rich is to attain financial security and stability. Financial security means not having to constantly worry about making ends meet, paying bills, or living paycheck to paycheck. When you have substantial financial resources, you can provide for your family, cover unexpected expenses, and confidently plan for your future. The peace of mind that comes with financial stability is invaluable, as it allows individuals to focus on personal growth, relationships, and pursuing their passions.

Freedom and Opportunities

Wealth can provide an unprecedented level of freedom and opportunities. It grants you the ability to make choices based on your desires rather than your financial constraints. With wealth, you can explore new hobbies, travel to exotic destinations, and invest in experiences that enrich your life. Furthermore, financial freedom can empower you to take risks and pursue entrepreneurial ventures, potentially leading to even greater wealth and personal fulfillment.

Philanthropy and Giving Back

Another compelling reason for wanting to be rich is the opportunity to impact the world through philanthropy positively. Wealth can be a powerful tool for social change, enabling individuals to support causes they are passionate about and contribute to the betterment of society. By giving back to the community, funding charitable initiatives, and supporting research and development, wealthy individuals can play a crucial role in addressing pressing global issues, such as poverty, education, healthcare, and environmental conservation.

Quality of Life

Wealth can significantly enhance one’s quality of life. It affords access to better healthcare, education, and housing options, improving overall well-being. Additionally, being rich can enable you to surround yourself with like-minded individuals and access exclusive experiences and amenities that may not be available to those with limited financial resources. A higher quality of life can lead to greater happiness, satisfaction, and overall life fulfillment.

Legacy and Future Generations

Many people aspire to accumulate wealth to create a lasting legacy for their families and future generations. By building substantial wealth, individuals can provide their children and grandchildren with financial security, educational opportunities, and the chance to pursue their dreams without the burden of financial constraints. The desire to leave a positive and enduring mark on one’s family is a powerful motivator for wanting to be rich.

Personal Growth and Fulfillment

Wealth can also facilitate personal growth and fulfillment. It allows individuals to explore their passions and interests without being held back by financial limitations. Whether it’s pursuing advanced education, engaging in personal development, or dedicating time to self-discovery, being financially well-off can provide the resources needed to become the best version of oneself. This personal growth can lead to a more satisfying and purposeful life.

Responsibility and Ethical Considerations

It is essential to recognize that with great wealth comes great responsibility. Being rich entails ethical considerations, such as how to use wealth responsibly and ethically. It is crucial for wealthy individuals to engage in philanthropic efforts, support ethical business practices, and contribute to sustainable and socially responsible initiatives. Being mindful of the impact of wealth on society and the environment is a significant aspect of wanting to be rich responsibly.

Overcoming Challenges

It’s important to acknowledge that the path to wealth has challenges and risks. Achieving financial success often requires hard work, dedication, and the ability to overcome setbacks and failures. Moreover, managing wealth can be complex and requires financial literacy and prudent decision-making. As I aspire to be rich, I understand that I must be prepared to face these challenges head-on and continuously learn and adapt to navigate the complexities of wealth.

Conclusion

In conclusion, the desire to be rich is fueled by various compelling reasons, ranging from financial security and stability to the ability to impact the world positively. Wealth can offer freedom, opportunities, and an enhanced quality of life, enabling individuals to leave a lasting legacy for future generations. However, it is crucial to approach the pursuit of wealth with responsibility and ethical considerations, recognizing the challenges and responsibilities that come with financial success. Ultimately, the aspiration to be rich should be driven by a balanced and purposeful approach that considers personal and societal well-being.

The Penny Debate Response Essay

Introduction

The debate surrounding the use of the penny in modern society has been ongoing for years. While some argue for its continued circulation, others advocate for its elimination. This response essay aims to provide insight into the penny debate by considering both sides of the argument and presenting a balanced perspective. While acknowledging the sentimental value and historical significance of the penny, it is important to critically evaluate its practicality and economic impact in today’s world.

The Sentimental Value

One of the main arguments in favor of keeping the penny is its sentimental value. The penny holds a special place in the hearts of many, representing nostalgia, tradition, and a connection to the past. Its historical significance, dating back to the early days of the United States, evokes a sense of patriotism and pride. For proponents of the penny, eliminating it would be seen as a disservice to our cultural heritage.

Cost of Production and Wasted Resources

On the other hand, critics of the penny highlight the significant cost of producing and maintaining it. The current cost of producing a penny exceeds its face value, resulting in a financial burden on the government and taxpayers. Additionally, the resources required for manufacturing and distributing pennies could be allocated more effectively toward other pressing needs, such as education, healthcare, or infrastructure. The argument is made that these resources could be better used for initiatives that have a more tangible and immediate impact on society.

Inconvenience and Economic Efficiency

Another key point raised in the penny debate is the inconvenience and inefficiency associated with its use. Handling pennies in daily transactions can slow down business operations and create logistical challenges for businesses and consumers alike. The time spent counting and handling pennies could be better utilized in more productive activities. Furthermore, from an economic perspective, rounding prices to the nearest nickel could streamline transactions, simplifying accounting and reducing transaction costs.

Psychological Pricing and Consumer Perception

Critics of the penny also argue that its continued use perpetuates a psychological pricing phenomenon. Many prices in retail settings are set just below the next dollar amount to create the perception of a lower price. This practice, known as “charm pricing,” contributes to the pricing illusion and can potentially manipulate consumer behavior. Eliminating the penny could mitigate this effect, promoting transparency and fairness in pricing.

Transition and Symbolic Value

While the practical arguments against the penny are strong, it is important to consider the challenges associated with its elimination. Transitioning away from the penny would require significant adjustments in cash-handling systems, pricing strategies, and public perception. Additionally, for many, the penny holds symbolic value as a representation of thrift, savings, and small acts of charity. It serves as a reminder of the importance of even the smallest contributions.

Conclusion

The penny debate is a complex issue with valid arguments on both sides. While sentimental value, historical significance, and symbolic meaning are important considerations, practicality, cost-effectiveness, and efficiency cannot be overlooked. The decision regarding the fate of the penny requires careful evaluation of its economic impact, convenience, and relevance in today’s society. Ultimately, the balance must be struck between honoring our traditions and embracing progress.

It is worth considering alternative approaches, such as phasing out the penny while preserving its historical significance or exploring the use of digital payment systems that render physical coins obsolete. Whatever the outcome, the penny debate highlights the need for ongoing discussions about the evolution of our currency and the role it plays in our daily lives. By critically examining the arguments presented by both proponents and opponents, we can arrive at informed and balanced conclusions regarding the future of the penny.

Essay on Money Is Key to Happiness

People need to look at time the same way that they look at the value of money. The majority of people believe that money is more valuable than time but in reality, they end up wasting such an important thing which should be cherished. Time is much more valuable than money because time creates more memories, time brings more happiness than money and time is a healer, not money. You may be able to use your time to make money but you can’t use your money to purchase more time.

Time creates more memories

Time is what allows us to create long-term memories with those we love, doing what we love. Buying things and spending money comes with a thrill but we need to be spending more money on experiences rather than things. In society, we are orientated around spending money as we are consumer orientated, where we’re surrounded by media enforcing that the idea of happiness is a matter of buying new shoes, a cool car, and the newest phone. Constantly being over-whelmed by thoughts that make us believe we need to spend money to create memories is a misconception, to create certain memories all you need is time. Thinking back on your most fond memories, without a doubt, you will think of memories which you spent with friends and family rather than when you spent all your money.

Time brings more happiness than money

People who value time more than money tend to possess more happiness, there are always ways to make more money but you can’t use your money to buy more time. The amount of money you earn doesn’t define your happiness, a certain amount can only buy you so much. An experience or product that you buy can’t compare to an experience or memory that teaches you a lesson or that broadens your mind. Time is limited and once it’s gone you can’t get it back, when you believe that you have plenty of time you tend to not value it and make the most of it. Time is priceless,

Time is a healer not money

While we may believe that money is what makes us happy, it is only temporary. When something occurs in your life we all have different ways of dealing with it but time heals everything. As time goes on, we start to realize what’s important to use, and sometimes when we do realize it’s too late.  

Essay on College Is a Waste of Time and Money

Anyone who has a degree does a great job, but those who haven’t are just as accomplished. In the text, “A College Degree is a Worthy Achievement.” Amarie Dimera talks about how some people think college is too expensive but there are ways around that. She talks about how there are several scholarships and grants to help pay for schooling so that way it’s not much of a stress. She then goes on to say that in today’s society, you must go to college. She elaborates on that saying that a degree increases your salary. College isn’t for everyone and just because it’s not for someone, that doesn’t mean they’re unsuccessful as others. Lots of people are finding ways to make money without a degree and this is not discrediting someone with a degree, because it is an accomplishment to some. To some people it’s an accomplishment, to some it’s a requirement, and to others, it’s a total waste of time. Some positive things about college are scholarships & grants, field/pay, diversity, and people’s view of you. the economy, and the different kinds of schooling. Some obstacles are the cost of school, debts, the stress that comes, and the low promise of a job. A college degree is a worthy achievement depending on the person and their aspirations, some people see it as a waste of money, some see it as a waste of time, but others think of it as a certification

Many people may say that college is a waste of money which it can be. You don’t necessarily need a piece of paper saying you took extra classes to verify you know the content. Some people learn certain skills and abilities from their families. Some advantages of not taking those classes are they know the content, and their family-friends know and trust them doing whatever it is they do. While some disadvantages of not going to school are outside people may think that’s not enough credentials, and that they are not as qualified. Some high-skilled jobs can be taught for free or at little to no cost. Patel said it best when he said “You’ll learn, but you might not learn what you need to succeed as an entrepreneur.” (Patel, 1) In other words, he’s saying you’re spending lots of money to learn something that will not help you in life. High school students are becoming business owners quickly without any classes being taken, therefore it is free. In addition, some engineers can learn their trade from a friend for little to no cost. Some pros to learning from a friend instead of a college/institute are you start to build a trade/business yourself without any debts. While some cons to that are people may not think you’re qualified. Many people can make a living off something they can do themselves such as tumbling, tutoring, and makeup. Today people have “side jobs” in which they provide a service that not many other people know how to do. This gives you an advantage because the service is common knowledge to you and you get money to teach others whether they get it or not. A few advantages are they could not understand your service and continue to come to further understand, and no one else around knows your service. Some disadvantages are lots of other people know how to do what you’re trying to teach, or no one wants to learn what you have to teach.

Other people may look at college as years in your life go to waste which can be true. So many people are going to school for something they don’t even do after graduation. “It was fun, but I can’t say my knowledge of those topics helped me much while looking for a job.” (Housman 1) says a professor. The following source proves that the classes that you take for four whole years are not useful. So many people are going to school for something they don’t even do after graduation. Only 25% of students go to school for what they studied in school. This makes those classes pointless and a waste of time. “Unfortunately, 70 percent of the things my professors taught, I already knew. The other 30 percent was either wrong or outdated.” (Patel 1) after reading this it makes the reader see how the things you are learning aren’t helpful whatsoever. Some good things about going to school for four years to learn something you won’t even need are they know things about another job and a job of their own. Some bad things about going to school to learn something you won’t ever use are they just took four years out of their lives to learn about things they will never use again. Some people think that if you start working before college then you get a headstart to success. After going to school for four years, your high school friend might already be making twice as much, because they started working early. Some positive outcomes of going to a four-year school are you continue to be a young adult for a little while longer, you don’t have serious bills for the next few years. While some negative outcomes of going to a four-year school are you can miss an opportunity you would have gotten if you went to school. “It takes months or years to get a diploma, certificate, or degree. Then, it can take days or weeks or months (or even longer) to get a job” (Time and Money, 1) meaning that it takes forever to finish school and even more time to find the job you want.

A college degree is a certification to some people. Some people look for a college degree for certification that they’ve done the right thing in life. Some people have parents that force a degree on them so when they finally get the degree, they feel sure that they have their parent’s love. Many people don’t go to school and fear that their parents will look at them like they are a disgrace. Some pros are it is a drive to make them want to go. While some cons are it can cause depression, and can make them unhappy. Some people think that to be successful in life, they need a degree. People think that to have a successful business you need to go to school for business management, networking, or communication. Some pros are it can help advance your business. While some cons are it can leave you in debt, and your successful business isn’t promised.

No one needs a degree to make their parents proud, many parents just want their kids to go to college for the experience. Parents also want their kids to go to school just so they can say they got a degree which is the same as seeking certification. You do not need a degree to be successful in life, there are so many people today living lavishly today with no degree and others living check to check with a degree. So many people don’t even find a job in the field they studied, which wastes four years and tons of debt.

To complete the argument, college is not a necessity and is not for everyone. It’s a nice thing to experience and a great thing to do, but there are other ways in life to get to the top. A college degree is a worthy achievement depending on the person and their aspirations, some people see it as a waste of money, some see it as a waste of time, but others think of it as a certification.

Work Cited

1. Dimera, Maria. “A College Degree is a Worthy Achievement.” The Corsair, 8 October 2011
2. Plumer, Brad. “Analysis | Only 27 Percent of College Grads Have a Job Related to Their Major.” The Washington Post, WP Company, 22 Aug. 2019, www.washingtonpost.com/news/wonk/wp/2013/05/20/only-27-percent-of-college-grads-have-a-job-related-to-their-major/.
3. Housman, Drew, and Trent. “Why This Professor Says College Is a Waste of Money.” The Simple Dollar, 27 Sept. 2019, https://www.thesimpledollar.com/a-college-professors-case-against-higher-education/.
4. Patel, Neil. “My Biggest Regret In Life: Going To College.” Forbes, Forbes Magazine, 10 Jan. 2017, https://www.forbes.com/sites/neilpatel/2016/12/26/my-biggest-regret-in-life-going-to-college/#4bf520e71ac7.
5. Beelineweb.com. “Here Are the 8 Best Reasons Not to Fall for the College Scam.” Trade, Trade-Schools.net, 23 Sept. 2019, www.trade-schools.net/articles/is-college-a-waste.asp.