Assignment 2 Essay

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Assignment 2: Financial Planning (25.0 points) Describe one short-term goal that you have and at least one thing you will need to do in order to accomplish that goal. (2-4 sentences. 1.0 points) Graduate from High School. Do my work and I’ll be successful. Describe one long-term goal that you have and at least two things you will need to do in order to accomplish that goal. (2-4 sentences. 1.0 points) Go to college. Become something out of myself and become a technician at a company like LG or Microsoft. Describe two of your long-term financial goals, and explain why these goals are important to you. List at least three steps that might help you accomplish this goal. (4-6 sentences. 2.0 points) Buy a house and retire. It’s really important, because when I become old I want a roof over my head. I will have to make a budget and spend wisely. Describe an example of a common financial resource, an expense, and a debt. These can be examples from your own life or from other people you know or can imagine. (3-6 sentences. 3.0 points) A house, because it is worth some money to banks. It’s an expense, because you have to spend money for it. It can also be a debt if you choose a house that is out of your price range. Describe a real or made up but realistic example of earned income that you or someone you know has received. What type of work was the income from? Was the income in the form of a salary or wages? (1-2 sentences. 1.0 points) A teenager working as a waitress in a restaurant can be used as an earned income. Describe a real or made up but realistic example of unearned income that you or someone you know has received. (1-2 sentences. 1.0 points) Get free money from someone I guess like a hobo, just hanging your cup up and hoping for the best or robbing banks and stealing money that isn’t yours. In your Section_2 folder, navigate to and open the
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