Planning 10
30 for 30 Broke Reflection
1.What do you think the root of the problem as to why these multi-millionaires are going broke?
Because I think He buy a lot of houses and car, they bought a lot of yachts
They have no plans to manage money. So they will go bankrupt
2.How did sports salaries change in the 1990’s? Explain the term “Keeping up with the Joneses”. Why does that lead to bad money management decisions?
Spend a lot money to buy a car ,clothes ,jewelry and shoes trying to compete with your friends.
3.What money management lessons could the average person learn from these stories?
4.If you were a financial planner, how would you handle a pro athlete’s money?
I will put the athletes money into the bank, with a reasonable way to help them make money
5.What do you think is the worst financial decision some of these athletes made that affected their lives for many years after they lost the majority of their money?
I think the worst financial decisions among these athletes are the unplanned use of money, and after they have lost most of their money, they think about their 20-year life
Freedom 18 Response
After talking with my parents, they said that right now I need to focus on school and get good grades. Later, when I have enough experience and education, they will give me money to open my own company where I will be able to do what I want to.
Before I am 18 years old, I think all of my cost will be given by my parents. It will be a lot of money, because it includes tuition fees and living fees. But, I would like to reduce the cost as far as possible which will make it more easy for my parents. I think the amount of my money I will be spending after I graduate from high school will contain a lot of things in life, such as; clothes, food and, video games. If I save all of that money after graduation I would be able to afford more in future.
If I save enough I might be able to open a company. This is also what my parents want me to do. Finally, my ideal job is to be a well-known designer making a lot of money to be able to afford anything I want.
FutureLifestyle2016
Because I think He buy a lot of houses and car, they bought a lot of yachts ，They have no plans to manage money. So they will go bankrupt .The lessons someone learn form these stories is to spent your money smart, put money in the bank . in the 1990’s The annual salary is much longer I will put the athletes money into the bank, with a reasonable way to help them make money I think the worst financial decisions among these athletes are the unplanned use of money, and after they have lost most of their money, they think about their 20-year life.
Freedom 18 Responseu
Date:11/28 Freedom 18 Responseu. Name:john zhao
8 years of age on their own to think about you with him whether he can give you the future! Before the age of 18 you can not dream of no future, after the age of 18 you should think about what they should do something meaningful, do not abandon their youth to live up to the young!
Whether your 18-year-old is in school or in the community of your life should have a wonderful presentation!
Campus inside the 18-year-old you, we should study hard, and for their future good struggle, and parents to pay for school is not for our sake but for our sake!
18-year-old social battles of you, not to do nothing, parents are already old, a skill without success, your responsibility to assume it!
Whether you are 18 years old this year, you look back to see what their efforts, with and lost what still remember the original intention? You have forgotten it, and now back to work is not too late!
I want to be a good coach, the key is how to train, how to grow to improve themselves, when the coach is not a day can become a thing, fitness industry development fast, keep up with the times. In order to be successful, continuous learning, training and updating of new technologies, do not always marking
CareerCompass2016
- What are two values that you believe are important to Chris? For each value, describe one of Chris’ actions that demonstrate why that value is important to him.
Because they use the money that never abstemious. Although they have a lots of money, but they buy everything they want. So these multi-millionaires are going broke.
2.Describe one of Chris’ short term goals (to be accomplished in less than one year).
We will reasonable use of money
3. Describe one of Chris’ long-term goals (to be accomplished in more than one year)
If I’m a financial planner, I will let the multi-millionaires‘s money is used for low risk investment and cut down unnecessary cost
4.What are two deductions Chris should expect to find on his first pay stub?
They sucked into bad investments, saddled with medical problems, and naturally prone to showing off, many pro athletes get shocked by harsh economic realities after years of living the high lif
5.Why could the government take taxes from Chris’ bank account?
At the end of, I think make money is not a easy thing, We will reasonable use of money.