English 1 Essay 15

“Why do you think Plunkitt was so open about how he made his money?” I think that he was so open about how he made his money was so that people knew who he really was. He was a very honest person, and he knew that if people didn’t really know who he was, then he wouldn’t have gotten as many votes.

Plunkitt thought that honesty was very important, you can see it throughout his entire autobiography. He was very smart to help people, and to tell them how he made money. He made a good reputation and it was, he helped people and he did make money by buying up property. People respected him not only because he helped people but he was a successful man.

Personal Finance Essay 14

What is an entrepreneur you admire that we have not discussed yet in this class. Explain what entrepreneurial activity this person is involved in. What are some of the obstacles this person had to overcome as an entrepreneur?

Weili Dai is a Chinese-born, American businesswoman according to Wikipedia. She is co-founder and was the former president of Marvell Technology Group. She is considered one of the most successful entrepreneur’s as her net worth is worth $570 million.

But in April she and her husband was fired from the company. They got to keep their platforms but didn’t have an actual job.

 

Business 1 Essay 8

“Why shouldn’t I borrow money to buy something that depreciates?” If your going to buy something that is just going to break down. Especially if it is someone else’s money that your going to have to pay back, then what’s the point in buying it or borrowing the money?

Another reason is say you want a car, but you need to take a loan for the car. you get the loan you buy a really cool looking car everything seems to be going great. Then after one year your car breaks down because you didn’t take the time to look at what the car’s problems were. Now you have to use your entire paycheck to fix your car.

Now this is a reason why you should borrow some money if your refrigerater broke, and your paycheck is about to come in, in three days. But you need it fixed now. this is an instance when borrowing isn’t that bad.

English 1 Essay 14

“How serious was Plunkitt about patriotism’s connection to obtaining a job after Tammany won an election?”

I think he was very serious about it. He always thought of others and how he could help them. He helped hundreds of people get jobs by letting them work on the railroad, he also helped people find sleeping quarters for free. There was a man he knew who had a good voice and put him in the choir. There was another man who was good at baseball, he put him in  a baseball team. This was all so that people wouldn’t forget him on election day, and they didn’t.

“For instance, here’s how I gather in the young men. I hear of a young feller that’s proud of his voice, thinks that he can sing fine. I ask him to come around to Washington Hall and join our Glee Club. He comes and sings, and he’s a follower of Plunkitt for life. Another young feller gains a reputation as a baseball player in a vacant lot. I bring him into our baseball dub. That fixes him. You’ll find him workin’ for my ticket at the polls next election day. Then there’s the feller that likes rowin’ on the river, the young feller that makes a name as a waltzer on his block, the young feller that’s handy with his dukes—I rope them all in by givin’ them opportunities to show themselves off. I don’t trouble them with political arguments. I just study human nature and act accordin’.”

In one of his chapters he said that being a politician is all about giving people jobs. I think this is partly true, but this has a few flaws. If he isn’t good at being a politician then he should not be elected. He also said he knew everyone in his district, which would have made it easier for him to help people.

I think that he was very smart to help people because he said they would not forget him when election day came around, and he was right. So in conclusion Plunkitt helped people find jobs, and find them places to sleep. And he was very serious about helping people, which helped him in the end.

Personal Finance Essay 13

What is an achievable idea for a small business you could run? I think a small business I could run would be a slime business. There are a lot of people out there that will pay for slime, and I love making slime anyway. This would be a better fit for me than making crocheted scarf’s, because I like crocheting but not enough to make a lot of scarf’s. Plus making slime for me is fun, and I like the poking noises.

The glue really isn’t that much, as well as borax, food coloring and glitter. Probably the most expensive things would be dry pigments, Styrofoam balls, and labels.

One gallon of glue at a craft store is normally about $10, so for a gallon of clear and white glue it would be $20. My parents already use borax for laundry, food coloring is like $2. For glitter it is about $5, the dry pigments for 5 grams is $6. Styrofoam balls are about $8, I could find containers at a dollar store. The labels would $21 for 150 labels. All together that would be about $68.

I love making slime and it would be a very good fit for me because I like doing it anyway, and would make some extra money.

English 1 Essay 13

“Was Washington’s view of the future my view of the future?” In some ways yes, in some ways no. Back then African Americans had no other reputation then being slaves, his view of the future was that African Americans would be as successful as Whites. This is true as today as it doesn’t matter what your race is you can be anything, but sadly there are racist people out there. It has gotten better but there are still people out there that are elitist and won’t except that everyone is beautiful in their own way.

My view of the future is that no matter what time it is there are still going to be racist people out there, but we can choose to not listen to them, and to push forward with great attitudes.

Personal Finance Essay 12

“What is American credit card debt, and how does it compare to other forms of private debt (e.g., mortgages, vehicle loans, student loans). How has credit card debt changed over the last few years?”

It is very tempting because the ads make you want to get a credit card. They make you think that you are getting free money, but you really are just building up dept. So ask yourself, “Is a credit card worth it?”

Credit card dept has changed a lot, a few years ago the average American was about $5000 in dept, now the average American is about $16000 in dept. I personally don’t want a credit card, but if you want one just be cautious.

Business 1 Essay 7

“What would I have to give up in order to save 10% of my income?” I think I would have to stop putting money in my purse. I am currently saving as much money as I can to go on the summer mission trip. I really want to go because one of my best friends moved to a different state a few months ago so her Dad can pastor a new Church. When we were told that the mission trip would be there I knew that I had to start saving so I could go.

If I really wanted my 10% I wouldn’t be putting money or as much money in my purse. I think that keeping 10% is a good idea, I just really want to see my great friend.

English 1 Essay 12

“Was Washington’s program for gaining social acceptance for blacks an elitist program?” No I don’t think anything he did was elitist, an elitist are people who think they are superior to everyone else. Washington was a very humble man, and never thought he was superior to anyone. Now he knew about leadership, and that when he would lead he was in charge but being a leader is very different then being an elitist.

Being an elitist means that you are very proud and they very normally push people down. Being a good leader is knowing that you are a leader, and that means that you lead but you know that everyone has faults, and you know that you are not superior to your followers.

Personal Finance Essay 11

The Federal Reserve affects interest rates more than anything else. They set up all the rates which include Prime rates, and Fed Fund rates. The Federal Reserve can impact the consumer interest rates charged by banks on all sorts of different loans. When The Fed (short for Federal Reserve,) raises your rates the cost to borrow money raises. This affects lots of consumers as the interest rates go up. But it affects it in three different ways.

It sets the discount rates.

It sets the reserve requirements.

It buys and sells U.S. government securities.