Skip to main content

Personal Finance 2019: Day 6

Tuesday January 15 
Tuesday was a very eventful day for the Personal Finance J Term. Dr. Ott was sick, so Mr. Roddy supervised us. Since we would be leaving campus our parents had to sign a permission form that Mr. Roddy sent to them. Unfortunately he accidentally sent the wrong form, so we had to get our parents to sign again. But it all worked out and we were able to go off campus.
        Mr. Ying was kind enough to come into the school in the morning to talk to us about his experience not owning a car. He used the whiteboard to prove to us how not owning a car and only using Uber and Lyft is a lot cheaper. He did this by writing all of the expenses of owning a car (price of the car, gas, maintenance etc…)  and finding the price per day. He then did the same for Ubering and we found that Ubering is way cheaper per day than owning a car.  This depends on how and how much you use your car. Mr. Ying also talked to us about other ways to save money and how he made a successful business.
       After that, Mr. Gross came to talk to us about real estate and his very successful real estate business. He explained all the different kinds of real estate and how to make money off of it. He talked about how he built his business and the profits that can be made from investing in real estate. We learned so much about terms and strategies used in real estate . After that we got to go visit one of Mr. Gross’s apartment complex called Copper Cove Apartments. We first went into the office where we were introduced to the staff and were given freshly baked cookies. They showed us three apartments, a studio, a 1 bed 1 bath, and a larger 1 bed 1 bath. It was very cool to see all the inside of the different apartments. We then headed back the the school where our day came to an end.

Comments

Post a Comment

Popular posts from this blog

Final Reflection

Nathaniel Samuels Dr. Ott Personal Finance January 28, 2019 Final Reflection In Personal Finance we learned many things from early in life dealing with student loans to later crossing the crossover point where you no longer have to work for money. My favorite part of the class was the hypothetical discussions of if you spend more some points of your mortgage or put more away to investments. It was very cool to see the effects from these and how some go from 200,000 to 1,000,000 in an extra 5 years of investing. In the life game at first I thought it would be unreasonable to have to predict finances 50 years in the future. As I continued it became easier and it became fun to see net worth go up and down as I bought a house and had children and then see the skyrocket at the end when my kids graduated and my mortgage was paid off.  With the rolls of the dice at first it made me go into crippling amounts of debt but as i rebalanced and took money out of an emergency fund...
3 comments
Read more

Final Reflection 2019

         Most young adults after they’ve graduated wish that they were able to take a class that was purely about money management and how to take care of simple financial duties such as loans, investments, mortgages, taxes and budgeting. For the past three weeks that is exactly what I’ve been doing: essentially taking a money management 101 class. After all, money is what motivates us to do anything; it’s why we go to school, it’s why we get a job, and to many people, it makes them happy. Contrarily money can make some people go crazy, it can make them deppressed and can lead various individuals to make irrational and unethical decisions. In this class, we learned not only the technical definitions of common financial concepts, but also the psychological aspect of money and how if used appropriately, it can be a tool to happiness and fulfillment.         There are several ways in which my expectations for this class were ce...
Post a Comment
Read more

Final Reflection - Julian

The Personal Finance course taught me a great deal of things, like how I could accidentally end up a millionaire by way of retirement accounts, how much work real estate is if you can’t hire people, how much debt there is just about everywhere, and most strikingly, just how boring it all was. Sure, learning how to become a well adjusted adult and pay my student loans off before I get a mortgage is excellent information, and learning about how I can make the most out of investments to comfortably retire early with a moderately well paying job and some elbow grease is undoubtedly going to be immensely useful later in my life. However, if I were to say one thing about finance, it’s rather dull. While making a general finance plan for the rest of your life is incredibly important, at some point when I was looking at what state real estate might be in during my 30s, it clicked in my mind that all this planning seemed about as fulfilling as trying to get the last bit of water out of a cup ...
Post a Comment
Read more