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Budget

Learning to make a budget and not going overboard with it is harder than I thought. I learned that when it comes down to the last dollars it is hard to pick where to put that money. There were two places that I added money too. Those two places were saving and misc. I chose these places because I learned that it the outcome in life those are the two places I will look for more money. I also learned that a budget is super helpful in the long run when you are trying to make sure you stay on the track with your money and not go into debt. Others might have a higher amount of money where you have barely anything. This is because it all must do with who you are and how much you make a month or year. The picture below is of my budget.

budget-pic

My Car:

https://www.carmax.com/cars/land-rover/range-rover/2012/12787265

My House:

http://www.zillow.com/homedetails/3312-Neuse-Crossing-Dr-Raleigh-NC-27616/60398809_zpid/

 

Rich Kid Smart Kid Games

The first game I played was Jesse’s Ice Cream Stand. I learned what a profit is. A profit is the money that you can make by making more money selling your item than buying the item. In the game, Jesse was trying to make the most profit. Jess paid $4 dollars for 15 scoops of ice-cream. If he sells the 15 scoops for 30 cents he will make a profit of 50 cents. Which isn’t a lot but that would be his profit. To find the profit you take the amount of money it takes to buy the ice-cream and subtracted by the money you made. So, in this case, the grand total would be $0.50.

 

The second game I played was helping Ima learn to pay yourself first. I learned that to become “rich” you should learn how to pay yourself. Which means, for example, you would have three “piggy banks”. One would be called giving, the second would be called saving, and the third would be called investing. As you make more and more money you can start dividing your money into the three piggy banks. I also learned that the more wisely you use your money the more you will make. By putting money in each piggy bank the more wisely you will use your money.

Career

The career that I chose is a Pediatrician. Pediatricians basically are doctors for kids. They diagnose and give treatment to kids who are sick. They also do yearly checkups. Pediatricians take medical histories and prescribe medicine. A pediatrician can work in private clinics or in larger spaces. To become a Pediatrician, you must go through many years of school. To become any type of Physician you must have your Doctoral or a professional degree plus your bachelor degree.  Both of those both take 4 years. Which includes a lot of debt, from paying back your student loans. You don’t need any work experience in a related occupation. Though, you do need to go through an Internship or Residency which is what I will be doing. This can take 3 to 7 years depending on what you want to do.  Which means you don’t make the high percentage until later in your career life.   I think this job is perfect for me because I love kids and I can still be around them without being a teacher. The job outlook is predicted to grow 14% from 2014 to 2024 which is much faster than average. My median salary would be $60,000 but after all the debt is paid off I would make around $187,200 a year.

Introduction to Financial literacy

What I learned today in class is that when you put money in an account at the bank, the bank will pay you for keeping your money in the bank. This extra amount they pay you is called interest. For example, you see that Charlayne adds the same principal amount of $2080 each year and interest is calculated and then added to the original balance. The next year your ending balance will turn into your beginning balance. As the total amount gets larger, the amount of interest also grows, this is called Compound Interest  Compound interest is when the bank pays you interest on the total amount of money that you put in the bank. As seen in Marcus’s spreadsheet he does not start saving until year ten. which sets him back 10 years. By still putting in the same amount of money Marcus doesn’t make the same amount of money at year 45 because he doesn’t have the 10 years of interest. I learned that you are never too young to start saving and you should start as soon as possible.

As seen in Marcus’s spreadsheet, he does not start saving until ten years later. Even though he is still putting in the same amount of principal as Charlayne each year, Marcus doesn’t receive the same amount of interest payments. By year 45, he misses out on 10 years of compounding interest. I learned that you are never too young to start saving and you should start as soon as possible. Unlike Marcus, you could end up a millionaire after 45 years of saving.

My Thought on Nien Cheng

I think that Nien Cheng would behave just like the Red Guards because if she was born into the same background or family the red guards were born into. She would be just as much brainwashed as the other red guards. For example in red scarf girl in the beginning Ji-li didn’t know anything better than what the red guards were doing. She believed that changing the name of stores and cutting peoples cloths because they were four olds.

RSG Perspective Journal

Standing around got harder and harder as the years went by. I finally got a walking stick and stopped talking to others and people think I’m a old bad guy. I mean yes I can be stubborn, but when my son-in-law got executed in the counterrevolutionary I became a little more obstinate sand solitary. One afternoon I became a target to the Red guards I got scared. When one of the red guards asked to borrow my bicycle I knew that meant keep it. I was scared but stood up for myself, I said a proud no! I knew they were shocked, but I was hopeful that they would just go bug some other person, but of course without a doubt they will never let anyone who disagrees leave happy or not hurt. Instead they just started swearing like sailors. Without me looking upset they finally left. I was hoping that was all they were going to do.

 

But not to my surprise they turned up this morning with drums and making loud noises. My heart rate was moving. What are they going to do to me, now I thought? They dragged me like if I was a piece of trash.  My wife was sitting there I knew she wanted to help but if she did she would get hurt, I didn’t want her to have to go through pain too.  They laid a wash board down, I was hoping that they just wanted me to clean laundry or clean fabrics. They bent me to my knees. “I’m an old man please if I go any faster by bone might pop out”, I whispered.  One of the red guards kicked the cane out from under me and I fell slowly with my hands on the ground to catch me. I fell my knees down on the edges of the washboard. I was silent because I knew I couldn’t say anything to stop this harassment. I knelt there silent for a while looking down in pain. The sun was beaming the warm air was hitting me and I felt hot. Seeing the Red guards caring out my stuff putting it in a truck and then going to get more was too painful to watch. Even more painful than me kneeling on the wash board. After a while my wife came out to give me water. I took slow sips trying to save the taste of the cool water in my mouth. I was in heaven for a few minutes until a red guard kicked it out of her hands. I stayed in the hot sun for a few minutes until it started getting black and then blacker and then finally I fell over and passed out.

 

I woke up with a face so sunburnt it was peeling. In my empty house all I saw was my wife sitting there crying, an enamel cup, the wash board and my walking stick.

 

Perspective Journal

When Ying-chen came home from work, she told me and mom that the red guards started looking through family photos to look for four olds. I was nervous and knew most of our family photos had four olds traditions in them. We sat down at dinner, the dinner was quiet and I could see that thousands of thoughts were running through Ying-chen’s head. After dinner was over, Ying-chen told the children to go outside. When the kids went outside, she was going through some old bins and folders, until she found the bin named Jiātíng zhàopiàn “Family Photos”  She took it out and brought the whole bin to the bathroom. She probably looked at me thinking I was an stupid because I just watched her, until she called me to bring a washbowl and a match. I knew something was going through her head. We sat there going through photos and laughing thinking of the fun times it was back then. We decided we should get a move on because if not the red guards might come tonight. We burnt the photos with four olds in it, for example the clothing. Ji-li, and Ji-yun came in around the couple of last photos. I knew mom told them but I don’t want Ji-li to worry. It was smoky in the bathroom and the window was opened just enough for some smoke to go out. We were almost done when we stumbled upon a picture of me and mom. I was sitting on a camel and mom was next to the camel wearing a warm fuzzy fur coat. I remembered that day, I didn’t want to burn it. I knew I didn’t have a choice. I didn’t want our family go through what Old Qian had to go through.  I threw it in the fire. It was just sitting there probably saying “don’t do this to me” but then slowly  the edges curled and it turned into flames, it caught fire and then puff it was gone.

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