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What I learned with building wealth over the long-term

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  • A bank is a company that has to make money to pay for expenses as well as making a profit
  • People put money into banks to keep it safe and have a good liable place.
  • The bank gives us more money for keeping it n there that’s called interest
  • When people get a loan they take some of your money to give it to them and we pay interest for a loan for the amount of time it takes you to pay them back
  • The most common time it takes to pay off a loan for a car in America is 5 years but for a house its 30 years
  • If we had 2% of interest for savings and 4% for loan and we have 100 dollars and we put it in savings the bank gives us 2$ so they have -2$ and if for a loan, we will have 4 dollars. The bank makes 2$
  • Interest is the amount of money the bank pays you to keep money in the bank or the amount of money the bank receives for lending you money, Its always a percent and the percent is called an interest rate is used to calculate
  • 4% interest on a car loan means you will pay 4 percent of the loan you take on top of the amount you take
  • Most loans are calculated with compound interest
  • Compound interest is interest on interest.
  • What this means is that when you give the bank money each year the internist for them rises. Just like in Charlayne’s situation

Career

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Career

Description of an Occupational Therapist: A Occupational Therapist is a therapist who helps evaluate their patients review medical needs, ask them questions, and observe them doing task. Help people with various disabilities with different tasks, such as teaching a stroke victim how to get dressed. Demonstrate exercises—for example, stretching the joints for relief—that can help relieve pain in people with bad conditions. Patients with permanent disabilities, such as cerebral palsy, often need help performing daily tasks. Therapists show patients how to use appropriate equipment, such as wheelchairs, and eating aids. These things help patients perform a number of daily tasks, allowing them to be less dependent.

How to become one: Most therapist enter with a master’s degree in therapist. All states say that you must have a licensed.

The pay: the lowest 10% earned less than $53,250 and the highest 10% earned $116,030.

Some more information: The need for occupational therapists is predicted to grow 27 percent from 2014 to 2024, much faster than other occupations. Occupational therapy will continue to be an important part of treatment of life for people with various illnesses and disabilities.

Games

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One of the games that i played on this lovely Thursday night after i took my long test was Jesse’s Ice Cream Stand. In this game i learned about the importance of a profit. If you make more money selling the items than buying the product you make a profit. In this game Jesse was making money for vacation. I choose the strawberry looking one that cost 30 cents to sell, but 5$ to buy . Unfortunately i made 5$ which meant i made as much many as it cost to buy.

The second game i played on this lovely Thursday night after i took my long test was Reno’s Debt Dilemma. I learned about debt and how and important it is to not have it. Debt is when you owe money, just like negative numbers. In the game Reno had debt.