Comparative Study of Personal Financial Planning Essay Example for Free

Comparative Study of Personal Financial Planning Essay It is generally seen that people have a misconception that financial planning is about saving more and spending less but that is not the case, it is more about saving the right amount so that future goals can be met. The objective of financial planning is * To ensure that the right amount of money is available in right hands at right point of time in the future to achieve the desired goals and objectives. It * Provides direction and meaning to your financial decisions. * It allows you to understand how each financial decision you make affects other areas of your finances. Financial planning and investments can be undertaken by anyone with a clear assessment of ones inflow of funds and the goals that need to be achieved from time to time. Keywords: Financial planning, wealth management, investment instruments, real estate Introduction Financial planning is achieving your financial goals in the most efficient manner. The broad areas of financial planning include Investment planning  -Your wealth will only grow over time if you have invested it in assets. Investment planning  deals with the kind of investments an individual should invest in to get the best out of his wealth. In this the risk and return profiling of an individual is done based on his life stage, spending requirements with respect to his income and wealth, time horizon and liquidity requirements and various individual specific constraints. Investment Planning is important because it helps you to derive the maximum benefit from your investments. | Cash flow planning   In simple terms, cash flow refers to the inflow and outflow of money. It is a record of your income and expenses. Though this sounds simple, very few people actually take time out to find out what comes in and what goes out of their hands each month. Cash flow planning refers to the process of identifying the major expenditures in future (both short-term and long-term) and making planned investments so that the required amount is accumulated within the required time frame. Cash flow planning is the first thing that should be done prior to starting an investment exercise, because only then will you be in a position to know how your finances look like, and what is it that you can invest without causing a strain on yourself. It will also enable you to understand if a particular investment matches with your flow requirement| | | 3. Retirement planning   Retirement planning means making sure you will have enough money to live on after retiring from work. Retirement should be the best period of your life, when you can literally sit back and relax or enjoy your life by reaping benefits of what you earn in so many years of hard work. But it is easier said than done. To achieve a hassle-free retired life, you need to make prudent invest ment decisions during your working life, thus putting your hard-earned money to work for you in future. Planning for retirement is as important as planning your career and marriage. Life takes its own course and from the poorest to the wealthiest, no one gets spared. We get older every day, without realizing. However, we assume that old age is never going to touch us. The future depends to a great extent on the choices you make today. Right decisions with the help of proper financial planning, taken at the right time will assure smile and success at the time of retirement. Retirement Planning acquires added importance because of the fact that though longevity has increased, the number of working years havent.Tax planning   Tax evasion is illegal but tax minimization is legal. Thus you can reduce your tax liability by planning effectively. With proper tax planning you can increase your after tax income. |   | 5. | Children future planning- It is essential to plan for the future of your children. The purpose of Childrens Future Planning is to create a corpus for foreseeable expenditures such as those on higher education and wedding and to provide for an adequa te security cover during their growing years. Savings alone is no longer enough.

Deceitful Clytemnestra of Euripides Electra Essay -- Euripides Electr

Deceitful Clytemnestra of Euripides' Electra Agamemnon returns from Troy, a victorious general, bringing home spoils, riches and fame. He is murdered on the same day as he returns. Clytemnestra, his adulterous wife, has laid in wait for her husband's homecoming and kills him whilst he is being bathed after his long journey. During the Agamemnon, large proportions of the Queen's words are justifications for her action, which is very much concerned with the sacrifice of Iphigenia to the gods, in order for the fleet to set sail for Troy. Aegisthus, the new husband of the Queen Clytemnestra, and partner in the conspiracy to murder the war hero, had reasons, which stemmed from the dispute between the Houses of Atreus and Thyestes. Was the murder justified retribution for a callous and dispassionate murder of an innocent girl, as well as the fate demanded by the family curse? Or was the death of Agamemnon an unjust action by the traitorous woman Clytemnestra and her lover carried out in aspirations of his wealth and power?   If we take the former of the arguments as the correct one, then the sacrifice of Iphigenia must be considered. For this, the only sources we have are those of the Chorus' songs and the highly biased accounts by Clytemnestra, who has been left to stew on her hatred for over ten years. The account given by the Chorus is full of pathos and pity "gentle curving lips...gag her hard...her glance...wounding every murderer" (235-239). They remember with sorrow, a flashback to her innocent life, and recount how she once "sang to Saving Zeus - transfixed with joy" 245. Emphasis is very much on the purity of the girl and how she did not deserve to die. However, no reference is made by the Chorus that it was Agamemnon's... ...ght have been a sponge. It is ironic I suppose that Agamemnon, lord of men was brought down by the one thing that neither of the two sons of Atreus were able to control - Women. Works Cited Adkins, A.W.H., Merit and Responsibility. A Study in Greek Values, London: Oxford University Press, 1960. Euripides. Electra. Trans. Philip Vellacott. Medea and Other Plays. Baltimore: Penguin Classics, 1963. 105-152, 201-204. Nietzsche, Friedrich. The Birth of Tragedy. Trans. Clifton Fadiman. New York: Dover   Publications, 1995. Perseus Encyclopedia. Revised 1999. Tufts University. <www.perseus.tufts.edu/cgi-bin/encyclopedia?entry=Euripides>. Powell, Anton, ed.   Euripides, Women, and Sexuality.   New York: Routledge, 1990. March, Jennifer.   Euripides the Mysogynist?   Euripides, Women, and Sexuality.   Ed. Anton Powell.   New York: Routledge, 1990.

Howard Zinn Chapter One

Columbus has always been portrayed as an enlightened, peaceful explorer who â€Å"discovered† a new world, and became friends with the native people. Howard Zinn’s view on Columbus’s encounter with the natives is an entirely different perspective. Zinn describes Columbus as a man who is willing to torture and kill others to be able to accomplish what he wants; in this case he wanted to obtain gold and other resources to take back with him to Spain.When Columbus and his men arrived to the islands, he noticed that the natives were generous, and accommodating because they willingly traded everything they owned and brought them such things like: food, water, and gifts. Since the beginning the natives offered all of their hospitality to Columbus and his men. Columbus believed that the natives were ignorant because they had no weapons for self defense; when he showed them a sword, they had no idea how to use it and ended up cutting themselves.Columbus was more than cer tain, that he could take control over the natives, and captivate them as slaves. In his writing he wrote, â€Å"They would make fine servants†¦. With fifty men we could subjugate them all and make them do whatever we want. † (Zinn, 3) This attitude leaded to enslavement, feeling superior, and genocide by Columbus and his men towards the natives. Columbus had persuaded the king and queen of Spain to finance an expedition to the lands, and the wealth; he expected to be at the Indies and Asia.Columbus would receive ten percent of all the goods collected, governorship over new-found lands, and the fame that would go with a new title: Admiral of the Ocean Sea. Columbus believed the natives could lead him and his men to where the gold was, to be able to take it back to the King and Queen so he took many of them as prisoners on his ship. He also wanted to take them back to Spain as slaves and be able to make them do whatever they wanted them to do. Columbus took advantage of th e ignorance of the natives, and made them do hard labor for him and his men.Columbus believed that there were huge fields of gold, in the province of Cicao on Haiti. He became desperate to pay the dues back to the king and queen, so he order every native older than fourteen to collect a certain quantity of gold by three months. Once they had collected the amount, they would receive a copper to put around their neck, those without it had their hands cut off and bled to death. Many felt it was impossible to do this, and tried escaping but were always found and killed.When it was finally clear that there was no gold left, they took them all as slave labor to huge estates which are called encomiendas. Columbus’s big plan for Hispaniola since the beginning was to take advantage of the natives and take their land, and the gold he believed was located there. He built the first fort in the Western Hemisphere, and left some of his men to find and store gold there. Columbus had to ask for a little more help from their majesties, he convinced them by saying he would take them â€Å"as much gold as they need †¦ nd as many slaves as they ask† (Zinn,6 ) Columbus’s plans affected the natives, in many ways; first of all they were going to lose their land, and also they were going to be taken captive for slave labor. Howard Zinn not only introduced a new perspective on Christopher Columbus, but he changed the way I viewed things. I never knew how much killings, and torture was put upon the natives in the searching of the â€Å"New World†. I learned how the hero I thought Columbus was, in reality was more like a villain. He didn’t care what he had to do as long as he got what he wanted, even if it dealt with murders and torturing the natives.

My Last Trip to Baguio Essay

I love travelling, especially to those beautiful spots here in the Philippines. I’ve been to Pangasinan, Quezon Province, Tarlac, Pampanga, Bataan, La Union, Baguio, and Tagaytay. One thing that I can’t forget are my trips to Baguio. I’ve been there several times with different companions. I almost memorize the different places there that the tourists visit every time they go there like Burnham park, Mines View, Wright Park, Botanical Garden, Strawberry Farm, Groto and others. One of my trips to Baguio that I still remember was when I was with my uncle and his family, together with my sister and husband. It happened last January 1, 2011. It was already four in the morning when I woke up, because we will leave at exactly 5 am. After four hours of travelling, I could feel the cold breeze of the air. At last were there! But the smell of the air, the cold that makes me chill from the first time that I’ve been there seven years ago was not that similar for me now. Then our trip to Baguio started for the whole day, we go to beautiful places there. Because it was their first time there, my husband and I served as their tour guide. We ate our breakfast at KFC in Session Road, I ordered fried chicken, rice, coffee and sundae for desert. From there we started taking up our pictures. After breakfast we went to Baguio Cathedral, and there they took a lot of pictures, because it was their first time there, they were so excited. With their different poses, anywhere even there were not so beautiful view. Even it was foggy and the views were not that clearly seen in the pictures we still continue taking up our souvenir pictures. Next place we visited after the cathedral was a garden, that was the Baguio’s Botanical Garden, for me it was more beautiful now compared before. It was more systemize and clean now. The cave that connects Botanical Garden to Mines View Park was more interesting to try now, not like before that it seems like an ordinary passage. but that cave served as a fortress of the Filipino soldiers during the war here in the Philippines. Then we went to Wright Park, we rode horses. We also go to Mines View at and bought silver jewelries, actually it was my uncle’s treat to all of us. After all the places we’ve been there, we go back to Barrio Fiesta. But it was too late for lunch and we were all hungry, we ordered lot of foods. After eating, they still want to go in other places, but the trip will took four hours again going home. So, they decided to go down. We bought strawberries, ube jam, strawberry jam and other delicacies that can be bought there. It was so tiring, but if you’ll look for the entirety of Baguio it’s just like Gapan in area.

The Rise of African Slavery in the New World essays

The Rise of African Slavery in the New World essays The transformation of slavery from simple servitude to race-based slavery happened almost immediately after the New World was discovered. Slavery in Africa was based not on color or race but on the winners and losers of wars. There were four things that greatly contributed to African, race-based slavery: the European attitude towards Africans, the European attitudes toward slavery, the overall labor shortage in the New World due to the failure of European and Native American laborers, and the great ease that the Europeans had in getting slaves in Africa. The Europeans often treated the Africans as inferior, libidinous, dirty, uncivilized heathens who werent even worthy of being called humans. In White Mans Burden, the author describes the basic attitudes of Europeans towards Africans as one of disgust because the Africans wore fewif anyclothes and they didnt share the same religious views as them. The Europeans were very close-minded and this only helped to fuel the slave trade in th e New World. I would say that the Europeans mind set had the biggest effect in the change to race-based slavery. During the first days of the slave trade, some Europeans felt that slavery was immoral and unjust. This way of thinking was quickly challenged by pro-slavery royalty, explorers, businessmen, and other people who would benefit from the growth of slavery in the Americas. The pro-slavery Europeans argued that since the Bible never says slavery is wrong, there can be no way that it is immoral. Another argument was that slavery had been around for as long as recorded time so, therefore, there must be something good about it if it can last this long. The European attitudes toward slavery greatly assisted in the growth of the new slave trade. During the first few years of the New World settlements, the Europeans tried many different ways to cope with the labor shortage. Because most of the Europeans tha...

Homologous and Analogous Structures Whats the Difference

Homologous and Analogous Structures What's the Difference SAT / ACT Prep Online Guides and Tips Have you ever thought about how different kinds of animals have body parts that work in similar ways? Like bats and bees? Both creatures have wings - even though their bodies are structured very differently. The key to understanding these differences lies in knowing what homologous and analogous structures are. In this article, we'll talk about each type of structure and discuss the similarities and differences between them. What Are Homologous Structures? Homologous structures are similar structures in related organisms. The most important thing to remember about homologous structures is that they share common ancestry. In other words, only organisms that are somehow related to each other can have homologous structures. For example, a chimpanzee’s arm and a human’s arm are homologous structures. Both sets of arms have a similar structure and use and chimpanzees and humans share a common ancestor. What Are Analogous Structures? Analogous structures are similar structures in unrelated organisms. These structures are similar because they do the same job, not because they share common ancestry. For example, dolphins and sharks both have fins, even though they aren’t related. Both species developed fins because of how (and where) they live. What’s the Difference Between Homologous and Analogous Structures? Homologous and analogous structures have several key differences. Let’s take a look at them: Homologous Structures Analogous Structures Shared ancestry Similar internal structure May look different externally No shared ancestry Similar function May look similar externally Homologous Structures Example A great example of homologous structures are the wings of a bat and the arms of a human. Bats and humans are both mammals, so they share a common ancestry. Both a bat’s wing and a human’s arm share a similar internal bone structure, even though they look very different externally. The wing and the arm also perform different functions - wings help bats fly, while arms help humans interact with their world in a very different way. Analogous Structures Example A great example of analogous structures are a bat’s wing and a bee’s wing. Bats and bees do not share common ancestry, so the structures cannot be homologous. Both bat wings and bee wings serve a common purpose - helping bats and bees fly! The structures look similar on the outside, too. However, their internal structures are very different - bat wings have a bony structure with muscles, while bee wings are membranous extensions. Homologous and Analogous Structures - Key Takeaways Many animals have body parts that look similar, even though they don’t share common functionality. Other animals have body parts that look totally different, but have a shared background. Here’s the difference between homologous and analogous structures: Homologous structures are structures that may look or function differently from related organisms. Analogous structures are structures that look and function similarly from unrelated organisms. What’s Next? Currently taking Biology and need help with other bio topics? Learn about photosynthesis, enzymes, cell theory, and what and how the cell membrane and endoplasmic reticulum work. Are youconsideringtaking the SAT subject testsin a subject like biology? Make sure you get the inside information onthe testbefore you make your decision. If you’re a freshman, sophomore, or junior, you might consider adding AP classes to your schedule. Here’s a complete list of AP courses and tests to help you choose classes that are perfect for you. Want to know the fastest and easiest ways to convert between Fahrenheit and Celsius? We've got you covered!Check out our guide to the best ways to convert Celsius to Fahrenheit (or vice versa).

Extenuating circumstances - from Germany to the United States Essay

Extenuating circumstances - from Germany to the United States - Essay Example I knew much of the language, able to speak it but with a unique accent. I always imagined settling in United States, attending its colleges and participating in American sports activities, especially football, which is my passion. Upon arriving in Texas, I was lonely at first, lacking family, friends and any one to share my sorrows with. At school I was undetectable while at home, radio was my companion. Coming to Texas gave me sadness, at the loss of my friends in Germany and it gave me hope, at the prospects of making new friends. Building relationships was a problem; this was due to my English accent. Thoughts filled my mind every day, tormenting me on how to muster American accent and thus improve the conditions of my life. I come to realize I was in fantasy; I dreamt of how life could get better than trying to work on those improvements. Noticing this, I became an aggressive individual and focused on the current events and striving to turn ideas into achievements. I began communicating without minding any embarrassment arising from my accent. Once upon coming late to class, the student supervisor said hallo to me. Not wanting to humiliate myself, I gave a short answer, "Nothing." Immediately there was la ughter across the classroom; I also laughed. At the end of the studies, I gathered courage and asked the supervisor why the laughter. I was eager to learn though confusing or embarrassing. I stopped concentrating on the impacts of my accent on the surrounding and started communicating; as I realized this will remove feelings of remorse from my life. These ideas motivated my growth and helped me to gain confidence. In addition to this, I started writing poetry in my spare time, praising the wisdom of God and at night, I observed the stars, the moon and the clouds. This was meant to encourage me on the workings of God and view myself as a creation of God, made to perfection. I made an outline of my strengths and this gave me courage to make friends and