Ways you will invest in your future based on the principles of finance discussed in this course. Include terminology from the course and use citations as necessary to support your explanation of the terminology.
Finance is exciting! In this course, we learned how money can grow through the use of compounding and interest rates and your growth strategies may now be different. For this assignment, develop a summary and a 2–3 page paper.
For help with this assignment, view the FIN100 Writing Assignment Help video.
This summary will help you develop your paper. Begin writing your summary by responding to the following questions and prompts:
Note: Do not use this summary as the introduction to your paper.
Think about what you learned in this course. What are your new financial goals?
Would you like to become more liquid, to save more for your retirement, or to start a new business?
Whatever your goals, finance is right at the core. Think about what you learned in this course regarding investing to complete this assignment.
Write a two to three-page paper in which you:
Write an introduction in your own words, based on the content of your paper.
Describe three ways you will invest in your future based on the principles of finance discussed in this course. Include terminology from the course and use citations as necessary to support your explanation of the terminology.
Discuss one of the three ways you feel most confident as a way to invest in your future. Explain your level of confidence.
Of the three ways that you will invest in your future, discuss the one that you perceive might be the most challenging. Then, discuss how you might overcome some of those challenges.
Submit your summary and paper by uploading them together to the assignment submission area
Investing in yourself is more than just acquiring stocks and bonds. When you make conscious decisions to invest in your financial wellbeing, health, career, and interests, you set yourself up for success in the future. Not sure where to start? Try out any of these 37 ways to start investing in yourself today.
Feel free to jump to the infographic for a quick breakdown of some of the best investments you can make for yourself. Don’t forget to download our motivational wallpapers too!
Your future depends on the investments you make today. If you start early, time can be your friend and not your enemy. Consider investing your money in more than just stocks and bonds, and save specifically for the future.
There are many ways to save for retirement. The most important thing to remember is that the sooner you start saving, the more money you will accumulate over the years. Use this retirement calculator to estimate how much you should save to meet your retirement goals. Then begin building your nest egg by making contributions to any of these financial accounts:
Set financial goals for the future and measure your success by achieving them. Your goals can be short-term, like saving for your next vacation, or long-term, like paying off student loans. For inspiration, find some ideas for financial goals below:
Start saving for small expenses that aren’t a part of your regular living expenses with a rainy day fund. This fund will help you with unexpected expenses that pop up like a necessary car repair or replacing a broken laptop. Keep your money easily accessible in a checking or savings account, and use these saving tips for extra cash to put toward your rainy day fund today:
When you put your money in a regular savings account, it will pay you a little interest on the money you have in there. However, there are other accounts that may get you a little more bang for your buck. Explore whether these savings options may be right for you:
You only have one body, so it’s important to invest in it and give yourself the best opportunity for a long and healthy life.
Your body needs fuel to run properly, so make sure you give it the nutrients it needs. Eating healthy can help optimize brain function and improve your quality of life. Here are some ways to nourish your body:
The World Health Organization cautions against the negative effects a sedentary lifestyle can have on your body and mortality. Physical inactivity causes increases in a variety of health problems like diabetes, obesity, depression, anxiety, cancer, and cardiovascular disease. Follow these tips to get more active every day:
Sleep deprivation is more than just being tired. It comes with many negative health effects for your body and brain like increased risk of high blood pressure or dementia — it’s even shown to age your brain three to five years. Try out these good sleep habits to get your eight hours in:
Self-care requires you to pay attention to your wellbeing and to do things that safeguard it. Practicing self-care entails doing whatever you need to recover, recuperate, or re-energize. Here are some ideas for practicing self-care on a budget:
As you age, it’s important to keep your brain active to maintain healthy cognitive functions. Take the time to feed your brain by engaging in new, complex, and challenging activities like the ones listed here: