Brad Brooks has two goals. On the one hand he wants to pay off his credit card balance of $8,000 and on the other hand he wants to save $4,000 so that he can retire 25 years from now. He has two ways to achieve those goals. One way is that he improves his cash flow statement by decreasing its monthly expenses. Most of his spending is made for entertainment, like going to the restaurants, playing gold and even doing weekend trips. He can scale back his spending while still enjoying these activities. He can try to reduce his spending at restaurants by about $80. He can also try to save at least $100 for his weekend trips. By revising his spending behavior in this way, he can reduce his cash outflows by $180 per month. Beside this he can also try to cut down the expenses for cell phone, use not too much his car so that he does not need to refuel the car many times and in addition he can also try to spend less on grocery. So just imagine by doing all this he could be able to save $400 per month. So he would be able to save $4800 per year. Another aspect is that it was …show more content…
For that either he increases his assets or decreases his liabilities. He can increase assets by increasing his savings account or increasing the value of any asset he owns. He should set aside funds more in the saving account that can be used as an emergency fund, because he is experiencing a large amount of expenses, without having sufficient cash inflows. One important thing he has to keep in mind is that he doesn't increase his liabilities along with his assets. Increasing your net worth through an asset increase will only work if the increase in assets is greater than the increase in liabilities. The same goes for trying to decrease liabilities. A decrease in what you owe has to be greater than a reduction in assets. Even when he is able to save $217, the negative net cash flows, so that at the end his net cash flow is zero, he can increase his net
You would think Andre Rand would have come to his senses after being sentenced to 25 years to life in prison. However, that was not the case. Rand cast himself as a “scapegoat victim” of a “corrupt” legal system, according to a series of letters he wrote and sent to a newspaper dating back to 1994.(Donnelly) In 1969, Andre Rand convicted his first act as a suspected serial killer, and convicted murderer. This must have set off a trigger in his mind that told him mentally to forever be a kidnapper, killer, and pedophile. Rand did not stop his ways after his 1969 act of crime.
Today in criminal convictions, it is prevalent and necessary that there is evidence collected in order to hopefully find and put away the people who committed the crimes. Serology is an important factor that allows this to occur. Serology is the study and identification of bodily fluids such as blood salvia and semen in order to proceed in criminal investigations and legal processes. Blood, saliva, and semen can be readily found in sexual assault and homicide cases. In the case of Dennis Maher, serology is something that should have been considered in order to make a conviction. Instead, none of the evidence that was collected was tested to exclude him, and he was put away in jail based on eyewitness identifications. The crimes that occurred in 1983 ended with Dennis Maher, a solider for the United States, being charged and convicted for rape, assault with intent to rape, assault & battery, and aggravated rape in the year of 1984 based on Eyewitness testimony (NEIP, 2011).
Total Money Makeover is Dave Ramsey’s is a book on using some of his financial fairly simple principles of money management. The process is summarized like this: first save a $1000 emergency fund, second eliminate all debt except for house payment using the debt snowball, third finish the emergency fund 3–6 months of expenses, fourth invest 15% into retirement and start a college fund, fifth pay off your home mortgage, and finally build wealth without going into debt. The idea of this “debt snowball” strategy has been written a...
The prosecution did not prove beyond reasonable doubt that Steve Harmon participated in the robbery and murder of Alguinaldo Nesbitt. According to Lorelle Henry, a trustworthy witness, Harmon was not at the scene of the crime when it happened. “‘I saw two young men engaged in an argument’” (Walter, 163). Henry saw two men, Nesbitt and James King, whom she identified later, and Harmon was not one of those people. Harmon not being at the scene of the crime already renders him innocent because he was never there. In fact, no evidence was shown that Harmon was at the scene of the crime. “‘He was supposed to tell us if there was anybody in the drugstore. He didn’t say nothing so we figured it was all right’” (Walter, 182). Additionally, Harmon has
Tim Hunt’s VISA card have the monthly credit limit of $1,500 and single transaction limit of $500. In the month of August, he charged $1,398.30 and available credit limits is $17.00. It seems like there is a transaction hasn’t been posted on the Works’ website. If you have any other questions, please let me
With this definition in mind, there are three things Jake should do to balance his gas budget as anticipated. First, Jake should attempt to monitor or regulate his financial behavior by spending less for other expenses so as to keep his overall expenses within his budget. In other words, Jake should have a scale of preference to determine his expenses. Secondly, Jake
Sale his business and keep an eye on it while being a consultant. There will be a time to create a different business and this time it will be with personal funds. This is what I plan to do in the same
... to the money. I recommend that he should keep the money in the restaurant and do all the accounting there instead of trying to do it at his house. In the restaurant you have a lot of locked doors and a security system and a a lot more witness’s if the alarm was to go off.
On top of that, I can recommend his parents to go for counselling, attend addiction treatment programme and support groups to help them with drug abuse, and refer them to the nearest family service centre to apply for financial assistance and attend financial literacy talks and workshops to help them manage their finance
If somebody else comes to tell you about his financial problem, you must put yourself in his shoes, see his suffering and his wants. You must take your time, listen to the person, feel for the person, then you begin to empathize with him. Finally, you give the Oneness
P.R. hasn’t struggled much with financial problems associated with aging. He mentioned that he is a big saver and has a lot of money in his savings to help him if he needs it. The only real challenge that he has had with financial problems is paying for medical bills and giving money to his wife. When his wife left, him he had to give half of his earnings to her due to the divorce. He stated that this really upset him because he felt like she was taking away what he
credit card, next, let’s see why you need to pay off your balance in full every month.
This chapter shows the readers five reasons why financially literate people may still have trouble increasing their assets.
Money is essential for our everyday lives and people have to face choosing whether to save up or spend their money. Of course earning our money can difficult considering that it is a necessary asset that affects every aspect of our life. Every day we see people working hard to earn as much money as the can. However how they use using the all the money earned is a frequently debated topic have seen many people who earn money and can no restrict themselves from spending .They usually act like wild animals fighting for food and being separating from the delusions of business. People are usually confused and frustrated by the amount money the use in a week without knowing that their daily impulse buying objects have piled up. Although it can be very hard to control there are many easy steps to stay away y from spending and instead saying up. Setting a goal, recording the amount you spend and even lowering your expenses can be small steps that will lead to great success in saving for the future