The Expert Advice Of An Eighteen Year Old Essay

The Expert Advice Of An Eighteen Year Old Essay

Length: 1105 words (3.2 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

The Expert Advice of an Eighteen Year-Old

There are many things I have learned and many things that have peeked my interest in my short life, but considering the fact that I am only 18 and fresh out of high school I don’t feel as if I am properly suited to be giving my advice nor am I an expert, just yet, at anything. I am however; very knowledgeable about the importance of saving money, investing money, and my future. My mother has taught me all the do’s and do nots when it comes to saving and investing for the future. I will gladly share this information with my readers. There are several ways to save money and invest safely for the future. To list the most common and safest ways, the first is a savings account.
Savings Accounts
Saving accounts are opened in a bank and are a good way to get into the habit of putting money away for a rainy day. They are low interest, meaning you will not gain a whole lot of money regardless of how long you save for. Once you have saved $10,000 in a savings account your banker should advise you to transfer funds into a money market account. Money market accounts are designed to give you more interest on your dollar which makes for a better gain in the long run. The only down side to money market accounts is that you must maintain at least a $10,000 balance in order to keep your account open. Having savings, money market accounts, or any kind of bank account is a great way to build a relationship with your bank in case you ever want to take out a loan, buy a car or even a house. There is no risk of having a savings account and you will not lose your money.

A CD is another way to save money and invest in your future. Most CD’s are issued through a bank. You purchase your CD for a sum of mon...

... middle of paper ...

...hase as much or as little with no penalties. It’s just a retirement tool for saving.
The stock market can be a great way to make money, and fast but there is such a large risk that comes along with it. Stocks are companies that you buy shares of. The stock market goes up and down so fast sometimes it’s hard to keep up so you would hire a stock broker to buy and sell for you. You can pay $20 a share, for example, 1000 shares of Apple stock @ $20 = $20,000. That sounds great, so you purchase the stocks. A week later the stock drops to $2 a share. Oops. You just lost your money. I do not care for stocks
I am only 18 years-old and I can’t say I am an expert at anything as of yet but I am a very good listener, a fast learner, I listen to my mother and I know how to invest the little bit of money I do have and it will give me a great turn around in the long run.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

18 Year Old Adult or Child Essay

- 18 Year Old Adult or Child This is a letter to my parents, and to every eighteen-year old’s parents in the nation. We are the youth of America, and we need to be heard. As i sit down at my computer and begin to write i would like to make one thing very clear to all who read this: I write from the standpoint of , with support from a few experts, but no one else. There are many things involved in upholding a healthy, and loving relationship with your child when you are the parent of an eighteen year-old....   [tags: Papers]

Better Essays
819 words (2.3 pages)

My Computer Will Not Turn On Essay example

- Introduction So as a user who just built a computer, I used a full size ATX motherboard with 2 DDR3 4GB cards, Intel i7-4940MX 64 bit, AMD Radeon R9 graphics card. I tried turning my computer on and nothing happens. The fan comes on for a brief second then shuts off. I should also say that when I hit the power button no LEDs come on. There are also no beeps when I hit the power button. And finally the screen does not come on as well. I have made sure all the plugs in the back are in the right jack and tight, which they are....   [tags: expert help, computer terminology]

Better Essays
1130 words (3.2 pages)

Review Of ' Eighty Nine- Year- Old Paul Matteson ' Essay

- Review of Literature Eighty-nine- year- old Paul Matteson was a dedicated and beloved member of his Michigan community. He was known for his generosity and willingness to assist those in need. In late 2012, Matteson committed suicide, shocking his family and friends. Reporter Danielle Salisbury investigated the cause of the suicide and concluded that Matteson killed himself because he felt socially isolated. A few years prior to Matteson’s death, his wife of 62 years was diagnosed with Alzheimer’s disease....   [tags: Old age, Gerontology, Middle age, Ageing]

Better Essays
1047 words (3 pages)

Essay about What I Would Expect For Normal Development As A Two Year Old

- When I arrived, Royce was sitting on a bench waving a ruler in an up and down motion. A prime example of Royce demonstrating fine motor skills was his ability flip through a children’s book one page at a time. As he walked around the room independently, he picked up toys to play with periodically, and then he moved on to new tasks rather quickly. For example, one moment he was looking through a book, then the next second he coloring. As far as large muscle skills, other than appearing to walk confidently, I only witnessed Royce slowly spin in minimal circles....   [tags: Jean Piaget, Developmental psychology]

Better Essays
1572 words (4.5 pages)

I Am A 16 Year Old Essay

- Well, for starters, I am a 16-year-old senior living in Florida. I’ve only lived here for about a year and 7 months, yet it feels like a lifetime. I feel such at home here, more than I ever did when I lived in Maryland- and I lived there practically my whole life. I have 4 siblings- all of them are older, but I’m only in Florida with my mom, one of my brothers, and my sister. I thank God everyday I moved here to Florida, I’ve been open to so many opportunities, and I’ve met so many exhilarating people.....   [tags: Teacher, High school, Education, School]

Better Essays
1645 words (4.7 pages)

Remembering My 20 Year Old Essay

- Remembering My 20 Year Old Yuan chen Xue Growing up is supposed to be filled with many good times and, sometimes, times that are not so good. I found this statement to be true when I “travelled” between my 20th and 21st years. During this age, I experienced some miserable things, which I never thought they would actually happen to me. In my previous life, for the very first time I experienced the word called “loneliness”. Back to March, 2013, that was a beginning of it all. In that month, I broke up with my first boyfriend....   [tags: Love, Friendship, Debut albums]

Better Essays
796 words (2.3 pages)

Essay on I Am 22 Year Old

- I am 22 year-old in that time. Who is just graduate and get a job right away, my job is “News reporter” what is news reporter do, the job sound is interesting .Yes it is, but the problem is I do not study for writing a news. I studied about Faculty of Mass Communication, Department of Radio and Television. I studied about news just one subject, I barely to know how to wrote news. So the first thing I do not know is why they are hired me. However it did not matter because I got a job. My expectation for this job position....   [tags: 2007 singles, English-language films]

Better Essays
792 words (2.3 pages)

Essay about Tips, Advice, And Encouragement

- Tips, Advice, and Encouragement to Future Composition I Students To future students, taking this Composition I course, I want to give you some tips, advice, and encouragement that will, hopefully, help you on the beginning of your journey. These are tools, I have gathered and learned in my own process, of this course. I will discuss in this essay about, some methods and tips I used for my writing, what to look for and how to make an argumentative paper valid, and then give you encouraging words that will motivate you to not give up....   [tags: Writing, Family, Source, Credibility]

Better Essays
1838 words (5.3 pages)

Good Advice Essay

- Good Advice When we first started to talk about good advice, I didn't fully understand what makes good advice, well, good. "Advice is advice." I said to myself, walking home from class trying to think of where to start. As the subject grew in class, everybody started to get deeper into the subject until we all had a well-based understanding on what good advice is. Everyone had a little different perspective than everybody else, which made the subject very interesting. I realized that there are many requirements for good advice....   [tags: Advice Philosophical Papers]

Better Essays
1314 words (3.8 pages)

Old Man and Old Woman as Marital Guide Essays

- Old Man and Old Woman as Marital Guide   "Old Man and Old Woman," a retelling of a Native American myth by Chewing Blackbones, a Blackfoot Indian, should serve as a lesson to all couples in how a good relationship works. In today’s society there is a great need for people to understand how to make their relationships successful. As the divorce rate gets higher every year; small children have begun to think that getting a divorce is something that is normal and to be expected. This story shows how to work through problems with a give-and-take approach where you make compromises, yet still stand up for yourself when you believe your convictions cannot be compromised....   [tags: Old Man Old Woman Essays]

Free Essays
812 words (2.3 pages)