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Essay on Wealthy Barber | ||
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This is the first 1,000 characters of 1407 words (5.63 pages) in the essay titled Wealthy Barber Money is easy to make as long as you have a job, however what do you do when you have the money is another question. This is a question I have asked myself ever since I got my first part time job. Many people don’t realize that your money can make you more money, through proper investment. Through this strategy you can not only live comfortably now, but you can live a wealthy retirement and enjoy your later years. One of tips which caught my eye the most was the chapter, entitled, Ten Percent Solution . This chapter seemed to make sense to me as I am on a limited budget with a minimum wage job.I am one of the fortunate students how somehow can balance school with a part time job. I do this because it allows me some freedoms while at school, such as eating well, socializing and trips to visit friends. I also seem to have a bit of money left over which I leave sitting in my low interest bank account. It is this money I am hoping to save for when I am done school and to begin my OSAP payments. Until reading the book, The Wealthy Barber , I never really had an idea of what to do with my money. Since I am also one of those students who is lucky enough to have a loan through OSAP, I figured I’d better start saving or making money as it is stated. I am currently saving money in a GIC account at a bank which has a mediocre interest rate of approximately 4%. However, if I invest in something such as a mutual fund for long term growth I will get a better i... |
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Keywords: part time job, money left, minimum wage job, osap, interest rate, wealthy barber, gic, mutual fund, mediocre, fortunate students, figured id, balance school, percent solution, rapid rate, compound interest, eating well, nice thing, caught my eye, lucky enough, socializing