Rich Dad poor Dad

Rich Dad poor Dad Summary Written by Robert Kiyosaki, ‘Rich Dad, Poor Dad’ is a story that explores one man’s journey from ten cents an hour to financial independence. Unlike many of other children, Kiyosaki had two fathers- the biological poor father and the ‘financial icon’ father.Advertising We will write a custom essay sample on Rich Dad poor Dad specifically for you for only $16.05 $11/page Learn More The author compares the approaches for success that each of the two fathers taught him. He compares their financial intelligence and business skills; qualities that his real father, the poor but highly educated man, lacked. In Chapter 1, Kiyosaki tells of his early life with his friend, Mike, as boys growing up in Hawaii. Fortunately, meeting mikes father changed Kiyosaki’s destiny for he learned of priceless money principles that he applies in life even today. Mike’s father employed the author and Mike in a grocery store where they worked for peanuts. Unsatisfied with the pay, Kiyosaki asked for a pay rise but received a pay cut instead. As the two boys almost ran out of patience for a pay increase, they managed to meet their boss (Mike’s father) only to accept a moral lesson and forgo a pay increase. They both opted to learn the moral of the lesson despite the rich dad giving them a significant pay increase as an option. They learnt the important lesson that, the rich do not work for money; no, money works for them by employing other people to work for them In Chapter 2, the author explains the importance of financial intelligence in achieving financial success. He argues that wealth lies in the ability to identify opportunities and utilize them. He compares the rich and the poor in terms of risk-taking, whereby the poor and the middle class prefer to play it safe and avoid risks. He explains that investing in assets and minimizing one’s expenditure contributes to financial success. The po or on the other hand spend more than they can keep. In Chapter4, the author explains that for individuals to become financially sufficient, minding one’s own business is important. Focusing on nurturing one’s own businesses instead of the employer’s business contributes to financial independence. Another important lesson described in the book is that taxation only affects the poor. The rich avoid heavy taxations through corporations, which offer tax exemptions and protection from litigation. This phenomenon offers an ideal way for the rich to protect their wealth. The author also explains that self-confidence in business and financial literacy involving investments is more important than saving small sums of money monthly. The author also describes the importance of working to acquire skills instead of working for money.Advertising Looking for essay on american literature? Let's see if we can help you! Get your first paper with 15% OFF Learn More Skills in accounting, market trends, and business laws enable the rich to achieve financial success. The author also describes the importance of education in business and describes the skills such as management skills that individuals need to achieve success. In addition, the author describes the obstacles including human traits that hinder financial success and offers the tips for expanding personal wealth. Analysis The author believes that for an individual to achieve financial success, he or she must strive to own his/her businesses instead of working for employers. He feels that the poor work hard for less while enriching the employers. About financial literacy, the author stresses the importance of accounting and proper management of one’s expenditure as a way of achieving financial success. In addition, the author holds the opinions that individuals should invest more in solid assets and cut down liabilities to achieve financial prosperity. Interestingly, the a uthor depicts the poor dad as well-educated but lacking business skills showing that education is less important in achieving financial success. Later, in Chapter 6, he stresses the importance of education and training to enhance business and investment skills. He also recommends that education make one a better investor coupled with increasing one’s financial intelligence. This contradicts the picture created by the author’s biological dad who was poor despite being highly educated. In addition, the author recommends that financial success can be achieved through employing intelligent and trained minds. The idea that financial literacy leads to financial independence concurs with the story of the two dads. The poor dad is a highly educated professor who lacks financial literacy skills. As a result, he never makes it financially despite working hard while the rich dad, who was financially intelligent, invested in assets, undertook risks, and achieved great financial su ccess. The poor dad emphasized on education as a way of achieving financial success. However, the rich dad groomed the author on business skills that turned out to be important in achieving financial success. Reflection In the story, the author explains that the rich do not work for money; instead, they hire intelligent minds to work for them. In my opinion, I think the rich also need to work to some extent particularly in managing workers and their investments.Advertising We will write a custom essay sample on Rich Dad poor Dad specifically for you for only $16.05 $11/page Learn More However, I think the idea of minding one’s own business is a noble one. By investing in assets and businesses, I can become self-employed and avoid exploitative, unrewarding, unsatisfying jobs. In addition, financial literacy is an important lesson for professional individuals. Understanding basic financial skills can help one create and grow wealth. However, the author did not come out clearly on how training or education helps an individual to develop financial intelligence. Conclusion Rich Dad Poor Dad provides vital lessons and tips to the reader on attaining financial success without much struggle. In addition, it outlines the necessity of financial literacy as a vital tool of success. However, it fails to accord importance to training or education. In a scale of 1-10, I would rate it eight.

A View of the Human Physique As Illustrated Through Different Art Works

A View of the Human Physique As Illustrated Through Different Art Works The following works of art all depict the human body: Woman of Willendorf (Paleolithic, 28,000-25,000 BCE), Pharaoh Menkaure and Queen Khamerernebty (Egypt, 2490-2472 BCE), and the Dying warriors of both the east and west pediments of the Temple of Aphaia (Archaic into Classical Greece, 480 and 490 BCE, respectfully). The broad ideas these figures can be associated with, paired with their smaller level details, together demonstrate how cultural ideals regarding body image change and develop over time. The Woman of Willendorf, sometimes called â€Å"Nude Woman,† is one of the oldest pieces of art found. She is eleven centimeters tall and made of limestone. We know very little about her and cannot make any grand conclusions (though we have â€Å"assigned† meaning to her to satisfy these holes). A few other figurines from the last Ice Age have been discovered, and they were of women as well, highlighting curvature and breasts. The Woman of Willendorf has been associated with fertility, given the name Venus, who is goddess of love and fertility. The figure does not have any facial detail. We do have, however, extremely exaggerated breasts and stomach, and the detail of the vulva. This could certainly lead us to the thought that fertility is indeed the symbol here. What does this indicate? Maybe robust women were more fertile and were the idealized size. Maybe a woman’s main purpose was fertility alone. Maybe larger women were considered healthy. We do not have muc h to go by, but this is where we can consider human sculpture history more or less to begin. The Egyptian statue of Pharaoh Menkaure and Queen Khamerernebty provides us with a representation of a high-figure male and female during the Pyramid ages. Menkaure and his queen stand side by side, made in sandstone, emerging forward with both their left feet outward (most female figures would not do this, which indicates that Queen Khamerernebty could in fact be Menkaure’s Queen-Mother.) They look forward and their almost-stoic faces give a sense of â€Å"other world† – they are in motion, stepping into eternity, and we are watching them in all their beauty. Menkaure has a very detailed face which feels unique. He has smooth skin with no imperfections and a hardy structure: he is quite the image of youth. He wears a traditional pharaoh headpiece, the royal beard in place, and holds the ceremonial cloths – he is in normal pharaoh stature, and this artwork celebrates him. His queen is constructed beautifully. She has a mature body with breasts shown through her clinging clothing, and again, a detailed, unique face. These figures are beautiful and we look at them in amazement, but they are not exactly idealized like typical royal artwork. They are individuals, set in these roles. We can compare this Egyptian art to artwork from earlier periods: we have developed ideals, styles in art based on the literal trends of Egyptian culture, and furthermore, different meanings and purposes of artwork: this sculpture would function as a piece to ensure rebirth for the king during afterlife. The Dying Warriors of both the East and West Pediments of the Temple of Aphaia provide us with a look at the evolution of Greek sculpture in particular. In 490 BCE, the West Pediment figure was made. It is just one part of a lively Trojan War-scene pediment. We see this warrior fallen; he has been impaled in the chest. He is trying to remove the weapon from his chest though he will probably die, all the while sporting his archaic smile common to the art period (to enliven the work of art; not to portray a particular emotion). His legs are flailing in a sort of schematic, perfected way – it is like a pose. This artwork symbolizes a wounded warrior, but it does not do so realistically. It symbolizes a wounded warrior using limited expression and the current standards – both capabilities and ideals – regarding displaying the full body. On the East Pediment, approximately ten years later BCE, we have a far more complex rendering of a hurting warrior. Not only is our body more realistic in its muscle and skin transitions, but we have bodily movement that is believable. The artist thought about what it was like to fall, and this work expresses that very concept. We also lose our archaic smile, as this marks the beginning of the Classical Period in Greece. The face looks a bit tired, and is downward as the soldier tries to hoist himself up with his shield – another object added to the imagery of the scene. We feel this defeat, and through the Hellenistic Period and beyond, emotional concepts which it seems are skimmed here, are explored much more in-depth. We have looked at a limited number of representations of how cultural ideals around the body change over time. Developing cultures evolve to appreciate certain aspects of the human body, in specific ways and to represent defined values or messages. Some 30,000 years ago, what we now call the â€Å"Woman of Willendorf† depicted a human being, specifically a woman, and a robust one. Maybe this translates to an ideal, or to a symbolism or affiliation with fertility. Fast forward many cultures, and we have Egyptian pharaohs being portrayed. We see political hierarchy and religion, defined body ideals, and individualism having developed, all of which are being represented through art. Fast forward further, and we have established war politics displayed in art openly, fierce propaganda exploration and growing expressions of detail, liveliness, and eventually, concepts of emotion and imperfection.

A Quality Candidate for the Position of Teacher Essay

A Quality Candidate for the Position of Teacher - Essay Example Teachers are expected to create the most conducive learning environment that would design and impart theoretical concepts according to defined modules and encourage students to be actively engaged in the learning process. As a Bilingual Math teacher with extensive experiences in curriculum design, integrating technological applications and applying a multidimensional approach to teaching, I strongly believe that I am a quality candidate for the position of a teacher. Being a Bilingual Math teacher for the past 4 years has paved the way for the continued personal and professional growth in terms of honing skills in instructional design, the creation of an interactive learning environment, incorporating technology in education, and adhering to ethical and moral codes of conduct expected of the teaching profession. The continued interaction with various academic stakeholders from diverse cultural orientations enabled continuous improvement of knowledge, abilities, and skills required in the academe. Other than the teaching experience, one previously assumed the position of an accountant for Angelo & Carlos, lnc., an organization in New York and the role of a manager for the U.S. Marine. The leadership skills, professional discipline, interpersonal and communication skills, as well as problem-solving and decision-making abilities have all been gained from past personal and professional experiences. All of these are contributory to enhanced competencies in handling classroom management and maximizing learning opportunities in diverse academic environments.

The impact of technology on society(electrification(electricity)) Research Paper

The impact of technology on society(electrification(electricity)) - Research Paper Example Since the evolution of electricity is a complex phenomenon, its makeover is done by various personalities at various span of time at different stages. If we look at who identified electricity in an elaborate way, then the credit can be given to Benjamin Franklin who recognized electricity by flying kite on the occasion of lightning. It was in 1752, June 15th that Benjamin Franklin propagated that lightning is the pure form of electricity. He founded through experiment that electricity could pass through metals and this gave way to the great discovery of many electrical appliances and gadgets. 2.1.1 The Phenomenon of Electricity Surprisingly, the electricity as a scientific phenomenon did not gain recognition until the last quarter of eighteenth century. The early civilization to probe in to the discovery of electricity was the Greek personalities. The word electricity itself is connected to the Greek word â€Å"Elektron† or amber as rubbing of amber with cloth produced electri city. The electricity which was once a frightening element of nature, changed in to the most beneficial gift of nature as man discovered its immense potentiality and usability in his daily life. Electricity being a secondary form of energy source is obtained by converting primary sources of energies like coal, oil, natural gas, nuclear power and other natural sources. The electricity consists of electrons which are tiny particles of energy and are the smallest unit of energy. These electrons which are energy particle, when passed through metals like copper and iron aids in use of electricity in electrical appliances. However the production and supply of electricity is the most perplexing procedure and capital intensive program, which the industrial sector has ever experienced. The electricity is produced in extensive power plants with the help of huge turning turbines. Here the turbines are turned with the help of steam produced by coal. However, if electricity is produced by water then the rushing of water moves the turbine. The voltage of electricity is increase with the help of transformers which is later passed to the electrical equipments for use. 2.2 The status of pre- electricity period. 2.2.1 Quality of life The quality of life before the invention of electricity was considerably dull and dark. The period prior to the last quarter of 18th century was a duration of strive and struggle due to the absence of electricity. The life during those times was murky and was entirely depended on the dim light of the candle. Unlike 21st century, the age before electricity was limited in luxury and amenities. People were not in a position to take maximum benefit of natural resources and had to struggle hard to conduct their daily life. Moreover, the night life of people were less exciting because as the night fell, people resorted to their homes keeping in mind their personal security and safety. During those times, people depended on bee wax, cow dung and animal fa t to illuminate their houses and other personal and public spaces. 2.2.2. Performing task Before the invention of electricity, all the house hold chores and productive works were outcome of manual labor. People like poets and

Improving the Effectiveness of Sex Education in Schools Essays -- Sexu

The question is no longer should sex education be taught, but rather how should it be taught. Over 93% of all public high schools currently offer courses on sexuality or HIV. More than 510 junior and senior high schools have school-linked health clinics, and more than 300 schools make condoms available on campus. The question now is, are these programs effective, and if not, how can we make them better? Kids need the right information to help protect them-selves. The US has more than double the teenager's pregnancy rate of any western industrialized country. Teenagers have the highest rates of sexually transmitted diseases (STD's) of any age group, with one in four young people contracting an STD by the age of 21. STD's, including HIV, can damage teenagers' health and reproductive ability. And there is still no cure for AIDS. HIV infection is increasing most rapidly among young people. One in four new infections in the US occurs in people younger than 22. In 1994, 417 new AIDS cases were diagnosed among 13-19 year olds, and 2,684 new cases among 20-24 year olds. Since infection may occurs up to 10 years before and AIDS diagnosis, most of those people were infected with HIV either as adolescents or pre-adolescents. Knowledge alone is not enough to change behaviors. Programs that rely mainly on conveying information about sex or moral precepts-how the body's sexual system functions, what teens should and shouldn't do-have failed. However, programs that focuses on helping teenagers to change their behavior-using role-playing, games, and exercises that strengthen social skills-have shown signs of success. In the US, controversy over what message should be given to children has disadvantaged sex education programs in s... ...nd practice in communication, negotiation, and refusal skills. Although sex education programs in schools have been around for many years, most programs have not been nearly as effective as hoped. Schools across the country need to take a rigorous look at their programs, and begin to implement more innovative programs that have been proven effective. Educators, parents, and policy-makers should avoid emotional misconceptions about sex education; based on the rates of unwanted pregnancies and STDs including HIV among teenagers, we can no longer ignore the need for both education on how to postpone sexual involvement, and how to protect one self when sexually active. A comprehensive risk prevention strategy uses multiple elements to protect as many of those at risk of pregnancy and STD/HIV infection as possible. Our children deserve the best education they can get.

Case study Wilson Lumber Company Essay

QUESTION 1 WHY HAS WILSON LUMBER BORROWED INCREASING AMOUNTS DESPITE ITS CONSISTENT PROFITABILITY? Although the company seems to be profitable, it has faced shortage of cash. It happened due to increase in Accounts Receivable as well as Inventories. On the other hand, Accounts Payable does not increase that rapidly and difficulties regarding cash collection become evident. Furthermore, the cash collection cycle becomes larger (59 days in year 2003, while more than 70 in year 2006). QUESTION 2 HOW HAS MR. WILSON MET THE FINANCING NEEDS OF THE COMPANY DURING THE PERIOD 2003 THROUGH 2005? HAS THE FINANCIAL STRENGTH OF WILSON LUMBER IMPROVED OR DETERIORATED? EVALUATE WILSON LUMBER FINANCIAL HEALTH. During 2003- 2005 the company borrowed money (long term loan) from bank to finance its operations. In general profitability ratios are positive, however, could be higher. That might be a signal of cost reduction. On the other hand, the company becomes less liquid and its liquidity ratios keep dropping within all years. Both liquidity rations inform that there is lack of cash in the company. The leverage ratios show that company has increased its long term debt and now company becomes more financed by debt than equity. As the debt grows, the interest rates become larger and thus the interest coverage ratio becomes smaller. The activity ratios point out that the cash collection cycle becomes larger therefore company faces some serious issues regarding cash collection (59 days in 2003 whereas 78 in year 2006). QUESTION 3 TO ESTIMATE THE SUSTAINABLE GROWTH RATE (SGR) THAT WLC CAN SUSTAIN WITHOUT  FURTHER WEAKENING THE BALANCE SHEET ASSUMING: NO CHANGE IN THE RATIO OF SALES TO TOTAL ASSETS, NO CHANGE IN THE RATIO OF TOTAL LIABILITIES TO OWNERS’ EQUITY NO EQUITY ISSUES OR REPURCHASES A RETURN ON BEGINNING EQUITY OF 20 % ( THE 2005 LEVEL), AND A CONTINUATION OF THE POLICY OF PAYING NO DIVIDENDS. QUESTION 4 HOW ATTRACTIVE IS TO TAKE THE TRADE DISCOUNTS ? IF MR. WILSON IS OFFERED A DISCOUNT OF 2% FOR A PAYMENT MADE IN 10 DAYS AND  DOES NOT IN FACT 50 DAYS; IF MR. WILSON OFFERS HIS CUSTOMERS TERMS OF 2 % DISCOUNT FOR PAYMENT IN 10 DAYS WHAT WOULD COST. A. 2/10/50 (0.02/(1-0.02))*(360/(50-10))=0.18 % Is 18% interest B. 2/10/30 (0.02/(1-0.02))*(360/(30-10))=0,36% Is 36% interest I would prefer to take a discount because it has a lower interest rate. QUESTION 5 DO YOU AGREE WITH MR. WILSON’S ESTIMATE OF THE COMPANY’S LOAN REQUIREMENTS? HOW MUCH WILL HE NEED TO FINANCE THE EXPECTED EXPANSION IN SALES TO $ 5.5 MILLION IN 2006 AND TO TAKE ALL TRADE DISCOUNTS? We calculated that Mr. Wilson would need an estimate of 982000 not 750000 to finance the expected expansion. As well after viewing the liquidity ratios who tend to decrease in last years, it would be risky to take such a loan. QUESTION 6 AS MR. WILSON’S FINANCIAL ADVISER, WOULD YOU URGE HIM TO GO AHEAD WITH, OR TO RECONSIDER, HIS ANTICIPATED EXPANSION AND HIS PLANS FOR ADDITIONAL DEBT FINANCING ? As financial advisor I would urge Mr Wilson to take the loan, despite the fact of low liquidity and increase in debt throughout the last years. The loan from Suburban National bank is not sufficient for meeting the needs of Mr Wilsons company, furthermore, the debt continues to rise due to the buy-out of Mr Holtz; this also has increased the low liquidity of the company. However, the reasons why I would recommend taking the loan are: So far Mr Wilson was unable to take advantage of the trade discounts (2% off if paid within 10 days), however by taking loan he will be able to do so, in addition, this will also help to increase the profitability by reducing the costs. The EBIT is also increasing steadily, however with the necessary loan Mr Wilson could increase its earnings by one third in only one year. The economic value added also has increased significantly, especially in year 2004 and in year 2005. Despite the significant loan Wilson Lumber Company borrows in year 2006, they will still manage to generate economic value of 12, 55 thousand dollars. Also very good indicator that Mr Wilson should take the loan is the return on invested capital which is actually higher than cost of capital (WACC). Even in year 2006 it is estimated that the ROI will be higher than WACC, while in the next year the ROI will continue to grow. QUESTION 7 AS THE BANKER, WOULD YOU APPROVE MR. WILSON’S LOAN REQUEST, AND, IF SO, WHAT CONDITIONS WOULD YOU PUT ON THE LOAN ? WHAT ABOUT WORKING CAPITAL MANAGEMENT WOULD YOU RECOMMEND HIM? As a banker I would approve the loan as the company itself does not show great risks. Most of the bad indicators (low liquidity) are created by the limited loan provided by Suburban National Bank and also by the customers who does not pay immediately. The rather big inventory also is not that bad  indicator as it also has it benefits- can be ready for unexpected orders. Good indicators which show that Mr Wilsons Company is performing are the increase in sales, net income, and return on equity. If Mr Wilson would like to take the loan, first he would have to agree to such conditions: Maintain the capital at agreed level; Reduce the inventory; Additional investments in fixed assets could be made only with the prior approval of the bank; The accounts receivables must be reduced, by reducing the payment time for customers.

Transition Metal Definition

Transition Metal Definition: A Transition Metal is an element periodic table Transition metals orbitals Example: scandium zirconium tantalum molydenum manganese copper zinc Return to the Chemistry Glossary Index