Finance And Business Flashcards
Are you good at saving money?
Yes, Im a saver because my parents have always encouraged me to save for the things that I wanted because they believed that it’s a useful skill that can help me in the future.
so even though because of the economic problems in my country saving is not a wise thing to do anymore. I try to save for little things because I believe it’s a helpful skill and can be useful in the future.
What jobs are profitable in your country?
The most profitable jobs in my country are jobs that are related to the beauty and fashion industry such as beauty salons or jobs in cosmetic surgery. The demand for these services is still increasing so I believe that they are going to be even more profitable In the future.
the ones in which you work for yourself not the governments
What do people usually save for?
It depends on their age. For example, schoolchildren usually save For small stuff like a one-day trip with their friends while college students save their money for more serious matters like their university tuition or buying a house for the future.
why can’t some people manage their personal finances?
Being unable to balance personal finance is closely related to a lack of financial literacy. Most of them never learn about the importance of managing expenses. This means they’re not forward-thinkers and can’t prioritize their needs.
Should schoolchildren have lessons on financial responsibility?
Yes. I believe having at least basic financial literacy is very essential for children to avoid future problems like getting into debt or failing businesses. Therefore schools should teach children about how to save money and how to economies by cutting down on luxuries.
Are there any financial crimes taking place in your country?
Yes. Unfortunately, Financial crimes like money laundering and credit card fraud are extremely increasing in my country these days. In order to stop that governments should address the issue by establishing more practical rules and applying strict supervision.
Describe a successful businessperson you know.
These days a lot of people have their own businesses in order to achieve financial independence but only a few of them are successful. and I want to describe a successful businesswoman who is a close friend of mine.
I first met her 15 years ago in elementary school and we’ve been friends since then. She had been showing interest in computers and technology from a very young age when she saw a computer for the first time.
She had always wanted to figure them out and know more about them so she chose computers as her major in university and started a software company with one of her classmates. She later bought her partner’s share and now She owns a huge tech company all by herself and hundreds of people are working for her.
She started this company when she was only 20 years old. Although her parents were extremely wealthy and she lived in the lap of luxury, she didn’t accept any help from them.
Even at the time that her company was dealing with financial problems.
She overcame all of her difficulties with hard work because she knew if she wanted to be truly successful she must step outside her comfort zone and keep going without the fear of failure and making mistakes.
