Question

Finance is exciting! In this course, we learned how money can grow through the use of compounding and interest rates and your growth strategies may now be different. What are your new financial goals? Would you like to become more liquid, to save more for your retirement, or to start a new business? Whatever your goals, finance is right at the core. Think about what you learned in this course regarding investing to complete this assignment.

Describe three ways you will invest in your future based on the principles of finance. Include terminology from the course and use citations as necessary to support your explanation of the terminology. Discuss one of the three ways you feel most confident as a way to invest in your future. Explain your level of confidence. Of the three ways that you will invest in your future, discuss the one that you perceive might be the most challenging. Then, discuss how you might overcome some of those challenges.

Answer 1

My new financial goal to be financially independent & work for myself.

I would be like to save more and trying to be go financially independent as quickly as possible.

Finance is always the lifeblood for the any business and it will help me to expand my business and maximize my rate of return.

Three ways I will invest in my future based upon the principle of finance are as follows-

A. I will be trying to purchase as many as stocks in the market as I can, because it will help me to generate a rate of return in the long run.

B. I would also be looking for generation of profits through building a company which will be suiting my needs

C. I would also be looking to compound my saving as much as possible and trying to work extra.

One of these which I feel most comfortable to invest in my future would be to invest through ownning of equity of various stocks that will help me in gaining ownership stakes and gaining through capital appreciation in the long run.