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Untitled
LE
by
Ledwina-Ann Echu
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Updated May 4, 2022
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Chapters
00:00
Chapter 1
00:07
Chapter 2
00:45
Chapter 3
03:32
Chapter 4
04:05
Chapter 5
04:27
Chapter 6
04:30
Chapter 7
Audio Transcript
Auto-generated
00:01 - 00:02
Hi everyone.
00:02 - 00:06
My name is Latina issue and I want to discuss with you in my future career.
00:07 - 00:07
No.
00:10 - 00:14
So as my career I chose to be a predominant businesswoman.
00:14 - 00:17
The reason why I chose the term predominant business woman is
00:17 - 00:20
because I want to do a lot of things in business.
00:20 - 00:23
I want to have a lot of business related careers.
00:23 - 00:27
Like I want to be an entrepreneur, a Ceo CFO investor,
00:27 - 00:30
financial analysts. I want to do a lot of that.
00:30 - 00:33
I chose to do a lot of that because I like business a
00:33 - 00:37
lot and I found it actually kind of interesting you know to like
00:37 - 00:43
actually discover and we know being all of that. So that's why I chose that.
00:47 - 00:54
So my major is finance and the reason why I chose finances because I
00:54 - 01:00
believe finances the roots to being a lot of different careers in business.
01:01 - 01:05
Finance is a broad term that describes activities
01:05 - 01:09
associated with banking leverage or dip credit,
01:09 - 01:12
capital markets, money and investments.
01:12 - 01:17
Finance represents money management and the process of acquiring needed funds.
01:17 - 01:21
Finance improves financial literacy, creates budget,
01:21 - 01:23
savings for retirement and other long term plans.
01:25 - 01:29
C is for short term and mid term plans pays off debt, builds good credit,
01:29 - 01:32
makes more money, create an estate plan and many more.
01:34 - 01:38
So I'm going to talk to you about the advantages and some disadvantages of finance.
01:38 - 01:41
So finances the a lecture that assists in the
01:41 - 01:45
formation of new businesses and allows businesses to take advantage
01:45 - 01:49
of opportunities to grow employ local workers and in turn
01:49 - 01:52
support other businesses and local state and federal government twitter
01:53 - 01:54
Remittance of income taxes.
01:56 - 01:59
So basically financed like um
02:00 - 02:03
finance helps a lot, it helps you to know how to manage your income.
02:03 - 02:05
It helps you know how to control your revenue,
02:05 - 02:10
how to do all of that to stay away from death and everything else.
02:11 - 02:15
But now the biggest disadvantage in finance is like paying back dip
02:15 - 02:20
because making payments to a bank or other lenders can be stress
02:20 - 02:22
free if you have an apple revenue flowing into your business.
02:22 - 02:25
But if your sales are down or like
02:26 - 02:29
if your business fails you'll still be on the hook for depth.
02:30 - 02:31
So
02:31 - 02:36
business depth and depth in general is very risky because whatever
02:36 - 02:39
you do your doctors have to have their money back.
02:39 - 02:40
That's it. So
02:41 - 02:45
even if like any little income that comes to you has to go to your doctor.
02:45 - 02:46
So that's very
02:46 - 02:47
big.
02:47 - 02:49
Big disadvantage of finance.
02:51 - 02:57
So some solutions to decide to like depth is okay you have to make debt
02:57 - 03:02
reduction a serious priority if you are caught in the web of credit card debt.
03:02 - 03:04
The first step is to stop using them.
03:04 - 03:08
So stop using your credit cards and look at your monthly budgets.
03:08 - 03:09
Look at the things you can
03:09 - 03:11
like live without and
03:11 - 03:12
don't
03:12 - 03:17
don't spend them, don't spend on that. Try to reduce your expenditure. Try to
03:17 - 03:20
and spend on only things that you actually need.
03:20 - 03:24
If you make too little money you have to really
03:24 - 03:27
eliminate expensive and you always need to have a plan
03:27 - 03:28
in place.
03:30 - 03:31
So
03:32 - 03:33
points moving on.
03:34 - 03:36
When I did the interview,
03:36 - 03:38
I did an interview with the banker.
03:38 - 03:43
He's a banker and a real relationship manager lending specialist.
03:43 - 03:47
So he taught me a lot of things.
03:47 - 03:53
I learned a lot from him just listening to him speak and everything. So it was a very
03:54 - 03:59
it was very, I was very opportune to be with him to learn all of what I learned.
03:59 - 04:01
He showed me different things.
04:01 - 04:04
I got different perspectives from him and everything. So yeah,
04:06 - 04:14
so my degree plan in my degree plan, I need 100 and 20 credits in total to graduate.
04:14 - 04:19
42 credits for general core courses, 57 credits from my major in finance.
04:19 - 04:22
30 credits for the school of business requirements.
04:22 - 04:25
21 credits for other requirements and business administration.
04:30 - 04:32
Oh, sorry for that.
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