Define financial self-sufficiency as a process

Assignment Help Microeconomics

Reference no: EM133919922

Assignment:

Hong, Polanin, and Pigott define financial self-sufficiency as "a process, rather than an outcome, which starts from overcoming unrealistic financial goals, building inner strength and future outlook, acquiring skills and resources, and then moving forward toward realistic financial goals." To build a solid foundation to help achieve current or future self-sufficiency, a few factors need to be taken into consideration to help realize such a goal.

Reflect on what economic self-sufficiency means to you, considering factors such as your educational path, current employment, and financial management strategies. How are you currently financing your education, and what are your future plans for handling any debt? Discuss any barriers you face in achieving economic self-sufficiency and the steps you can take, or support you can seek, to overcome these challenges.

Reference no: EM133919922

Questions Cloud

Interesting or educational experience from your practicum : Describe an interesting or educational experience from your practicum. Describe an issue you are having and possible solutions.

Which financing instruments is the best for the investor : An investor is seeking an investment that will provide a predictable stream. Which financing instruments is the BEST for the investor as a potential investment?

What is the importance of monetary policy : What is the importance of monetary policy to the economy? What are some reasons why shipping traffic and delays have moved from Pacific ports to East and Gulf

Explosion of wearable devices and patient self-monitoring : Advances in technology have fed the explosion of wearable devices and patient self-monitoring.

Define financial self-sufficiency as a process : Define financial self-sufficiency as "a process, rather than an outcome, which starts from overcoming unrealistic financial goals, building inner strength.

Why are careful records and quality control essential : Maureen Connor is a school nurse in a busy middle school health room. Why are careful records and quality control essential to the school nurse's role?

Identify whether the situations could have accounted : A physical inventory check taken by staff at the end of year totals £157,980. Identify whether the situations could have accounted for the difference, or not.

Describe benchmarking practices that were used : Describe benchmarking practices that were used in the case study or your chosen organization, and conduct benchmarking research to identify best practices

Discuss about the economic benefits of competition : We've learned about the economic benefits of competition. Under competition, multiple sellers try to convince consumers to buy their products.

User Account

All Pages