What Is Finance for Me - 642 Words

Finance is probably one of the most significant part of our life, it is involved in all kind of activities. No matter where you are and what you are doing, we all face difficulties in making decisions in how and when to use money. Talking about finance, most of people would link it with monetary terms, material possessions and investment to increase personal assets. For me through finance is more about budgeting. However, I consider it not only as a money management tool to balance my expenses and follow my business’s financial performances but also as an instrument that gives me an opportunity to expand my comfort zone. There are a few vital aspects of finances in my life that I am going to explore in this essay, including personal†¦show more content†¦It is a complex industry that cannot be developed without accurate financial statements. Finance presents a whole picture of the business and shows its strength and weakness. At the beginning I was fully focused on des igning a collection itself without paying close attention on detailed expense reports. Lack of financial planning not only caused a big loss of money in business but also affected my family’s financial stability. Last but not least, public finance is one part of finance I am also concerned about. Finance plays an involved role in the health of the overall economy, which has a huge impact on lives of million people. For example, Vietnam is a developing country with fast growing economies likewise, the number of wealthy people. However, poverty remains one of the main problems. While living in Vietnam I was involved in many volunteer and charity organizations and events. I visited many rural areas and witnessed poor health and living conditions of local adolescents and elderlies. Some other people are still struggling from overcomes of the wars without having enough support from the government. In this case, I see finance as a key component for reducing poverty and improving th e overall quality of life in local communities through developing housing and infrastructure. But yet again without smart public finance management it is impossible to narrow a gap between social classes. All in all, finance has been an essential part of my life over the pastShow MoreRelatedStatement of Purpose for a Career in Computational Finance1041 Words   |  4 PagesThe world of Finance is by no means a new concept for me. Watching â€Å"Mad money with Jim Cramer† videos on cnbc.com for his daily stock picks is a ritual. I would study the company’s business model, perform very rudimentary fundamental and qualitative analysis on these picks and if its intrinsic value matched the criteria set, I would add it to my portfolio on Investopedia.com. 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