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  • Fiona
    University: China University of Petroleum
    Nationality: China
    October 16, 2020 at 3:48 pm

    When I was in high school, my parents’ investment in some stocks aroused my interest. So I read “The Smart Investor” by Benjamin Graham. This book made me more interested in market investment research.

    After studying finance related courses in college, I could draw on the knowledge I learned in class to analyze the overall economic development of a country. For example, I could try to use the one-year central bill issuance rate to predict government policy intentions, and use the 10-year treasury bond interest rate to analyze the basic macroeconomic situation, etc. Then I understood that finance brought me a new way of thinking. When I read a financial news, I can also try to analyze the reasons and possible effects of things.

    In my freshman year, I participated in the energy economy competition. I used python for some simple programming to automate data processing. Through cluster analysis, I was pleased to note the relationship between different industries’ electricity consumption and GDP contribution in Guangdong Province in China. I discussed it in my essay for the competition, which made me feel fulfilled.

    As a group CEO, I participated in a business simulation competition called PEAK TIME in my freshman year. It altered me to the need of the ability of making accurate judgments about a company’s value. The fun of checking out problems in the company’s financial statements and comparing the financial statements of different companies horizontally and vertically convinces me to learn accounting knowledge.

    As far as I am concerned, there are two main aspects to the fun that finance and accounting bring me. First, they give me a new way of thinking about problems. Second, I enjoy combing theory with the phenomena in reality.

     

    Fiona
    University: China University of Petroleum
    Nationality: China
    September 20, 2020 at 7:28 am

    Thanks for your modification, but I am not clear about how to shorten the long sentence. I have modified some of them.

     

    It is believed that financial ability is one of the most important adults’ abilities, but people are not born to be financially responsible. Although conventional wisdom has it that children should not be exposed to money too early, the received opinion is that children should learn financial management at the young age. As for me, I agree with the latter. My reasons are as follows.

    Firstly, there is so much to learn about financial management that it takes a long time. We grew up studying maths, science and so on. The same goes for money management. For example, every time after the New Year, children always receive a lot of pocket money from relatives. Then parents should take them to the bank to teach them how to open an account, how to deposit and withdraw money, and the difference between short-term deposits and long-term deposits, etc. Furthermore, parents can let children choose short-term or long-term deposits and how much money they would save.

    Moreover, children need to develop financial habits from an early age. There is no denying that childhood is the most receptive and habit-forming time. Parents should develop children’s awareness of making money and saving money. For instance, they can give their children money if they help with the housework, and ask them to deposit a part of it in their bank account.

    Although there is a certain risk that children may spend money out of control if parents let kids get in touch with money too early, parents can avoid this situation by supervising children from time to time. As the saying goes, “Don’t stop eating because of choking.”

    In conclusion, I propose that children should learn to manage their money as early as possible.