When I was sixteen years old, I made this plan that I would use to build a life for myself. I wanted to get an easy job over the summer to earn money, so that I could invest some of it into successful companies. The rest would be used for college. I do this for two years before I go to college. I also raised and bread rabbits when I was younger. I started raising rabbits at a very young age, so I have had several years of experience. I put in my plan that I would major in computer engineering in college. Since I was two years ahead in school, because I homeschooled, I did dual enrollment for my first two years of college. After that, I went to college and graduated two years early in computer engineering. While in college, I bought an old car, but as long as it got me from point A to point B, I was good with it. I got a well-paying job after I graduated and I rented an apartment to live in. I lived in that for two years before I made enough money to buy a house. It was a small house, but it was close to family, so I was good with it. I worked hard at my job, and attained many promotions. I worked up in company and made a lot more money than what I started with. With my spare time, I like to blacksmith, so I build things in my garage/forge, like knives and other weapons, because I like weapons. I did this for the rest of my life, until I retired. I would not change anything about this plan.
A labor union is a group of employees or workers of a specific business or industry or trade that work to maintain a better working conditions, salary, etc. Price inflation is the increase of prices of goods or services over time.
It is commonly believed by many people that labor unions do cause price inflation, however, they cause it not by increasing the current salaries of workers, but by reducing the current salaries of workers. How is this possible? Well, they push their employers to raise the prices of their products. This means that the employees get paid more. Remember when I said a labor union of a specific industry work to maintain a better salary? Some times they do this by pushing the employers to raise the prices of the products, so that people will pay more for the product. This way, the employees get paid more for their work. This may work out for the labor unions, but the buyers of the product now have to pay more for the product. In fact, the buyers may even think that this product is not worth the extra money, and buy something else from a different industry or company. Enough people do this, and labor unions are stuck with even less money than they began with.
Labor unions want more money for their work, so they push their employers to raise the price of the product. Buyers then see the raised price of the product, and decide this product is not worth the extra money, and buy something else. Now, the workers who formed the labor union are now stuck with even less money than they had at the beginning.
Imports are goods that were made in one country and is coming into a different country to be sold. Exports are goods that were made in one country and is being sent out to be sold into another country. Think of imports as in-coming goods, and exports as out-going goods. Make sense? Also, tariffs are kind of like taxes. People place tariffs (taxes) on people who want to sell their goods in a different country. Basically, people who want to sell their products in another country have to pay the government in order to be free to sell their products. That is what a tariff does.
Does a tariff (tax) on imports (in-coming goods) also reduce exports (out-going goods)? It will. Here’s how. If you put a tariff on imports, there is likely to be lower imports, causing lower exports. Tariffs could potentially hurt exporters by making the exported products more expensive. The exporters could struggle to maintain their sales, or be forced to cut the prices of their goods. This causes profits to fall, and this could affect the exporters’ country’s economy.
Tariffs can also increase the cost of goods and services from an importing country. This causes higher prices, causing a decrease in the consumer’s demands for that commodity. This creates a surplus in the exporting country. All of this causing a decrease in the exporting country’s export volume.
There are many other reasons why tariffs on imports reduce exports, I just mentioned some simple to understand ones.
Would I pay 20% more to shop at a store that sells only American-made goods? Why would I do that? Prices are already high enough. I would not pay even more to shop at a store that sells only American-made goods. Now, American-made goods are helpful, but not all of America’s goods can be helpful. In fact, some of the best things are made in China. I would buy American things, but to pay 20% extra to shop at a store that sells only American-made goods? I would never. If there was an item you wanted to buy and it was made in China, but you found the same item elsewhere and it was made in America, but the item made in America was 20% more, which one of these two items would you want to buy? I would assume it would be the one made in China. And that goes for every other nation as well. I you did all of your shopping at a store that sells only American-made goods because you do not want to buy anything that was made in another country, does that mean that you do not like the other countries that the US buys things from? What kind of message are you sending to other people? Now, I may pay an extra 20% at a store that sells only American-made goods, but only if it has the item I need, and I can not find it anywhere else. Otherwise, I would not go there and pay an unnecessary extra 20%.
‘First come, first served’ simply means that people will be served according to the order in which they arrive or apply. It is like concert tickets. If you come first, you get served (get the tickets) first. However, if you do not come first, but a lot later, the tickets will probably be sold out. This is kind of like another quote I heard once, ‘you snooze, you lose’. And this is totally true. It is used all the time today.
‘High bid wins’ is like at an auction. Whoever pays the most, or offers up the highest bid, wins or gets the product being offered.
Each of these ‘quotes’ are used every day today, and they are everywhere. They are also distributed to the companies who sell products according to the buyers. For example, you would not put groceries up for auction to the highest bidder, or vice versa. It just does not work that way. In what areas of my life would I prefer ‘first come, first served’ to ‘high bid wins’? Like I just said, I would prefer ‘first come, first served’ to stores, among other things. I just think that the economy is fine just the way it is. ‘First come, first served’ is used by the companies that should be using it anyway, and ‘high bid wins’ is used exactly were it should be used. The economy is not perfect, but these two ‘quotes’ are being practiced by the companies that should be using them.
Does he who pays the piper call the tune in education? Think of it this way: If you pay a piper (a musician who plays the pipe) some money to play for you, you get to call the tune, or song, that the piper plays, or at least that was how it was back then. Does this happen in education? It happens sometimes. Let me explain. In an earlier essay, I wrote about tax-supported schools. In that essay, I wrote the following: “If the government pays the institution, they get to decide what is taught and what is not taught….public schools are tax-supported, so the government decides what is taught and what is not taught.” The government (the person who pays the piper) pays the public school system (the piper) to keep them in business, however, the government tells the school system what to teach and how to teach it. Does he who pays the piper call the tune in education? For the public school system, yes, but not for private schools or homeschoolers. Private schools and homeschoolers are not paid by the government, therefore they can teach whatever they want, not what the government tells them to. In my other essay, I also wrote: “Whereas private schools are not tax-supported, so they can teach whatever they want. They do not need to ask permission from the government to teach what they want to teach. That is why private schools are incredibly better than public schools. Although there is another solution, homeschooling.” I homeschool, and it is paradise (almost).
What does it mean to be tax-supported? First, what are taxes? According to Wikipedia, “A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer by a governmental organization in order to collectively fund government spending, public expenditures, or as a way to regulate and reduce negative externalities.” I think that being tax-supported means that an institution is supported by taxes that people pay.
Is a tax-supported school different in principle from a tax-supported church? In principle, there is no difference between tax-supported schools and churches. If the government pays the institution, they get to decide what is taught and what is not taught. My church is not tax-supported, and it is doing perfectly fine. The church does not need money from the government in order to stay there, it does fine without it. Also, public schools are tax-supported, so the government decides what is taught and what is not taught, and look at where that got them. If you are not public schooled, have you seen what kind of crap and garbage those schools are teaching? Whereas private schools are not tax-supported, so they can teach whatever they want. They do not need to ask permission from the government to teach what they want to teach. That is why private schools are incredibly better than public schools. Although there is another solution, homeschooling. You work from home, and all you need to pay for is the school. I have been homeschooling for all my life, and already I know that I am more mature than some people twice my age who went to public school all their life.
Note: This essay includes most of my successes in my life. This is meant to be read by a company who wants to hire me for a job. They can then see my main successes and see if they want to hire me for a job.
To begin with, my dad owns sixteen acres worth of land. Me and my family have several animals that live there, and we feed and water them every day. This is easy because our land is just down the road from where we live. My dad owns about forty sheep (I have not counted them recently), so I help him with putting up fences, separating boys and girls so that we can butcher the sheep, but we do not butcher them. However, we load them up into our van so we can take them to a butcher. I also own rabbits. I breed them and then I sell the babies. I have been doing this for several years now. My brothers own chickens and ducks, and we have a guard dog. There is always something new to do there.
Also, I am a part of a program called Trail Life. A form of Christ-centered boy scouts. At the point I wrote this essay, I am First Officer, the highest rank of anyone in my troop, Troop 13:20 (except for the adult leaders). In Trail Life I have learned to be an amazing leader, and numerous outdoors skills, like hiking, camping, and an amazing amount of other things that are good to have for anyone my age or older. You can look at the Trail Life website here.
Another important success in my life is I am two years ahead in my school. At the point I wrote this essay, I am home schooled, and I am in 10th grade, but I am doing 12th grade homework. I know more than most other kids my age. I am a student in the Ron Paul Curriculum.
I think that my #1 success in life is being a Christian. I have been a Christian from a very young age, and I have continued to grow farther and stronger in my faith since then. I have grown up in a Christian home, and nothing can make me renounce my faith.
Do I have what it takes to become an entrepreneur? First, lets take a look at what an entrepreneur is. According to the dictionary, an entrepreneur is “a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.” Now we know what an entrepreneur is, but how do you become one? According to Wix, ten easy steps to becoming an entrepreneur, “Find a business idea. Get to know your target audience. Test your idea. Use a business plan template. Create a website. Hire great partner(s)Build your network. Plan your finances. Develop a strong brand. Create value in your market.” There are other methods to becoming an entrepreneur, but this is just one of them. To get started, all you need is a great idea, and the money to make happen (or maybe you do not need money at all, depending on the idea). Being an entrepreneur could make you a lot of money, and if your idea is really good, you could become rich. Being an entrepreneur would be a good idea if you know what to do. So, looking at different ways to become an entrepreneur, I think that I have what it takes to become an entrepreneur, and I have tons of good ideas. I just need to put them into motion. Remember, anyone can be an entrepreneur, anyone, even you. So if you have a good idea, and you have money, put your idea into motion.
How does making a budget reduce impulse shopping? Now, some of you reading this may not know what budgeting is, so here is a reliable definition: according to Consumer.gov, “A budget is a plan you write down to decide how you will spend your money each month. A budget helps you make sure you will have enough money every month. Without a budget, you might run out of money before your next paycheck.” Budgets are extremely helpful if you have a job and you have to pay for different thing. Here is an example of a way to budget that some people might use: These people ,every month, cash in their paychecks and divide the cash into different piles for different things they need to pay for. They then put the different piles of money into different envelopes each labeled after the different pile of money put into it. For example, the pile of money labeled Bills goes into the Bills envelope, or the Groceries pile goes into the Groceries envelope, or the Savings pile goes into the Savings envelope. Some people do this, except online. I think that this type of budgeting woks best for me. Maybe one of these other forms of budgeting works best for you. Some other forms of budgeting are the zero-based budget, best for tracking consistent income and expenses; the pay-yourself-first budget, best for prioritizing savings and debt repayment; the envelope system budget (what I just explained to you), best for making your spending more disciplined; the 50/30/20 budget, best for categorizing “needs” over “wants”; and the no-budget budget, best for lowering and avoiding debt. You can chose the best way to budget for you depending on where you are in life.
What is impulse shopping? In my own words, I think that impulse shopping refers to buying something because you like it. According to Verywell Mind, “Impulse shopping involves buying items that a person was not planning to purchase.” Both of these definitions are true. For example, you could be at a store buying groceries, and then, all of a sudden, you see something that you like, and you end up buying it. You bought because you liked it, but you were not planning on buying it. That is impulse shopping.
How does making a budget reduce impulse shopping? What I think, is that a lot of people impulse shop, but what if you impulse shopped so much, that you did not have enough money for you bills that you have to pay for? If you budgeted (lets use my envelope example used earlier) and you put your money into the several different envelopes, when you go shopping, you know how much money you are able to spend. You may even have an envelope labeled Impulse Shopping, and that is the total amount of money you can use on impulse shopping, and that is fine. But if you budget, you have a better chance of resisting impulse shopping, which can quickly deprive us of our money.