Paced Decision Making Essay

865 words - 3 pages


I’ve been given 1,500 to spend on whatever I want or need. The problem is I’ve never had this amount of money before to use. I’m confused on whether I should save, spend or invest the money. I haven't had the first hand experience of investing and saving money. I want my money to be in good use but now I have to figure out which alternative is best for me.


My first alternative is to save. I have multiple choices on how I want to save my money. I am able to put it in the bank in multiple kinds of savings accounts, also use my own personal safe & save by reducing my money in certain areas. I’ll have more money to use when I need for emergencies. Meaning I can put my money in an emergency account and use it when I’m in need. I will also gain interest by doing that overtime. I can also use CD’s which gives me the opportunity to invest and reinvest my money which will make more money. Doing that will make my money grow faster.

My second alternative is to invest. I can put my money in a bond and the company will use my money and in return they will pay me back and with interest. I can put it in the stocks also and decide with the shareholders how we want they money spent. Eventually if the company blossoms I will get a share of the company. A mutual fund would be a combination of both a stock account and a bond. I can also put my money in a mutual fund and watch as the investment grows. Also if the company I’m investing in grows there will be more money for them and me. Also the company will acquire more employees which will decrease the unemployment rate and help the stock market and the economy.

My last alternative is to spend. I can spend my money multiple ways too. I can buy things I’ve always wanted. Put money down for retirement or donate to a charity. Im not sure what would be spending my money wisely. I’ve never had this amount of money before and I have to use it wisely. I can also spend the money on my family and give back to them. To get into specifics I would spend a portion of my money on clothes and food. Another portion on a car and buy my mom one too. I would remodel a part of our house too. By doing this the economy the economy will grow because the more I buy from stores the more money they make the more money...

Find Another Essay On Paced Decision Making

WGU is Breaking Down Barriers for Non-Traditional Students

805 words - 3 pages Have you always dreamed of getting a college education but felt that financial and time obligations are obstacles you couldn’t overcome? Educational financial obligations are getting more difficult to manage with the rise of tuition costs; making many universities and colleges unaffordable. In these fast paced times, many people struggle with balancing family and work obligations. Enrolling at a structured brick-and-mortar university doesn’t

The Ride Essay

873 words - 3 pages habits, it was just fast paced and fun times with friends. Never being at home added to an already stressful family environment. My high school education suffered from too much fun and too little studying. My father made being at home a very uneasy feeling, making me want to stay away even more. He never took any time to help me with school, car or money. I always had to work to earn everything, the only thing I wasn't paying for was rent. In

Emotions in Disguise

794 words - 4 pages journey conveys a limited time and desire to accomplish our goals and practice our passion. This song manifest’s a strong source of hope after the unexpected occurs and exposes the true beauty of simply being alive. “My life and the purpose is it all worth it/am I gonna turn out fine/fine oh you’ll turn out fine” (Grammer, 30-31) displays the decision making aspect that affect ones way of living and future altogether. Along with these decisions

Appex Corporation - Organizational Behavior & Design

1129 words - 5 pages teamsReduction on cooperationPoor skill/management matchesAug 89 ~ 80 Addition of Product TeamsOverlay of functional representatives for each key product Improved planningApplication of management vs. skill to products No system of authorityExtensive executive decision supportNo system of priorities between productsNov 89 ~ 100 $6.8M Addition of Business TeamsIntermediaries between product teams and corporate management Decision making authorityResource

A Career in Surgical Nursing

1728 words - 7 pages ; you want to ease any fears they may have. Assisting during the surgery can require passing instruments to the surgeon, making sure vitals are within normal limits, and also suctioning if need be. Alongside surgical nurses, there are circulating nurses who work more as a patrol officer. They walk around the room and make sure that everything stays within certain standards and most importantly continues to stay sterile. As a surgical nurse you

The Decline of Classic Standards for the Advancement of Modern Technology

916 words - 4 pages For the past few years, many educators around the United States have debated the decision of whether or not it is necessary to continue teaching cursive handwriting in elementary schools seeing as most classes are now being taught with computers. The decision left independently to each school, one may worry about the education of future generations and what effects may take place if classic standards are removed from the school system, replaced

Managerial accounting and financial accounting: Evaluate how ethics plays a vital role in accounting.

811 words - 3 pages to improve the effectiveness and efficiency of the organization by delivering better quality goods and services (Thompson, 2006).On the other hand, financial accountants are in charge of making financial statements for external decision makers. These decision makers include banks, suppliers, stockholders and government agencies that play a vital role in financing the company (Horngreen, Stratton, & Sundem, 2002).Since external users have

The Advantages of Video Games

1603 words - 6 pages ability to track multiple pieces of visual information and decrease reaction time. They also have worked with another researcher, Alexandre Pouget, and showed that fast-action games also decrease decision making time. Basically these games have so much going on all the time, that for someone not used to following and tracking so much information, it can be overwhelming. Gamers have no trouble keeping up with this information overload. The players

Employee Empowerment

1069 words - 4 pages from a traditional vertical organizational structure, they will ultimately fail. Organizations change their organizational structure by empowering their most valuable asset, their employees. "Empowerment is the oil that lubricates the exercise of learning (Kotelnikov, 2009)." This paper will describe the methods for preparing employees at all levels for shifts in individual and group decision-making responsibility that come with the flat

Drugs and Alcohol

1086 words - 4 pages is also a well-known fact that ancient tribes still use psychoactive drugs and drink homemade alcohol to enhance religious ceremonies. All of these examples point out that drugs have been around a long, long time, and no solution can possibly wipe out drug use totally. Before being capable of fighting the use of drugs and alchol, one must come to an understanding of why some people use drugs. The decision to ultimately use drugs is influenced

MBA Career

1188 words - 5 pages Abstract The purpose of this paper is to construct and support an argument on decision I made to pursue an MBA degree to further my career as a senior manager within the Pharmaceutical industry. The argument will be based on a “What’s My Jungian 16-Type Personality?” test and a general benefits analysis of postgraduate and specifically speaking MBA programs. The paper will evaluate on my personal score from the test. ENTP result describes

Similar Essays

Critical Thinking And Decision Making Essay

758 words - 3 pages process of making a decision for many is a disconcerting responsibility. While for others, making a decision is second nature. According to Browne et al., "Decisions are streams of choices. These streams contain bits of information, events, and choices (1998, p. 50)." The authors go on to state: "In the day to day business of organizational life, decision making is seldom the logical, rational, systematic process suggested by the management

Organizational Trends Essay

912 words - 4 pages behavior trends may include globalization, diverse workforce, organizational culture, work-related stress, technology, influence of ethics on decision making, team work, politics and power, conflict management and motivation. Trends in organizational behavior have a huge impact on organizations and their employees."Stress is tension from extraordinary demands, constraints, or opportunities in the organization".(Schermerhorn, Hunt, & Osborn, 2005

Leadership Style Essay

1033 words - 4 pages Leadership Essay, A.P.A 1000 word essay The leadership style combination between autocratic leadership and empowerment leadership would give the futuristic cutting edge per se, to create a diversified ultimate decision making policy. Autocratic leadership, which is a style that leaders who make decisions on their own without consulting employees enjoy and empowerment, which is a practice in which managers lead employees by sharing power

Critical Thinking And Decsion Making: Let It Pour Case Study Analysis.

1645 words - 7 pages World of Fast-Paced Change. Viewed on November 12, 2003. Retrieved from:, Sharon. Facilitating Collaborative Decision-Making in Six Steps.Viewed November 11, 2003. Retrieved from: