Management and Organizational Studies 2277A/B Lecture Notes - Lecture 6: Fidelity Investments, Day Trading, Cash Flow

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2277A/B
• Professor: Barry Hawn

Document Summary

What if money was no object: education for pleasure, travel the world. Compared to the rest of the world, were so insanely rich, we need to appreciate it and not squander the opportunity. Lets look at stats: to be in top 1% of income earners on planet, annual income of, 32,400 usd (40,000 can, 30,250 euro, 22,300 yuan, to be in top 1% of wealth (net worth, 770,000 usd. Us ranks 6th in global income but only 26th in global net worth: they spend too much, invest too little, constantly in debt, credit cards, cars, you need to put your money to work for you. You sacrifice things you want now, so that you can instead invest your money and watch it grow. We have so much wealth in this country. We just need to start being wise with our money and investing well which is so easy to do these days.