https://padlet.com/tera_koupal/personal_finance Discussion Questions en-us 2016-09-27 14:24:54 UTC 2025-11-18 12:08:42 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Thunder.png tera_koupal https://padlet.com/tera_koupal/personal_finance/wish/126685987 Wally, a college senior, was given $10,000 by an aunt. Before she died, she told Wally to put the money to work and leave it alone, so that someday he could leave money to his heirs. Wally is pumped. He has two great ideas, both of which he learned about on late-night TV. One is to buy foreclosed properties. The other is to speculate in gold. The people on TV made a killing doing very little work. Their DVDs will tell him all he needs to know. He asks you which sounds better to you.

Give Wally 3-5 paragraphs of advice, using complete and educated sentences.]]> 2016-09-27 14:45:49 UTC https://padlet.com/tera_koupal/personal_finance/wish/126685987 https://padlet.com/tera_koupal/personal_finance/wish/127001151 I think you should invest your money in mutual funds. You are guaranteed more income because you are investing in multiple companies. therefore those companies will ether go up or down, and your investments more diversified so when one goes down some go up. 

do not invest in the real estate because high risk of bankruptcy. plus they are under foreclose and you don't know the living condition. It may be bad and you end up having to invest more money than you already have.  


The gold rush was along time ago. so today gold is not as popular and its a very bad investment. its also a high risk investment because you have to predict the price and it can either go up or down. its also a single stock investment so you either make money or break it.]]> 2016-09-28 15:20:56 UTC https://padlet.com/tera_koupal/personal_finance/wish/127001151 https://padlet.com/tera_koupal/personal_finance/wish/127001472 Investing in foreclosed properties would be better than to invest in gold. Gold has very little to no value right now since we don't use it for transactions. You  could make a some to a lot of money by investing in properties and retail them to the highest seller.  

Diversify your money by purchasing different properties across places so that you won't lose investments in one place. I would recommend using the baby steps so that it will help improve your investments and your money.  I'd start a mutual funds so that managers can watch and help you sell and invest in properties. 

Your aunt was/is right about making and establishing a long term investment in something useful so that you'll be set up for life. I'd invest in foreclosed properties and sell them when they get buyers that have offers. Invest both of them and leave them alone for five to ten years.



]]> 2016-09-28 15:21:39 UTC https://padlet.com/tera_koupal/personal_finance/wish/127001472 https://padlet.com/tera_koupal/personal_finance/wish/127001509        Wally, I think investing in either of the two would be a bad choice. Investing in gold is very risky and so is buying foreclosed properties. Instead follow the baby steps. You can build up that money the safe way by investing in either a Roth IRA or 401(k).
       To speculate in gold is just a very risky and quick way for someone to get cash. There is a downsides to going into the gold business. You could either get rich or lose everything you have. 
Investing in either a Roth IRA or 401 (K) is the best thing you can do. It is the safest, and less stressful than your other two ideas. This way you have money in case you need it or for your kids if they need it.



]]> 2016-09-28 15:21:44 UTC https://padlet.com/tera_koupal/personal_finance/wish/127001509 https://padlet.com/tera_koupal/personal_finance/wish/127001510       Wally, I think investing in foreclosed properties would be a better option than speculating in gold. Investing in gold can be very risky and it will not make you as much money as investing in properties. 10,000 dollars is a lot of money to just do nothing with so it's good to use that for investing.
       Investing money in property is smart because you can control the value of the property. It is also a very non liquidity investment. This means you can't get to your money very easily. 
You should also use mutual funds if possible with some of the money you have. Do not invest in gold because gold has little value. Also you should make sure you have covered the seven baby steps before you invest.
       
     

]]> 2016-09-28 15:21:44 UTC https://padlet.com/tera_koupal/personal_finance/wish/127001510 https://padlet.com/tera_koupal/personal_finance/wish/127001537 I think Wally should invest in mutual funds until he can make enough to start investing in foreclosed properties. If he tried to invest in gold then he would lose all his money because gold doesn't have that much value (what are people going to do with it anyway?) and if he speculated on gold and he didn't get what he hoped for then he would lose all his money. But if he really wants to start investing his money right away then I think he should invest in foreclosed properties because you can turn that $10,000 into $100,000 if you can fix up a messed up house and turn it into a nice house. ]]> 2016-09-28 15:21:47 UTC https://padlet.com/tera_koupal/personal_finance/wish/127001537 https://padlet.com/tera_koupal/personal_finance/wish/127002152 You should buy foreclosed properties since you have the money up front and if you pay in cash can most likely get the property cheaper. Also gold get just at 6%, that means you are barely making any money. So buying properties is the better option. Mutual Funds are also a good thing to do. If you want a low risk, garenteed profit you should look into mutual funds.  ]]> 2016-09-28 15:22:59 UTC https://padlet.com/tera_koupal/personal_finance/wish/127002152 https://padlet.com/tera_koupal/personal_finance/wish/127003088 I think that Wally should not invest his money into any of that because he could use that money for something else more important. 

To start out, he could do the baby steps of setting up an emergency fund, paying off debts, and start saving on it, instead of blowing his money all at once. Once he gets everything settled financially, then he could start thinking about doing something else with his money. 

A reason for doing the baby steps first is for emergencies because anything can happen and when and if it does, he will be prepared for it...if he gets enough money saved up, the can invest in all of that.

If he was not to plan before, he could go broke and go way into debt and all would go back and there would be no more money.

]]> 2016-09-28 15:24:59 UTC https://padlet.com/tera_koupal/personal_finance/wish/127003088 https://padlet.com/tera_koupal/personal_finance/wish/127003397     I believe that you should invest in a foreclosed properties. Investing in gold can be very risky for a lot of reasons to make money on gold as an investment. You would first have to predict the price will be and if you fail at that you could lose everything. But as for foreclosed properties you can buy them and do many things or options with them. 
    When you invest in a property it can be very beneficial because you have control over what the value may be on the property that you own. you can sell the property for more then what you had originally purchased it for. Depending on how you work what you put your money into you can make a lot of money if you sell and buy property right.
     If being an option a mutual fund is very  good for some of your money that you may have over. there can be many diversified options with you money instead of a main focus. Walley should also fallow the baby steps and keep them in mind when it comes to his money. Overall Walley should not invest in gold because it can be very risky with a low value rate. ]]> 2016-09-28 15:25:35 UTC https://padlet.com/tera_koupal/personal_finance/wish/127003397 https://padlet.com/tera_koupal/personal_finance/wish/127003488 Malory
I think that he should listen to his aunt because  he might use his money for college or a job that he might have in the future. And wally could also buy food and clothes when he needs them. Wally could also use the idea that he learned about on the late -night TV  and he could also try to speculate in the gold that he has from his aunt before she died and gave him the advise.  And wally could watch the DVDS  so he knows what he could with his money in the future if he needs it for something.


]]> 2016-09-28 15:25:47 UTC https://padlet.com/tera_koupal/personal_finance/wish/127003488 https://padlet.com/tera_koupal/personal_finance/wish/127004306 Wally should consider following the Baby Steps. Neither gold or foreclosed properties are the best choice. Wally has a good opportunity to make a solid investment.
 I would advise Wally to invest in a Roth IRA or a 401 K. Gold averages about a 5% interest rate which doesn't cover inflation and taxes. Roth IRA's can average about a 12% interest rate. Both a Roth IRA and 401 K have compound interest which will make more money than gold or buying foreclosed properties.
Just because the people on the TV made a quick buck doesn't mean you can do it still, they are bigger risks than investing in a Roth IRA or 401 K. The compound interest will help make more money for Wally so he can give some to his heirs.]]> 2016-09-28 15:27:26 UTC https://padlet.com/tera_koupal/personal_finance/wish/127004306 https://padlet.com/tera_koupal/personal_finance/wish/127005379 Wally, first off gold is one of the least liquid investments there is. Do not invest in gold. You should just save your money and put it away. Gold is a really high risk investment also.

That being said you should take out 1,000 dollars and put it into your emergency fund. You should save for your life after college because you are a senior. Maybe get an apartment or a cheap used car. Do not waste your money on unnecessary things. Make sure you make smart choices with your money and don't go into debt or waste it all, when maybe you will need it later.


Your aunt had told you to leave it alone so you probably should do what she wanted. I really think she would not want you wasting your money on something you saw on late-night TV. Spend your money on needs not wants and do not make poor investments because you are a young man who has a future to look forward to. Don't blow all your money.]]> 2016-09-28 15:29:52 UTC https://padlet.com/tera_koupal/personal_finance/wish/127005379 https://padlet.com/tera_koupal/personal_finance/wish/127005581 First,  I would recommend that you don't listen to someone on TV. If you have to make a choice out of the two, I say the buying foreclosed properties would be the better route. If you speculate in gold, that is a very high risk trying to predict exactly what will happen with the gold. Your aunt implied that she wanted you to make a long term investment. Buying the foreclosed properties will be a longer investment to leave a little wealth to your heirs.

If you invest in property your money would not be very liquid and you wont be able to get your money out to make purchases. Also, down the road you can update your property to increase the value. If you really want to, you could rent out the property and get a steady income monthly from it. But i strongly recommend that you, build up your property, increase the value, and sell it at a good price and put that money away for inheritance, like your aunt willed. 

Now, if you went the other route and speculated in gold, that would potentially end up costing you money instead of making you money. It will be very difficult to making money unless you have a 6th sense for the value of gold. Statistics prove that gold averages at only 6%, that isn't even keeping up with taxes and inflamination. So, go with the foreclosed properties. It is a better and smarter long term investment. ]]> 2016-09-28 15:30:19 UTC https://padlet.com/tera_koupal/personal_finance/wish/127005581 https://padlet.com/tera_koupal/personal_finance/wish/127008263 I would consider Wally should follow the baby steps. He should not invest in gold or foreclosed properties because it is not the best choice to recommend. I would would recommend wally to invest in a Roth IRA or a 401(K). Therefore, gold has a interest rate less than a single stock and a mutual fund so that would not be a good choice and gold does not cover inflation and taxes. Roth IRA is 12% and 401(K)has 6% interest rate. These both can make you more money to because they have compound interest. But make sure you follow the baby steps such as; put 1000 in his emergency fund, pay off debt with the debt snowball, 3-6 months expensive, 15% in Roth IRAs, college funding, pay off home , build wealth and give Koupal some money ]]> 2016-09-28 15:36:53 UTC https://padlet.com/tera_koupal/personal_finance/wish/127008263 https://padlet.com/tera_koupal/personal_finance/wish/127009592 I think he should put that money in mutual fund  because he will all ways gain money. And later down the road he will have lot more money it might take more time its wroth the wait because in the end you will have more more money. 

]]> 2016-09-28 15:40:16 UTC https://padlet.com/tera_koupal/personal_finance/wish/127009592 https://padlet.com/tera_koupal/personal_finance/wish/127539384
He should put 500 to 1000 dollars for an emergency fund the put it into a mutual fund so that it could help him through college ]]> 2016-09-30 14:32:23 UTC https://padlet.com/tera_koupal/personal_finance/wish/127539384 https://padlet.com/tera_koupal/personal_finance/wish/128000942 I would recommend the baby steps to Wally about saving his money for a bright future. He should save his money for the purposes in their lifetime so he could save enough for his family. Among having money troubles, he can usually save enough to have for himself and others around him. 

Throughout Wall's life issues that he can make a difference with his money that he can do a lot more better with his life. Many opportunities can change Wall'y lifestyle from any other disadvantage that come towards his life and might affect his life. With saving money for his own bills and having money for his elders that have having money troubles throughout their own troubled minds. 

Wally cant take a alternative route by not investing gold by how much gold can do to you and your future. By how much time people save their by working. Wally can save 5,000 for other things and the other 5,000 for important stuff that involves social life. By saving enough money, he can achieve his very life goals by how work he had done.

]]> 2016-10-03 19:40:18 UTC https://padlet.com/tera_koupal/personal_finance/wish/128000942 https://padlet.com/tera_koupal/personal_finance/wish/128002321 Wally should put 1,000 dollars of that into and emergency fund then have it help pay off some of his debt. if he already has all of his debt paid for he should put 3-6 months of money into an emergency. 

then he can invest it into mutual funds and not into gold because gold will not help make any of your money back but if you put it into a mutual fund then you will make interest then you will have more than 10,000 dollars to put into more mutual funds making you more money and being financially stable 

once he has his money in a mutual fund then he will be able to  live of the interest. then you should help people any way possible because the only way to get money is to give money.  ]]> 2016-10-03 19:46:11 UTC https://padlet.com/tera_koupal/personal_finance/wish/128002321 https://padlet.com/tera_koupal/personal_finance/wish/128004626 I recommend Wally using baby steps by how much he had save from someone passing away. Wally can not invest in gold, because by how much people can save by gold by finding it in deep places. Many people can save their money for their own purposes that money can help them through their pastime. 

Also I highly recommend towards Wally that he should not trust a bank by holding so much money by just saving it for himself. Although Wally can invest for himself, but by the chances by afar that he could really get in trouble by doing that. The meaning of saving money that Wally can save it by how much he puts away and how it can be put away carefully and protective from anyone else. 


]]> 2016-10-03 19:57:21 UTC https://padlet.com/tera_koupal/personal_finance/wish/128004626 https://padlet.com/tera_koupal/personal_finance/wish/128201532 I would tell wally to just put all of it in his savings. Then on a day Wally aint busy i would tell him to go to the bank and withdraw the money. I would put the money that was in the bank in a mutual fund.

Gold is a bad investment. Single stock is a risky choice. And typically you shouldn't invest in things that are on late night TV. 

Wally could go leave it in his savings but build no interest. He could invest in a car. He could maybe buy a nice cheap apartment.]]> 2016-10-04 14:59:32 UTC https://padlet.com/tera_koupal/personal_finance/wish/128201532 https://padlet.com/tera_koupal/personal_finance/wish/130872117 The first thing is to not believe everything you hear on tv. But I think that buying the foreclosed properties would be the best option. Gold has a very high risk and it is hard to predict what will happen with gold. 

If you invest in property your money will not be so liquid and you can't withdraw your money to spend recklessly. If you invest in these properties than you can later update to increase the value of it. You could also rent the property out and make an income that way. 

If you ended up investing in gold then you would most likely would have to owe money instead of receiving money. So, the foreclosed properties would be the best option. It is a smarter and long term investment.  ]]> 2016-10-14 19:56:36 UTC https://padlet.com/tera_koupal/personal_finance/wish/130872117