Finances and Personal Life

Finances and Personal Life

Growing up, my parents never sat me down and discussed finances with me. Finance is not a subject taught in school. For me, and many other Americans, finance is something learned through experience. A blog from the Huffington Post Education section shares one man’s opinion about this topic. Scott Gamm writes that learning personal finances is more important than many other subjects such as Calculus. All fields require for the person to handle their own finances.

I have been living on my own for years now. I had to pay my own bills, and still am paying my own bills. Anything that I know about money came from trial and error. I am 27-years-old and I’m just figuring this “money thing” out. Now, I think about how many credit card companies are out here targeting college students. They disguise selling their credit cards and debt as building credit. Although, having and using a credit card can build credit it is mostly used to build debt in young people. I know from personal experience because I had a credit card, and fell into the trap of its debt. Then, there are people interested in starting businesses that have no idea about finances. They end up going under due to their lack of financial education. I do not want to be that person. Therefore, I am glad to be in this course.

Business finance can be a scary subject. I am excited to be in this class to learn about essential pieces that come with being an entrepreneur. However, this is going to be a challenge for me. This course is my very first time seeing, analyzing, and understanding financial documents such as income statements and balance sheets. I am glad Full Sail University includes this course within the program. Financial competency is a necessary step to being a successful CEO. I also do not want to get ripped off by anyone due to my lack of knowledge.