Free Essays on Cause Of Slavery

Cause of Slavery Slavery was caused by economic factors of the English settlers in the late 17th century. Colonists continually tried to allure laborers to the colony. The head right system was to give the indentured servant, a method of becoming independent after a number of years of service. Slavery was caused by economic reasons. Colonists chiefly relied on Indentured Servitude, in order to facilitate their need for labor. The decreasing population combined with a need for a labor force, led colonists to believe that African slaves were the most efficient way to acquire a labor force that would satisfy their needs. Before the 1680's, Indentured Servitude was the primary source of labor in the newly developed colonies. After the 1680's, the population of the Indentured Servants decreased, exponentially. Their were a number of different reasons why the population of indentured servants had decreased. The indentured servants were running away from their temporary masters, to find a job where he could become more independent. Indentured servants were also dying of many diseases, which were caused by harsh conditions. The immigration of servants thus declined, because of the people in England being informed of the harsh treatment in the colonies. The society was where the land was easy to find, while the labor was most scarce. Indentured servitude was a form of labor that was declining, and the need for labor increased rapidly. In the 1600's, when John Rolfe founded tobacco, tobacco became the main source of income for most of the colonists. The economic prosperity of the colonies was primarily dependent on the amount of tobacco produced. The growing of tobacco needed a large amount of land, with a large stable work force. The increased demand for a large, stable work force combined with the availability of African slaves, led to the use of slavery in the colonies. During the late 17th century, the indentured servants ... Free Essays on Cause Of Slavery Free Essays on Cause Of Slavery Cause of Slavery Slavery was caused by economic factors of the English settlers in the late 17th century. Colonists continually tried to allure laborers to the colony. The head right system was to give the indentured servant, a method of becoming independent after a number of years of service. Slavery was caused by economic reasons. Colonists chiefly relied on Indentured Servitude, in order to facilitate their need for labor. The decreasing population combined with a need for a labor force, led colonists to believe that African slaves were the most efficient way to acquire a labor force that would satisfy their needs. Before the 1680's, Indentured Servitude was the primary source of labor in the newly developed colonies. After the 1680's, the population of the Indentured Servants decreased, exponentially. Their were a number of different reasons why the population of indentured servants had decreased. The indentured servants were running away from their temporary masters, to find a job where he could become more independent. Indentured servants were also dying of many diseases, which were caused by harsh conditions. The immigration of servants thus declined, because of the people in England being informed of the harsh treatment in the colonies. The society was where the land was easy to find, while the labor was most scarce. Indentured servitude was a form of labor that was declining, and the need for labor increased rapidly. In the 1600's, when John Rolfe founded tobacco, tobacco became the main source of income for most of the colonists. The economic prosperity of the colonies was primarily dependent on the amount of tobacco produced. The growing of tobacco needed a large amount of land, with a large stable work force. The increased demand for a large, stable work force combined with the availability of African slaves, led to the use of slavery in the colonies. During the late 17th century, the indentured servants ...

Setting Writing Targets

Setting Writing Targets Setting Writing Targets Setting Writing Targets By Ali Hale When you’re working on a big, long-term writing goal – perhaps becoming a published novelist, or making a living from your writing – it’s easy to get discouraged or distracted along the way. Sometimes the gulf between where you are with your writing and where you want to be can seem like an impassable chasm. This is where it helps to set smaller, specific writing targets: ones that you know you can meet, and which will take you step-by-step towards your eventual goals. 1. Work out your priority for the year In 2007, I was focusing on short stories: my target was to write at least two every month and submit them to competitions or publications. I ended the year with over twenty five finished short stories. It’s usually not a good idea to split your focus between several projects. If you write around a job or family life, pick your one priority for the year: whether it’s finally getting around to writing that novel you’ve been planning, building up a collection of poetry, posting regularly on your blog, or polishing up your business writing skills. 2. Set realistic targets for yourself In my case, I could manage two complete short stories per month whilst working full time – it was a bit of a stretch some months, but achievable. If I’d tried to write a short story every week, I’d have given up before January was over. Try not to give yourself a target that relies on outside forces: aiming to have something published every month is laudable, but it’s influenced as much by the whims of editors as by your own writing abilities. Some good targets could be: Writing 500 words of your novel every day. Writing a poem every Saturday. Posting a new entry on your blog three times a week. Reading two chapters of a book on writing every week, and trying out some exercises. 3. Keep track of how you’re doing When you have daily or weekly targets, keeping a visual record of progress can be very motivating! How about putting a tick or gold star on the calendar for every day that you meet your goal, or keeping a wall chart of word-count progress by your desk? If you prefer a more high-tech approach, Joe’s Goals is an easy way to keep track of how you’re getting on. You might also find scheduling writing sessions in task management software such as Remember the Milk helps – sometimes, our brains work well with a deadline. 4. Assess whether meeting your targets is getting you closer to your goals It’s great to be ticking off those four completed poems every month, or those three blog posts each week – but after a few months, take a good look at whether meeting your targets is actually taking you closer to your goals. If you’re trying to win writing competitions, are you getting short-listed yet? If you want more readers for your blog, have visitor numbers risen? If your aim is to improve your writing skills, are readers commenting more favourably on your work? Sometimes, you might need to revise your targets in order to make faster progress towards your goals: your target of four poems each month might be too ambitious if you’re rushing them and producing sub-standard work, and you might reach your goal of a competition win sooner if you instead just wrote one great poem each month. Do you have big, long-term goals or dreams for your writing? What smaller targets are you setting yourself on a daily, weekly or monthly basis to help you reach these? Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Writing Basics category, check our popular posts, or choose a related post below:75 Synonyms for â€Å"Angry†Homonyms, Homophones, Homographs and HeteronymsGrammar Review #1: Particles and Phrasal Verbs

Chinese History Essay Example | Topics and Well Written Essays - 1500 words

Chinese History - Essay Example Chinese semi-colonialism was viewed as both a historical moment mainly specified in relation to European and more generally international capitalist political, economic, and cultural projects in the modern era and as a trope for domination, violation, and resistance. Dominance in semi-colonial China was doubly articulated. It stood, on the one hand, for imperialism’s power to limit the sovereignty of the Chinese state and, thereby, advance its own interests. On the other hand, it stood for the power exercised by the indigenous elite over the productive classes. Violation was inherent in both of these forms of dominance since they came to be articulated along similar ideological lines in early twentieth century. Another cause for violation was caused by lack of hegemony. The lack of hegemony is the most understandable and obvious in the case of imperialism, since its formal power was limited and partial. Indeed, the Chinese semicolonialism was treated as a political and concept which denoted a constellation of interventions, institutions, practices, and policies through which foreign imperialists had to establish beneficial positions and semiautonomous operations. They had no interest of ruling but to explore the country economically. The established positions ranged from aggression and equal treaties to spheres of influence and semicolonial agencies like the customs bureau. The result was something more than a mere advantageous position, especially in certain sectors of the economy. By the end of 1920, foreigners had taken control of 99 percent if Chinese iron ore, 76 percent of the coal, 92 percent of the railways, and 73 percent of the steam tonnage on the Yangzi. Despite the disintegrating effects of semicolonialism, it led to the rise of several objective conditions and created more room for developing its capitalist production. The destruction of the Chinese natural economy gave rise to commodity market for

Apple Research Paper Example | Topics and Well Written Essays - 1000 words

Apple - Research Paper Example It states that the company has done a very good job of marketing its sustainability efforts in order to increase the brand value of the company. Another good aspect about the firm’s sustainability efforts is that Apple has been an early adopter of new sustainability technology. Article 3: Sustainability Faceoff: Microsoft vs. Apple URL: http://www.fastcompany.com/1650270/sustainability-faceoff-microsoft-vs-apple The article provides a comparison of the sustainability efforts of Apple and Microsoft. Overall the author believes that the sustainability efforts of Microsoft are better, but he does mention a lot of good things that Apple is doing in terms of sustainability actions. â€Å"The company claims that the new iMac and MacBook computers are already free of the toxic substances.† (Schwartz, 2010). Article 4: Responsible Supply Chain Leadership: Should Apple Just Do It? URL: http://www.sustainablebrands.com/news_and_views/mar2012/responsible-supply-chain-leadership-sh ould-apple-just-do-it The author of this article discusses the steps that Apple has taken since 2005 to improve its sustainability program. In 2005 the company established a code of conduct outlining expectations for suppliers. During the next five years the company took steps to enforce compliance of its supply chain responsibilities, it incorporated an internal control system, and established worker empowerment training. Article 5: Apple Inc. Making Progress on Sustainability In China, Though Workers and the Environment Still Deserve Better URL: http://www.joshuawickerham.com/2011/10/11/apple-update/ The article focuses on Apple’s sustainability efforts from the perspective of the importance of establishing good stakeholder relationships, social causes, and environmental efforts. One of the good things about the sustainability efforts of the company is that Apple integrates them into its production processes. The company has improved a lot its sustainability program in the People’s Republic of China. Article 6: Apple: Sustainability, Child Labor, Bribes and Suicide URL: http://www.caelusgreenroom.com/2011/02/15/apple-sustainability-child-labor-bribes-and-suicide/ The purpose of this article is to discuss the results of Apple’s 2011 progress report for Apple supplier sustainability. â€Å"The report offers several examples of Apple improving worker conditions, employer practices, material sourcing, and other changes in its supply chain, including a 24.5% increase in the number of independent audits on work sites in that chain.† (Caelusgreenroom, 2011). The firm has increased the number of sustainability audits to 102 per year. Part II: Company’ efforts to improve/promote environmental sustainability Apple is truly committed towards the use of sustainability practices into its operations. The company has done a lot of good things to improve its sustainability program. The firm incorporates sustainability throughout its entire supply chain. â€Å"We've learned that about 98 percent of Apple’s carbon footprint is directly related to our  products. The remaining 2 percent is related to our facilities† (Apple, 2012). The company applies sustainability in its transportation efforts. The company designs products with less material, ships with smaller packages, and they are free of toxic

Meaning Of a Family Essay Example for Free

Meaning Of a Family Essay Everyone has their own meaning of a family. However, all families share some common characteristics that are outlined in a family definition essay. As per the dictionary definition of a family, all its members live in a common house and are linked together with each other economically. All family members are also emotionally linked and have a strong bond. A family consists of adults of both the sexes who are married to each other and have children. A family definition essay must highlight these aspects in an interesting manner and describe each element or constituent of a family. On Getting Family Essay Ideas There are several aspects to a family, such as the intricacies of relations, values, and the love and affection amongst its members. Hence, family essay ideas are also numerous; choices include education, jobs, house work, and the responsibilities and duties of each member. So, to get more interesting family essay ideas and top-quality content for the same, you can seek the expert help of professional writers and writing companies. Custom writing agencies have subject experts who offer guidance in choosing and writing effective essays for all your requirements. Choosing Family Essay Topics Several types of families exist in our society. So, there is ample choice when it comes to writing essays on issues associated with each type of family structure. Family essay topics can cover the family structure, organization, responsibilities and the bond shared among family members. Writing about the family can be an intricate task, which calls for the need of expert help. Professional writers with expertise in different essay writing styles, formats and subjects can help simplify the task of selecting family essay topics and make them more relevant. Writing Essay about Family Writing an essay about family can be a touching experience; albeit a daunting one, as the writer has to effectively express his/her feelings for the family members. The essay about family can focus on instances that depict the family’s togetherness and the bond between its members. One can also write about the family’s contribution during difficult times. For expert help on essay writing in varied subjects, help is right at hand with professional writing services. Companies like BookwormLab.com have a team of specialists to write on a variety of subjects in the most authoritative manner. And you shouldn’t break their heart. From one hand it’s great to be the only child in a family but in some cases it’s not. On the plus side parents always ready to help you but on the contrary when there is too much care it seems not to be good, because you cannot show your independence, do something yourself. Also you can feel lonely and bored. But your parents often do whatever their child want and if it’s necessary they help you and warn. They always spend their time doing something together with child to make him happy or teach something. And you have to appreciate their care and love. Because nobody except them love you so much and know a lot about you. As for me, I am the only child in family. And sometimes I think about how will I live if I have a sister or brother. Sometimes it is so boring to be at home along. I think about my parents, that all my childhood they helped me and did everything for me. But it doesn’t mean that I’m the main person in my family. Family it’s also our grandmothers, grandfathers, aunts, uncles. And the family tree has a long history of generations that sometimes are so ancient that we cannot remember the member of it, the name and occupation. And of coarse we know about our forefathers from our grandparents. As for me it’s really interesting to know who lived before me. And when I begin to ask my parents about forefathers I find for myself a lot of interesting things. For example some features of character which I have or part of appearance. But it’s a pity that I know not a lot of people in my family branch.

Organization and Administration of Higher Education :: Education Essays

Organization and Administration of Higher Education General Objectives: The purpose of this course is to provide an overview of the administration of institutions of higher education. The course is concerned with providing basic information about major administrative units in institutions of higher education, philosophical and theoretical foundations of administration, and current issues faced by administrators. An important feature of this course is to explore issues of leadership and accountability in post secondary education. Specific Objectives: Following are the specific objectives of the course: 1. To orient and familiarize students with the philosophy and administrative organization of institutions of higher education. 2. To examine specific administrative units of institutions of higher education. 3. To identify leadership skills necessary for those who contemplate a career as an administrator in colleges or universities. 4. To examine current issues faced by college and university administrators. 5. To provide students with an opportunity to study one or more administrative units in detail. 6. To improve writing and reporting skills. Accommodations. Students in need of a specific accommodation under Section 504 of the Rehabilitation Act of 1973 or the Americans with Disabilities Act of 1990, please contact the instructor privately. Every attempt will be made to provide reasonable accommodations for such students. Readings will be assigned from Internet resources. Students must have access to the World Wide Web to be successful in this course. The WWW is available in the departmental computer lab, the college of education computer lab, and the Parks library. Sequence of Instruction Date Course Topic January 14 Organization of the Course January 21 Holiday January 28 Overview of Higher Education February 4 Institutional mission, Carnegie classification system, accreditation, HBCU’s. February 11 Strategic Planning February 18 Governing Boards and The Presidency--Abstracts due February 25 The Faculty March 4 Mid Term Examination March 11 The Curriculum March 18 Spring Break March 25 Managing Financial Resources April 1 Student Affairs April 8 Measuring Quality-- Papers due April 15 Student Reports April 22 Student Reports April 29 Student Reports May 6 Final Examination Evaluation 1. Each student will submit abstracts of 20 articles or chapters that pertain to the general subject matter on 4x6 cards. Please use no more than one card per abstract. The summary should include the title of the piece (APA Style Manual, either 4th or 5th edition), a brief summary of the purpose of the citation including its contents and conclusions, if any.

The Six Features of Academic Style

It therefore has fewer words that refer to the writer or the reader. This means that the main emphasis should be on the information that you want to give and the arguments you want to ake, rather than you. Your arguments should also show balance and both sides of . he issue. Explicitness Academic writing is explicit about the relationships int he text. Furthermore, it is the responsibility of the writer in English to make it clear to the reader how the various parts of the text are related. These connections can be made explicit by the use of different signalling words. (PEE Point, example, empirical evidence. ) Hedging In any kind of academic writing you do, it is necessary to make decisions about your tance on a particular subject, or the strength of the claims you are making.Different subjects prefer to do this in different ways. Using verbs such as might/may/could and reporting verbs gives extra detail/protection of your position. Responsibility In academic writing you must be re sponsible for, and must be able to provide evidence and Justification for, any claims you make. You are also responsible for demonstrating an understanding of any source texts you use. The Six Features of Academic Style By SapphireP

Critical Analysis of the poem “Breaking Through” Essay

The poem Breaking Through written by Myrna Peňa-Reyes is very profound in terms of its appeal to the reader. The poem is all about the filial relationship between a son/daughter and a father. The poem basically revolves around the father and his son/daughter. The plot of the poem tells the reader that a certain persona in the first stanza  receives a parcel that came during that morning. The persona lamely opened the small box and it takes for him/her a short labor to undo the tie. Although the box is just small, it is being tied skillfully and very well. It is not stated in the first stanza where the package does came from but lately, it is being mentioned that it’s from the persona’s father. The package box came all the way across 10, 000 miles of ocean. While opening the box, the persona can feel the love of his/her father that binds them together. Breaking Through if examined could be the literal meaning of breaking through or the undoing of the strong thread of two or three strands that are being twisted together tied around the package box received by the persona from his/her father. The title its self could be the connotation of the applied effort of a certain persona in the poem in executing a little labor by untying the box. This effort of the persona in the poem is very present from line 1 to 7 of the first stanza. It says that, â€Å"Haltingly I undo the knots around your parcel that came this morning. A small box should require little labor, but you’ve always been thorough, tying things tight and well. The twine lengthens, curls beside the box.† The title Breaking Through is the metaphorical representation of the filial devotion of the persona to his/her father. The title could be the denotation of the persona in the poem of the lessons that he/she had learned from his/her father. It could also mean â€Å"love† as supported from the last two lines of the second stanza. The line say that â€Å"my father, this undoing is what binds us.† Although it’s not directly mentioned that love is the breaking through, it is showed indirectly through subliminal meaning of the phrase â€Å"this undoing is what binds us.† What makes the father and the persona bind? The clear and not vague answer is love, nothing more. The author also used symbols in the poem. The first symbol is the box. As an assertion, the box highly symbolizes the love of the father to the persona that is being away from him. It is distant because the author mentioned in the last lines of the first stanza. It says that the package box came across 10, 000 miles of ocean. The box also represents the longing of the father to  his son/daughter that is away from him for a long time. Through the box, the father extends his warm filial love to his son/daughter. The knots around the parcel also represents that the father’s love is true and fair to the persona. The love that is true and fair can be supported by lines from 6-7 of stanza 1 that says â€Å"but you’ve always been thorough, tying things tight and well. The twine lengthens† and lines from 11-12 of stanza 1 that says â€Å"you hoped the package would hold its shape across 10, 000 miles of ocean.† In those lines, the father of the persona tied the knots thoroughly to keep the package in its original shape from the father’s home until it reaches the persona’s hand. It only signifies that he wanted that his best regards and love would remain in tact after journeying across 10, 000 miles across the ocean. The knots also symbolized of how patient the persona’s father, it definitely reflects the he tied the box. In the poem, there is a mention of belt in the 10th line of first stanza. It says, â€Å"once your belt slapped sharply against my skin,† it is being enclosed in the parenthesis for further emphasis. The belt that the author projects in line 10 only symbolizes that the persona’s father is a man of discipline. He slaps the persona sometime in his/her childhood to discipline him/her. Through the belt, it shaped the persona for he/she no. through the father’s slapping, the persona learned things between bad and good, and right or wrong. The belt also symbolizes display or the manifestation of power. It only shows that during childhood of the persona, he/she exists in the patriarchal world. Indeed, during the persona’s childhood, he/she exists in te patriarchal society for he/she experienced being beaten by the father. Not using the scissors in cutting could also mean a lot in the poem. As an assertion, the persona did not use the scissors to unravel the tight knots of the box because the persona wanted to savor the moment of unraveling with love. If the person uses the scissors, it will project that the persona is non-appreciative of the love of the father. Not using the scissors could also mean that the persona prolonged the excitement by opening it very lamely. It also means that the persona had learned the craft of patience from his/her father. The author had also left its readers the dramatic impact by not revealing what is inside the box. It poses questions of what is inside the box. Is it a food? Books? Dress? Bag or anything that is liquid? The reader can’t figure out for its not revealed. A strong assertion is that, no matter what’s inside the box, it surely resembles the love of the father to the persona of the poem. In a contemporary setting, if the author is mentioning about across 10, 000 miles of oceans, the first that comes into the mind of the reader is that, the persona is situated abroad or in states. If being assumed that the father is in Philippines, maybe the persona is in West Asia, America, Europe, Australia and others. The reader does not also know if the persona is working abroad, married, touring and etc. because it’s not directly stated. What is very vivid in the context is that they are away from each other and they haven’t seen each other for a long period of time. The tone of the poem is about longing and sadness. In the first part of the poem, the persona undoes the box haltingly. Haltingly in other words could mean lamely. In this thought alone, an assertion came in that the persona is sad because it made him/her feel home sick as the box arrives. The tone of longing could also be sensed. As the persona is undoing the knots of the box, the persona reminisce his/her father-his teaching, disciplinary actions and love. Through the presence of the box, the persona can imagine his/her home that heightened his/her sadness and longing. Characterization of the father in the poem is also very effective. In the context, the father is portrayed as caring for he sends the persona a package box although its very far. Unlike other father figure, the father in the poem is very mild-not ruthless and cruel. Though there is a use of belt slapping in the poem, it is being done to discipline his child. The father did do it for a good purpose, for the benefit of the child when he/she grew up but not in the abusive manner. The father figure in here is perhaps a gentle and amiable father. The author also used strong images to convey the meaning of the poem. The delivery is very suggestive images like the undoing of the box; the scene is very vivid and understandable. Through this clear description, it brought the reader the catharsis of emotions or eliminating its complexity, the author effectively carried out the essence and meaning of the poem. In terms of form and structure, the author unconsciously celebrated the form over the content. Like T. S. Eliot, she has done it for she chose to write in free verse or blank verse. She does not follow rhymes and meters, what she did is the total deviation of the traditional metered poems. The style is very contemporary, or maybe it belongs to the Romantics. In general, the Breaking Through is a superb poem. It tackles a rarely touched theme in poetry, filial love. Through this theme, it makes the poem unique and notable.

Unprofessional conduct essays

Unprofessional conduct essays Unprofessional Conduct according to the Arkansas State Board of Nursing is detailed in ASBN Rules and Regulations, Chapter 7, Section XV, #6. The section states the following conduct are considered unprofessional. Failing to assess, evaluate, and intervene, Incorrect documentation, Missappropriation of residents property, Medication and Treatment errors, Performing or attempting to perform procedures that the nurse is untrained to do, Violating confidentiality. Neglect/Abuse or failure to report these incidents, Failing to report violations or attempted violations to the ASBN, Inappropriate delegation of duties, Failing to supervise, Practicing when unfit. To report alleged violations to the ASBN. The person reporting must put the complaint in writing and send to the ASBN. Anyone can report violations to the ASBN but Nurses are obligated to report to the ASBN. When reporting they want the sentinel event or the violation and patterns of behavior of the individual. The written complaint must contain Who, What, When, Where. What is Abandonment? According to the ASBN abandonment is broken down into two categories patient abandonment and job abandonment. Patient abandonment is the nurse taking the assignment and establishing a nurse-patient relationship then severing that nurse-patient relationship without giving reasonable notice to the appropriate person (supervisor, employer) so that arrangements can be made for continuation of nursing care by others. The employer may have another meaning of abandonment, staying over shifts when there is no relief, making the nurse work on scheduled off days. These situations are not governed by ASBN and are not punishable. The employer can fire you for these offenses though. The ABSN have set guidelines for convictions for crimes that bar you from holding license in the state of Arkansas. These convictions are as stated. Capital murder, murder 1st and 2nd degree, batt ...

The Millionaire Next Door Expert Summary, Critique, and Review

The Millionaire Next Door Expert Summary, Critique, and Review SAT / ACT Prep Online Guides and Tips Thomas Stanley and William Danko didn’t expect The Millionaire Next Door, their case study of America’s millionaires, to become a huge bestseller. Both academics at the University of Georgia, they set out to learn about the habits and lifestyles of the nation’s highest earners, not to write a personal finance bible. Readers were blown away by Stanley and Danko’s findings, though, namely that most millionaires don’t own fancy cars or throw lavish yacht parties. On the contrary, they live by principles of â€Å"thrift, low status, discipline, low consumption, risk, and very hard work.† From this book, many readers realized that the dream of amassing over $1 million was not as out of reach as they had thought. Stanley and Danko’s 1996 bestseller can still teach us a lot about personal finance today, but it also falls short in a few key ways. Read on for a full summary and critique of The Millionaire Next Door. The Millionaire Next Door: Summary What do you picture when you hear the word â€Å"millionaire†? Sprawling mansions in Beverly Hills? Fancy restaurants, antique cars, and weekend trips to St. Bart’s? According to Stanley and Danko, real millionaires look nothing like the extravagant stereotypes in our cultural imagination. Instead, they’re more likely than not to be your next-door neighbors who live in their starter home and have been driving the same used Volvo for the past ten years. Most millionaires, they discovered, gradually amassed their wealth over time. Many of the people surveyed in The Millionaire Next Door owned a so-called â€Å"dull-normal† small business. They were â€Å"welding contractors, auctioneers, rice farmers, owners of mobile-home parks, pest controllers, coin and stamp dealers, and paving contractors." How did these people with a relatively ordinary income become millionaires? They all saved a larger-than-average proportion of their earnings by keeping consumption costs low and making early investments. By the time Stanley and Danko interviewed them to explore the secrets of the millionaire mind, these people had a net worth between $1 million and $10 million. The authors focused on this bracket, because, at the time of writing, 95% of the country’s millionaires had between $1 million and $10 million. Out of all American households, only 3.5% were classified as millionaires. That means that only 5% of that 3.5% had wealth totaling greater than $10 million. Our images of private jets and shiny yachts, therefore, only apply to a tiny population of people and not to the â€Å"average† millionaire. Because the majority of people in The Millionaire Next Door did not inherit their wealth, the authors concluded that â€Å"this level of wealth can be attained in one generation. It can be attained by many Americans.† This optimistic premise is one reason that so many readers embraced the book when it was published and still do today. Let’s look closer at the book’s driving thesis. William and Danko found that most millionaires owned "dull-normal" businesses, like mobile-home parks or welding companies. The Millionaire Next Door: Main Premise The main premise of The Millionaire Next Door can be found right in its title - the average millionaire could be anyone’s next door neighbor. Most of the country’s millionaires don’t look the part, or, at least, they don't look like we imagine they do. When we think about the lifestyles of millionaires, we have an unrealistic and flawed view. Most members of the millionaire's club aren’t flashy spenders working superstar jobs. They’re not lottery winners or movie stars dropping $6k on the regular for table service at nightclubs. In fact, Stanley and Danko consider people who spend a lot on non-essentials to be â€Å"UAWs,† or under accumulators of wealth. Their net worth ends up being less than it should be as a result of all their spending. On the contrary, the vast majority of the country’s millionaires live cautiously and modestly. They have a decent income, but they choose to live well below their means. Because of their careful, intentional budgeting, they become â€Å"PAWs,† or prodigious accumulators of wealth. They have a greater net worth than you would expect because they keep their costs so low. In the end, The Millionaire Next Door shows that most of the country’s millionaires are PAWs with higher than average, but by no means superstar-level, incomes. The book clears away some of the aura around the word, millionaire, and suggests that it’s more attainable than most people realize. Is this is a realistic message for the book to impart to its readers? According to the authors, someone with a flashy car might be an Under-Accumulator of Wealth (UAW), because they spent large portions of their money. The Millionaire Next Door: Full Critique Stanley and Danko are technically spot on when they reframe our thinking about what it means to be a millionaire. If we define â€Å"millionaire† as an individual with a net worth of $1 million or more, then we’ll find that the vast majority of millionaires don’t have stratospheric net worth. Rather, most just make the one million dollar cutoff or go a little beyond, and they got there by saving and investing a higher-than-average percentage of their income. Because superstar earners are so few and far between, the vast majority of us are not going to become rich that way. We should avoid â€Å"get rich quick† schemes and not include â€Å"become a movie star† or â€Å"get recruited by the NFL† in our personal finance plans. Instead, we should learn from this book’s realistic assessment about how most millionaires amassed their wealth. Their commitment to hard work and early investments, along with their aversion to excessive consumerism, forged a path to financial independence. If you’re serious about saving money and working toward financial security, then this steady approach is the most likely path. Of course, not everyone who lives by principles of thrift, hard work, and under consumption will become a millionaire. But most people who have become millionaires abided by those values. At the same time, these lifestyle choices are not necessarily what most readers have in mind when they say they want to be a millionaire. Read on to learn more about the weak points in The Millionaire Next Door. Most millionaires didn't amass their fortune from a get-rich-quick scheme. Where the Book Falls Short: 2 Major Weaknesses Stanley and Danko challenge conventional ideas about what it means to be a millionaire, but they have too extreme an emphasis on low consumption. Their conclusions, furthermore, are not as revelatory as they seem at first glance when you consider the statistics behind their work. Read on to learn more about both of these weak points in The Millionaire Next Door. #1: It Over-Emphasizes Low Consumption Many readers buy this book because they want to learn about how to become a millionaire. The book offers a potential path: careful savings, long-term investments, and lifestyle choices that include staying in a starter home and driving a used car. But is this what most people mean when they say they want to be a millionaire? Probably not. A lot of readers want their quality of life to improve along with their net worth, rather than having money invested in assets while their day-to-day lives remain exactly the same. As Felix Dennis, author of How to Get Rich, asks, would you rather have no money in the bank, but a fairy that pays for everything you buy, or have one billion dollars in the bank, but never be allowed to touch it? Most of us would choose the fairy. Stanley and Danko, however, veer a little too close to the second scenario as they stress the importance of self-denial. Their thrifty definition of being a millionaire is not relevant to the wants and needs of many people. While their definition can usefully reframe our thinking about what it means to be a millionaire, it also has its limitations. As writer, trader, and risk analyst Nassim Taleb says, â€Å"I see no special heroism in accumulating money, particularly if, in addition, the person is foolish enough to not even try to derive any tangible benefit from the wealth...I certainly do not see the point of becoming [a millionaire] if I were to adopt Spartan (even miserly) habits and live in my starter house." Part of the reason that the authors focus so much on â€Å"next door millionaires† is that they technically represent the â€Å"average† millionaire. Most millionaires have something like $1 million and not $10 million, and most saved this sum from hard work and thrift. But when readers say they want to be a millionaire, are they necessarily focusing on the lifestyle of the â€Å"average† millionaire? It’s almost like you said you wanted to get a Ferrari, and the book told you that most Ferrari owners got their car in the Hot Wheels section of Toys R Us. While this might technically be true (the stat includes everyone from age three to age 93), it’s not what you had in mind when you said you wanted a Ferrari. You didn’t want to take an average of all Ferrari owners, six-year-olds included, but rather wanted to use much narrower and more personalized parameters, like adult owners of real cars who have a similar financial profile as you. Stanley and Danko offer a potentially fruitful path toward becoming a millionaire, but it’s one that may not appeal or apply to all readers. The second weakness in this book has to do with its overall conclusions. From a mathematical standpoint, the book states some rather obvious statistics. Read on to learn why. The book's characterization of what it takes to become a millionaire are a bit too Puritanical for some people's tastes. #2: Its Conclusions Are Not All That Surprising Part of this book’s popularity has to do with its so-called surprising findings about what it means to be a millionaire. Millionaires aren’t tucked away behind security gates on their own private tropical islands, the book insists. They live right next to you and me! From a mathematical standpoint, though, the conclusion that most millionaires amassed their wealth through high saving, rather than high earning, is not astonishing. On the contrary, it’s totally predictable. To understand why, first, consider this representative example involving people and hats of various heights. Let’s say we want to learn more about people who are nine-feet tall. In our scenario, we’ll count hats as part of the height. In this scatterplot, you have people of various heights along the x-axis and hats of various heights along the y-axis. Hat heights are evenly distributed, but the number of people above six feet drops off rapidly. Heights and Hats: Diagram 1 Now let’s look at the people who are nine feet or taller, hats included. Above this line, everyone is nine feet or taller, while everyone below it is less than nine feet. Heights and Hats: Diagram 2 As you can see, there are a lot more people who hit the nine-foot mark because they’re wearing a hat. Only one person is nine feet on his own without a hat, because there are so few nine-foot tall people wandering the earth. Now, we’re not really talking about heights and hats; we’re talking about income and savings rates. Let’s use this same scatterplot to learn about people who have $1 million or more. Do they make a high income, or do they just have a high savings rate (or, as the analogy goes, wear a tall hat)? Here, income is represented along the x-axis and the rate of savings is represented along the y-axis. Income and Savings Rates: Diagram 1 Now let’s estimate a line through the data so that we’re roughly focusing on everyone with a net worth of $1 million or higher. Income and Savings Rates: Diagram 2 Just as there are only a few 8-foot tall people, there are also only a few people with incomes close to $1 million or higher. The rate that people save their money, rather than how much they earn, is much more evenly distributed across income levels. When you look at the way income levels rapidly extinguish as you get closer to a million, you can conclude that it’s a lot more common for people to accumulate $1 million or more by significantly raising their savings rate than by boosting their income into the six digits. This math shows us that most millionaires amassed their fortune through saving a lot. While this is useful to know, it’s not necessarily as revelatory as the marketers of The Millionaire Next Door have made it seem. By simply looking at the numbers, you can figure out on your own that most millionaires became wealthy by spending little and saving a lot. Given this mixed review of The Millionaire Next Door, what’s the final verdict? Should you read this book? The hats in the example above are a metaphor, as hats so often are. Reader’s Choice: Should You Read The Millionaire Next Door? All in all, The Millionaire Next Door has a lot to teach us about the choices and lifestyles of the average millionaire in the US. Whether or not it’s the most enlightening book for you largely depends on what you’re looking for. Is your main financial goal to save over $1 million in the bank and assets while spending little? If so, then this book will be right up your alley. Or would you rather spend well on things that you enjoy, but not necessarily go over the tipping point from $900k to $1 million? If this sounds like you, then this book may not apply as well to your financial goals. It's also important to remember that this book came from a study of the nation's millionaires. It's valuable and interesting for those who want insight into how others accumulate wealth rather than tips for how to do it themselves. In closing, let’s go over the main takeaways from The Millionaire Next Door. Remember that The Millionaire Next Door came from the studies of two academics. It wasn't meant to be a how-to guide for your personal finances. The Millionaire Next Door: Final Takeaways The Millionaire Next Door offers several lessons that endure for people today. To responsibly manage your finances, you generally want to save more, spend less, and avoid debt that you can’t afford. You should also take advantage of compound interest growth by making smart investments early in life. At the same time, you won’t find much discussion of quality of life or increasing your spending in a sustainable way in these pages. After all, it was not originally meant to be a personal finance guide, but rather an in-depth study of the nation’s millionaires. The book does not promise that anyone who saves and invests will become a millionaire, nor does it discuss social realities of inequity and privilege. You should read with a critical eye, so that you don’t come away with an overly idealized view of economic mobility or forget that some people experience barriers to wealth while others have more doors open. Ultimately, the book's lessons about what it means to be a millionaire can be useful for anyone who is trying to set financial goals and find realistic ways to work toward them. Readers will need to strike their own balance between self-denial and consumption as they take control of their personal finances.

Assignment Example | Topics and Well Written Essays - 250 words - 75

Assignment Example The song Waving Flag is appropriate to this scene because the audience is aware that Will is joining for the ride as an equal, and he will see through the task. 4. Will wanted to take what he earned. He saved the posse on the ridge, grabbed Doc and hustled him out of the tunnels and started the cover stampede at the climax of the film after breaking away from the railroad man. Will went the distance to help his father get their rightful property back. 5. The LaBarge article specifies heroism as a larger than life character limiting the possibilities. Will is a 14-year-old boy about to become a 14- year-old man. Will bides his time and then saves the posse. He joins as an equal. He actively participates in the run to the station, a very dangerous endeavor. Will preferred to do great things than accept what was given him. Will acted heroically in every sense. At the end of the film, Will has the opportunity to shoot Ben. He chooses not to because he understands Ben’s role in getting to the train on time. Will respects Ben’s decision to help complete the task, but despises Ben for leading the gang of thugs that ultimately led to his father’s death. Will chose the righteous path and let Ben board the