Great comment by an online student of mine about the perils of Social Media.

-


Great comment by an online student of mine!

Re:Not winning the Mega Millions could be the best thing that ever happens to you Published: Oct 21, 2018 
Wow, Professor Strafaci, this article hits a lot of great topics! I live in Las Vegas, NV, and while we do not have the lottery here, many people spend their hard earned money gambling at the various casinos. We have the Mega Bucks jackpot that most people dream of winning to change their life circumstances. Yes, there are some "wealthy" people who are gamblers, but most of the people in the local casinos, are average or low-income people. It makes me sad when we go to the movies, the theater is in a casino, and I see all these people looking like zombies as they play the slot machines and table games.
This article also hit on the influence social media plays in people thinking they need more. I try to do a social media fast one to two times per month. As the article mentions, my feed is filled with friends and family appearing to live a glamorous life. Though I know this is for show, it can still take a toll on my spirit. I find that when I stay away from social media I am generally happier.
Finally, I found it interesting that 76% of people have credit cards, but only 47% have retirement accounts. It seems that most people of more concerned with what they can have right now than planning for the future. Our family has realized we have been living for the present, and have begin using Dave Ramsey's Financial Peace University to get out of debt and plan for our future. This article reignited my passion for making our financial situation better.
Thank you for sharing!
#socialmedia #gambling

Comments

Post a Comment

Popular posts from this blog

The DuPont Identity: A vital key to understanding the Financial Markets

-
Image
The DuPont Identity: A vital key to understanding the Financial Markets . Friday, February 17th, 2012 “Knowledge is power.”  – Sir Francis Bacon We promised at the outset, to deliver an amusing, yet educational experience. On that note, we unveil today’s feature: The DuPont Analysis. DuPont deconstructs and reviews the components that encompass the essential view of a company’s health, its return on Equity (ROE). It was developed by DuPont in the 1920’s to help them manage their conglomerate, and it is brilliant! The inspiration to delve into this financial abstruse was the story of Billy Beane, as portrayed in Michael Lewis’ popular book, “Money Ball”. Beane, the general manager for the Oakland Athletics baseball team, discovers the usefulness of viewing major league prospects through the lens of statistical analysis that goes far beyond the normal batting and earned run average statistics. Beane, who was once a baseball prodigy himself, found disappointment through unmet
Read more

The corporate debt problem refuses to recede..click on link,

-
Image
Opinion   Market Volatility The corporate debt problem refuses to recede Non-financial leverage is higher today than it was before the crisis London Financial Times Retreived from: https://www.ft.com/content/ceb8d8ee-0b57-11e8-8eb7-42f857ea9f09 As stock markets gyrated wildly earlier this week, the Reddit social media platform delivered a scream of pain from somebody called “Lilkanna”, who claimed to be a small-time investor holding exchange-traded notes that bet on low US equity volatility. “I started with 50k [dollars] and traded all the way to 4 mill over 2.5 years . . . using more and more margin [ie debt],” this declared. “But now I have lost $4m, three years of work, and other peoples’ money.  I feel like such a fool.” Quite so. For months, commentators have warned that a correction in the US stock market was overdue. Financial insiders have also warned that volatility was bound to explode after last year’s supernatural calm, spelling disaster for anybody who —
Read more