Asked by: Roxy
essay, financial, my, pyramids, write
How to write my essay about financial pyramids?
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Penny Taylor on Jun 10, 2011
Writing about financial pyramids can be tricky so the first course of action before I write my essay is to do research because this is not a very common topic to write an essay on.
When I write my essay, I should start by defining what a financial pyramid is. A financial pyramid is where sound financial planning is based. Financially, the term “pyramid” has been linked to dangerous or illegal schemes.
When I write my essay, I should explain why the financial pyramid should be used. In general, a pyramid is one of strongest and sturdiest structures. Adding to that, its shape is familiar to many people and easily illustrates a concept. The financial pyramid is similar to Maslow’s hierarchy of needs in the sense that basic needs must be met first before moving up to higher levels of existence. For example, a person will have to satisfy his or her basic human needs such as food and clothing before moving to satisfying their emotional needs and their long-term goals. The same concept can be applied to a financial pyramid and financial planning. One must start with paying the basic bills (i.e. credit card bills) and securing insurance rather than investing in stocks or buying shares.
When I write my essay, I can talk about how I can apply the financial pyramid in my life. I first begin from the bottom. Coming up with a financial plan is an important factor if I want to gain financial success in the future. I don’t need a lot of money to start making my financial plan. What I do need to ensure that my financial pyramid will be successful is to come up with a good plan that I will be able to follow easily. I should focus on small financial goals first then move on to my bigger plans. The premise is can be likened to making short term and long term goals.
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