One idea that I have for a small business is a gardening business.

The first step is to order seeds and plants. I will have to choose which plants will be the most productive and have the highest value to work ratio, because I can’t plant every vegetable! Some ideas: Peas, potatoes, green beans, peppers.

After the seeds come, I will need to plant any seeds that need to be germinated inside, like peppers. That will require careful work.

After that, it’s tilling time! We already have the tools, so I don’t need to buy any.

Next, it’s preparation and planting time. For peas, I will need trellis/mesh for them to climb on. For peppers and tomatoes, stakes are required.

Then comes the grind: keeping the garden alive! Weeding, weeding, and more weeding. If it’s dry out, watering! I could set up automatic sprinkler systems to auto-water the plants when it’s dry out.

Last is harvesting the vegetables, the most fun part (in my opinion!)

Phew, all that work, and now the fruits of my labor are…

BUT WAIT!

That’s just one part of running a gardening business! Don’t forget to manage the more technical side of it! I also need to set up the business side of it! I will need to figure out a put advertisements up, and set the prices.

Then, selling the vegetables. I will need to find a suitable location.

After all that is finished, the fruits of my labor…

Money(and veggies!):-)

In this assignment, I will explain why interest rates are different for different kinds of loans.

Loan prices are always different for different loans. There are many reasons why they are different. Here are some:

The risk of a loan can impact the interest rate because if there is higher risk, the lender wants to be sure they can make their money out of it. High-risk loans include personal loans, and credit card loans. These are riskier, because the lender doesn’t know if the person receiving the money will pay it back. If you have a credit card, you are probably very well aware of the high interest rates.

Time can also affect the interest rate. Short-term loans might have lower interest rates because the lender’s money is not away for as long, which means that longer-term loans would have higher interest rates because the lenders money would be away for longer. An example of a long-term loan would be a mortgage.

Other reasons:

If the lender thinks the loan is going to be used to make more money, or increase the borrower’s productivity, then the lender might give a lower interest rate, because it is more likely that the loan will be payed back.

The credit score of the borrower can also impact the interest rate.

In short, the main reasons that make interest rates different are time, risk, credit score, and what the loan will be used for.

The assignment for this week had two parts:

Part One:

Find the daily average interest rate for all variable rate credit cards: 20.15%. Then calculate the interest you would have to pay on a $600 credit card balance compounded monthly over six months: $105.96

Part Two:

Write 300 words on a government regulation that affects interest rates, then give your opinion on that regulation:

I did have some trouble with this one, but here is my effort: (more like 200 words)

The Federal Deposit Insurance Act is a law that establishes the FDIC. The FDIC stands for the Federal Deposit Insurance Corporation. The FDIC insures bank deposits of up to 250,000 dollars. The FDIC sets limits on the interest rates that banks can set.

One of the problems with the FDIC is that it discourages banks from having better security. The banks don’t care about their security as much because if their money is stolen, the government will bail them out. It also discourages the people from pushing the banks to be better, because they know that their money will be safe. The banks could have had better insurance or their own policies about this issue, but the FDIC restricts that too.

The FDIC only insures deposits of up to 250,000 dollars, which would discourage people from saving their money in banks.

In summary, the FDIC is an unnecessary government agency that restricts banks and the people that use them.

In this assignment, I will talk about how to save money on sports and athletics. I will cover the least and most costly ways to get in shape.

Exercise can be very costly, especially with gym membership fees and cost of equipment. Sports and athletics can also tend to be expensive, more so with travel teams. I don’t just mean expensive in dollar terms, it could also be expensive in time or energy that you are devoting to it.

One of the main costs for athletics is the equipment. Don’t think that you always need to buy the highest quality gear! That would cost quite a lot. You can easily buy good quality used gear for low prices on Ebay, at garage sales, or thrift shops. Make sure to comparison shop, or compare prices before you finalize your purchase. Doing this will help cut some unnecessary costs.

Another huge expense is gym memberships. Some high-end gym memberships can cost as much as 50 dollars a month, or more! If you are not a very active gym user, than a gym membership may not be right for you. Consider buying cheaper exercise equipment so you can work out at home for free! You could even set up your own home gym, with all the equipment that you want. Also, I’m not saying that gym memberships are all bad. You may be able to find a gym with a low cost of membership and benefits that you like. If so, take advantage of it!

Taking sports lessons for golf or something else could be costly. You also have to take into account the risk of an injury that you would have to pay for. Sports players get injured frequently, and sometimes they can be costly.

I hope you enjoyed reading this article and I hoped it helped you gain knowledge about the costs of athletics!