If I won the lottery, I would invest some of it. This way, my money wouldn’t lose value from inflation. I would also have money in case I decide to go to college or buy a car, etc. I probably donate some of the rest, because I really don’t need all of that money. And with the small amount that’s left, I would use it to buy something fun.
P.S. I don’t play the lottery. I never plan to because it is a waste of money, so I probably will never win.
In this assignment, I will be summarizing the events of the Trail of Tears.
The Trail of Tears was when multiple Native American tribes were forced to relocate from their homeland. Some of these tribes were the Cherokee, Creek, Chickasaw, Choctaw, and Seminole. They were forced to move to Indian Territory, which is modern-day Oklahoma.
The reason for the Trail of Tears was because settlers wanted more land. There was a gold rush in Georgia, where the Cherokees made their home. The U.S. government forced the tribes out.
The settlers were happy, because they didn’t have to do much to the land, because the Native Americans had already done a lot of the land work.
Most of the tribes agreed to it, but some tribes like the Seminole, fought to stay in their homeland.
It was called the Trail of Tears because many Native Americans died along the way, so it was a very sad time. It is estimated that over 15,000 died on their trip west.
The physical trail was about 5,000 miles long.
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 be summarizing the life and career of our 5th president, James Monroe.
James Monroe was born on April 28, 1758. His father, Spence Monroe, and his mother, Elizabeth Monroe owned 600 acres in rural Virginia. He started going to William and Mary College, but he left in 1776 to fight in the Revolutionary war as a lieutenant. He was one of the men who crossed the Delaware River with Washington. He advanced through the ranks to major, but later resigned his commission.
Monroe then started studying law with Thomas Jefferson. He was elected to the Virginia House of Delegates. His law career continued, as he served in congress from 1783 to 1786. He then retired and was elected to the senate in 1790. He was nominated as minister to France in 1794. In 1786, Monroe married Elizabeth Kortright. They had two daughters together.
Monroe was chosen to become secretary of state in 1811, and continued until he was president.
Monroe’s presidency was called the era of good feelings. Some of the major events included the Seminole wars, the addition of Florida, and the Missouri compromise.
After Monroe’s presidency, he retired to his estate. He felt like Congress owed him money, so Congress payed him 60,000 dollars in total. James Monroe died on July 4, 1831.
In this assignment, I will be writing about American credit card debt and how it has changed over the past few years.
American credit card debt has been rising over the past 25 or so years, since tracking began in 1999. half of credit card owners have debt on their cards! Over half of all credit card owners pay off their balance every month. These people enjoy no interest rates. But for the other half of credit card owners who have debt on their cards, they can become trapped, drowning in the high interest rates.
According to lendingtree.com, the total credit card balance of all the cardholders in the U.S. is $1.166 trillion dollars! (This was in august of 2024, so the total may be higher now.) Credit card interest rates are rising too, and are currently around 20.15%.
If you can’t pay off your credit card balance every month, stop and reconsider: Is owning a credit card or that particular credit card helping you or hurting you more?
In summary, American credit card debt has been rising and it is becoming harder to stay out of the trap of high interest rates.
See PF Lesson 55 Assignment for more information on credit card interest rates.
References:
https://www.lendingtree.com/credit-cards/study/credit-card-debt-statistics
