#rich

Power or Money?

By: Eli Karam

Francis Underwood in Netflix’s hit drama House of Cards said it best, “Such a waste of talent. He chose money over power. In this town, a mistake nearly everyone makes. Money is the Mc-mansion in Sarasota that starts falling apart after 10 years. Power is the old stone building that stands for centuries. I cannot respect someone who doesn’t see the difference”.

He is saying Money fades away with time. No one will remember aka materialistic items. BUT POWER, power reigns for centuries. People will not remember what you said, but rather what you DID, what you accomplished. It goes down in history. What you do with that power says a lot about your character. From the dawn of man, we have been obsessed with power and achieving dominion over others/things. It’s innate, it’s in our blood (well, the Entre blood atleast). Which would you choose?

Advice of the Day- “A Dollar Today is Worth More Tomorrow”

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By: Eli Karam
Any student studying business has heard this phrase over and over again. I remember the first time I heard this was from my first finance professor at Bentley University, and she explained it very vividly. She explained that with money, you have two options; either spend it, or you can invest in it and watch it grow. Now for everyone thinking about inflation and that the dollar can decrease in value throughout the years, that’s not the meaning of it.

If you are in college and have at least $1000 in your bank account, (or in liquid cash under the mattress) you are not utilizing the benefits of increasing your value. Yes, it may be risky…but we also know that HIGHER THE RISK, HIGHER THE RETURN! All I’m getting at is that you should really start looking at other ways to grow your dollar worth, whether it be in stocks, bonds, real estate, start-ups, etc.

For me I’ve lost money and I’ve made some, but only because I took that risk. When I was 19, I invested $900 in Kraft (KRFT) and lost 3/4 of my money, because at the time I didn’t think about future mergers and what not, but still to this day I learned from my mistakes. All I’m saying is you don’t have to be a business savant to know how to manage your money. If you want to be “good” then keep that money in the bank account and spend it when you need, but if you want to be “great” and have that EntreWolf passion…invest, invest,invest!