Question:
Read, think, and share your interpretation of this saying related to the mathematics of
finance specifically to simple interest.
" If you are born poor it's not your mistake, but if you die poor it's your mistake."
Answer:
If you are born poor, then you have the chance to use your life to be successful in the
future. Work hard on your education, get a job, and save up for your future. Similar to
simple interest, you invest your time and effort in studying, working, or improving your
talents. This represents the principal amount. After all the time and hard work, it will be
paid off by achieving your dreams and goals in life. This represents the interest because
you’re hardships in investing paid off. If you do the opposite, then that is your mistake.
Similar to simple interest, if you do not invest your time and effort in doing your best in
life, then that is your choice, and you have nothing to gain from it.
Read, think, and share your interpretation of this saying related to the mathematics of
finance specifically to simple interest.
" If you are born poor it's not your mistake, but if you die poor it's your mistake."
Answer:
If you are born poor, then you have the chance to use your life to be successful in the
future. Work hard on your education, get a job, and save up for your future. Similar to
simple interest, you invest your time and effort in studying, working, or improving your
talents. This represents the principal amount. After all the time and hard work, it will be
paid off by achieving your dreams and goals in life. This represents the interest because
you’re hardships in investing paid off. If you do the opposite, then that is your mistake.
Similar to simple interest, if you do not invest your time and effort in doing your best in
life, then that is your choice, and you have nothing to gain from it.
