How to Go Broke - 1688 Words

Going broke is a very tedious and cumbersome activity, which requires constant vigilance and tireless effort. Although many have accomplished this feat on their own, many of us require some form of guidance. This serves as the quintessential handbook of how to get broke; it shall be called The House of Cards Insolvency Process Guide. To begin, it is critical to limit the term broke as financially bankrupt. Although at times broke can refer to moral emptiness or may even be used to describe both pecuniary and personal ruin, we limit our definition strictly to fiscal failure. Before we delve into the step by step guidelines on achieving one’s bankruptcy, certain foundations are suggested to be laid out in order to facilitate the process.†¦show more content†¦One must pretend to know the broad and yet differentiated world of banking and equity portfolios without bothering to actually learn about them. Use words such as ‘instability’, ‘hedging’, and ‘derivatives’ to inspire awe and trust among those who discuss these activities with you. Of utmost importance to Step Two, one must invest in only certain types of products to assure that one’s portfolio remains inflexible and susceptible to crashing. Next comes the more advanced form of unwise asset management: putting up businesses. In the Sound Business stage, the thoughtless and unabashed purchasing habits initiated in Step One shall be the basis. At this point, the financially carefree person should have festered into a near-irrational spender. Combined with the presumed delusions of grandeur instilled within every money dependent being, one’s illogical fund management should produce poorly thought through and totally unreasoned out business plans. Logic and better judgment that should dawn on a person after a few days of the first occurrence of the insane business idea should be shelved for other situations. Ideas like creating exotic pet shops selling poisonous snails and scorpions, making edible condoms, and putting up a sperm bank should be seen as profitable and nothing short of genius market differentiation. It is advised to fund the aforementioned businesses via bank loans for higher interest rates, but ifShow MoreRelatedJapanese American War : The Vietnam War1235 Words   |  5 Pagesthis small minority acted as the American’s enemy in the conflict. With the conclusion of the war, American political officials produced propaganda films in order to convince people of a specific political point or influence throughout the war. Go for Broke and Know Your Enemy—films concerning the subject of this military conflict—depict the way in which the American government endeavored to induce discrimination among its citizenry, directed towards this small minority class. This militarized conflictRead MoreEssay On How To Work For Yourself Without Going Broke1002 Words   |  5 PagesTitle: How To Work For Yourself Without Going Broke Category: Thrive Tags: small business, self-employment, managing business Teaser: One thing will shut your business down faster than anything else. Article: I’ve been working as a freelancer for about 10 years now, and let me tell you there have been some prosperous times and some lean times. In the beginning I even had to take on a part-time job to make ends meet. But through the years I’ve learnt a thing or two about working for yourself andRead MoreMy First Day Of School1359 Words   |  6 PagesIt was towards the end of the summer of 2014 i was going to Auburn Riverside for the first time to go pick up my schedule. The first day of school was a little scary, but I i m glad I made friends fast. I think my easiest class was my 6th period, language arts. It was my easiest class because we never did anything in that class. 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