Essay on Importance of Financial Literacy

Financial literacy is a set of knowledge about financial markets, their functioning and management, its professional participants and their financial instruments, products and services, the ability to use them in full awareness of the consequences of their actions and the readiness to accept responsibility for decisions taken. 

According to a definition of the Council of June 2005 OECD, financial education is the process by which consumers or investors:

1. improve their knowledge of products, concepts and financial risks;
2. acquire through information, education or a lens Board, the skills and confidence necessary for:

• become more sensitive to the risks and opportunities in financial matters;
• make reasoned choices, knowingly;
• know where to find financial assistance;
• take other effective initiatives to improve your financial well-being.

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A broader conception extends financial education to the entire population and not only consumers/investors. It includes the cultural and less pragmatic dimensions, namely the understanding of the economic and financial world in which he lives. Financial literacy can then prove to be beneficial for the whole of the social body. Individuals can more easily optimize the management of their capital and financially anticipate contingencies. Reducing the risk of financial exclusion can also strengthen.

According to a study by the OECD's 2005, the research project on financial literacy, only few countries carried out systematic investigations but the conclusion was unanimous: there is everywhere a deficit of control of financial matters by the individuals. More worryingly, it is not only individuals that do not know or generally understand insufficiently financial matters, but they often believe to know much more than they actually do. An Australian investigation has shown that if 67% of those polled said they understand the principle of compound interest, but there were only 28% to give the correct answer to a problem based on this concept.

However, the evolutions of the social world and financial products make every day more urgent comprehensive financial education of the general public.

Financial education will therefore aim to give all citizens a corpus of knowledge and know-how to make relevant choices in the financial field, i.e. to be able to analyze what kinds of credits and investments are the most suitable for them. Moreover, the first objective is to give everyone access to basic financial tool that is Bank account. In all countries of the OECD, between 3 and 10% of people lacked access to a bank account, which excludes them de-facto from swathes of social life. The problem is even more marked in developing countries.

The integration of the most disadvantaged. Finally, the economy itself will be all the better when the financial behavior of the individual will have the necessary awareness and knowledge.

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Essay on Pros and Cons of Studying Abroad

Everywhere we hear what excellent opportunities are given to those who chose to be educated abroad. However, the question always has a dark side to the coin. Will weigh all the pros and cons.

Let us first consider the pros of studying abroad.

Of course, a diploma in a prestigious college in Europe or America is what make your parents proud, gives you an advantage in finding a good job, not to mention the unique and unforgettable adventure, new acquaintances with representatives of different countries and cultures.

Education at a renowned University gives you such set of skills, which is much more practical than at any of your local institution. This means research, grants, and the opportunity to demonstrate and test yourself. But, besides all this, it is an opportunity to learn a new language.

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For this reason, many people choose to study abroad. After all, a foreign language is something you can always be proud of and today it is kind of standard for an educated person. When learning another language, you improve you native one. Choosing education in other language, you gain a distinct advantage in learning and subsequent job search.

And finally, if you decide to enroll in a foreign University, you will have an opportunity to not only work in your country. If you will be able to confirm your degree in another language, you can get a job where this language is officially recognized, and, therefore, it creates opportunities for career growth.

However, with all the positive sides, taking such an important decision, you need to be realistic. Therefore, you should consider and the complications that may arise.

What are those cons?

First, it is not as easy as it seems at first glance to enroll in a foreign University. In addition to the need to prepare documents, potential students should have basic knowledge of the language of the country in which the basic subjects are taught. Therefore, many of the applicants spend many years preparing for the education abroad.

Secondly, the cost of education in America or Europe are not acceptable for all. It sometimes far exceeds the cost of education, even in the most prestigious universities of your country.

Thirdly, many of the students exchange programs do not implement their advertising slogans. Some students have complained that they were obliged to seek work and shelter in a foreign country, as the company promises turned out to be far from reality.

And, fourthly, we must always remember about the difference in cultures and attitudes of their natives. Don't get upset because some of the residents of a foreign country, don’t like or don't understand you. This is quite normal, because you grew up in very different circumstances and traditions.

In addition to all this, you have to remember that even simple household situation (a late plane, the language barrier and the forgetfulness, etc.) in the tipping point could play a crucial role and bring you back home. So try to remain objective.

Thus, study abroad is not an easy task. However, after carefully weighing all the pros and cons you will always be able to comet the only correct decision.

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Essay on The Boy in the Striped Pyjamas

I would like to say my opinion I’ve read recently: The Boy in the Striped Pyjamas. To say I hate it would mean to say nothing about how much I detest the novel: I know nothing nastier written on the topic of concentration camps, than this book. But let me tell what exactly I’ve disliked.

1. The image of Bruno. Even if parents sought to protect the child from the horrors of war and propaganda (although why?), the school has taught him to correctly spells "Führer" and to use "Jews." The nine-year-old German boy and was preparing to enter the Hitler-Jugend, marked on the map the battles on the eastern front, and knew by the heart internal and external enemies of the Reich. 

Moreover, the innocence of Bruno borders his stupidity. At first, I even suggested that he was a retarded person - this would explain the many oddities of the plot. But no! It was not the case: complex syntax, allegories, ability to dodge and right beside an unrelieved stupidity: I just can’t put these both ends together.

2. The prototype of his father, who was, with no doubt, R. Hess, the Commandant of Auschwitz, whose residence was so close to the camp that at the time of executions smoke from crematoria wrapped the building. I was curious to read the memories of Hess five children: how they perceived those things ... From Hess memoirs I knew: the SS officer would have to kill even a close relative, if it goes against the State or the ideas of Adolf Hitler. "The order is all that matters!" Those peoples were doctors, the doctors who killed children, the children who waited for help and believed them. 

There is nothing worse to it. I just can believe those people could feel any repentance.

3. Paul. It is well known that the Nazis used the prisoners as slaves at their homes, but most of these were non-Jewish women. A Jew, serving at the table… nonsense, the SS officer would have immediately died from disgust. Being a doctor, Paul would work inside the camp, they were very cautious with their resources. Moreover, for serving the officers and their families, a special group was selected, and a simple prisoner, even minor, could not be used in the commandant kitchen. By 1943, at Auschwitz there has already been the resistance; the Germans had to be cautious.

4. Many noticed that Hitler's arrival in Auschwitz was something hardly imaginable. It is difficult to see how the trip could be arranged at all. Himmler did visit the amp, but Hitler... maybe he was nothing else to do, as to visit a camp somewhere in Poland. Moreover, Eva Braun has been involved in the inspection, which in fact spent her lonely hours in Bavaria, in the estate of Hitler, and took no participation in politics and state affairs.

As a result, we have a very dubious plot, which, at certain angles, can even be insulting for the memory of our ancestors. I was waiting for the truth, which was replaced with agitprop from the series "what is good and what is bad.” It is bad to kill people in the gas chamber, but not because it is bad in itself, but because there is a chance that among those people there can be your own son.

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