First Five - Your Family, Future, and Financesby Victor Vivenzio (Undergraduate) According to RamseySolutions, American’s financial freedom is impacted severely by debt. The average debt per household is $14,241 in credit card debt, $58,112 in student loan debt, and $31,142 in auto loans. Debt prevents adults from living their best life, saving for the future, and preparing for children. As they age, their debt increases, culminating in 185 billion dollars of liabilities for the 50-59 age bracket. So how can you become free? It starts with forming good habits when you leave the shelter of your parent's guidelines. Financial literacy is crucial during the first five years after college. It empowers individuals to make informed decisions about their money. By understanding concepts like budgeting, saving, and investing, graduates can build a solid foundation for future financial success. Knowing how to manage debt responsibly and make intelligent choices regarding credit can help avoid financial pitfalls. Additionally, financial literacy equips young professionals with the knowledge to plan for immediate needs, such as rent and bills, and long-term goals, like buying a home, having kids, or saving for retirement. |
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Chartered Financial Analyst Institute Challengeby James Jeremiah (Undergraduate) The Chartered Financial Analyst Institute Challenge is an academic competition where schools form teams to value a selected company and recommend an action. This team presents their findings to a panel of local judges with the Chartered Financial Analyst designation, first in written form, and if that report is one of the best in the district, then in oral format. The winner then goes on to compete against the other local winners to go to regional competitions and then to global competition. The Cedarville team was evaluated as the best team in Southern Ohio and has submitted their sub-regional presentation for evaluation. The company selected is Lancaster Colony, a specialty food manufacturer based out of Columbus, Ohio. They produce sauces for companies such as Chick-fil-a, Buffalo Wild Wings, and Olive Garden and also make froze bread products. The Cedarville University found a sell recommendation of this company. |
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