Financial Literacy_ Lee Shao Wei

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Financial Literacy_ Lee Shao Wei by Mind Map: Financial Literacy_ Lee Shao Wei

1. How to spend and use money wisely.

1.1. Save up money you get.

1.2. Buy things you need

1.3. Don't buy things you want every time.

2. SMART

2.1. S

2.1.1. Stop and think

2.2. M

2.2.1. Make a plan.

2.3. A

2.3.1. Ask questions.

2.4. R

2.4.1. Review information.

2.5. T

2.5.1. Take Actions

3. Entrepreneur and Employee.

3.1. Entrepreneur is a person who operates and organise a business

3.2. Employee is a person employed by a Employer or a person by others.

4. Ways of using money.

4.1. Consuming.

4.2. Saving.

4.3. Donating.

4.4. Spending.

5. Self-employed and Employed.

5.1. Self--employed is when you work for yourself and not others.

5.2. Employed is when you work for others and not yourself.

6. What is business?

6.1. A business is a person's regular occupation.

7. How to earn money?

7.1. Start a business whether is big or small.

7.1.1. Sell things..

7.1.1.1. EG

7.1.1.1.1. Game cash.

7.1.1.1.2. Clothes.

7.1.1.1.3. Toys.

7.1.1.1.4. Games.

7.1.1.1.5. CD-ROM.

7.1.2. Rent things

7.1.2.1. EG

7.1.2.1.1. Open a Cyber-Cafe.

7.1.2.1.2. Cars for renting.

7.1.2.1.3. Houses for renting.

7.1.2.1.4. Rent other stuffs.

8. Start-up costs

8.1. It is the money you need to use for the things for starting a business.

9. Future Plans

9.1. Would like to save up for my job.

9.2. Go to America and Korea.

9.3. Save up at least a 3-digit number to 4-digit number money.

9.4. I would look forward to more things.

9.5. Spend stuffs only for occasions and other days.