Productivity
Here is an idea of how we brainstormed, as a group.
is the most adequate adjective that is able to describe todays class. We spent almost all day working and perfecting our topic for the documentary. We brainstormed, asked questions and even made a small activity in order for all of the I.A, to comment on each others topics. Here is an idea of how we brainstormed, as a group.
Today, we embark on an extraordinary adventure. An adventure that will lead us though the path of learning and most important, by the path of change and future changes in Lima.
I have a question for you guys, think about this:
I have a question for you guys, think about this:
How does the lack of financial literacy in
L im a affect consumers?What is the first thing that comes to your mind when you think about this question?
Why do you believe people aren't financially literate?
Why are people more aware that Justin Bieber has a Lamborginni than aware that people are constantly taking advantage of them because of their lack of financial literacy?
Why do you believe people aren't financially literate?
Why are people more aware that Justin Bieber has a Lamborginni than aware that people are constantly taking advantage of them because of their lack of financial literacy?
All these questions pop to my head constantly when I think about this question. But, how is it that is actually affects consumers? Well certainly there is more then one.
Money | DEbT |
(1) On the bigger scale, you are loosing money each time you make a deal or purchase a product in a bigger scaled company. Yeah, of course if you buy a product your purposefully loosing money but are you actually paying the correct amount? There are, in many cases, two ways in which you are able to purchase a product. Rationally, if you buy a product with your credit card or with cash you will be paying the exact amount. But, as logical as it seems, people believe that if they pay in quotas the price will be lower. Why? There is not an exact answer that I am able to yield right now, but in many cases it is because of simply bad math calculations and debt. Without a doubt, I will be able to answer these type of questions and more at the end of my documentary. | (2) Right after your get a check that you're not able to pay, there are two ways in which you can manage to pay it. Working extra hours at your job or, asking the bank for a loan. Which one would you chose? Often times, people would decide to ask for a loan. Why? Because of lack of financial literacy. That's the bottom line. Another important aspect is realising why people with less money are charged higher interest rates. Is that fair? No, but, how can we change the mind of the million dollar banks? I personally do not posses the answer towards that question, but I do believe that running into debt is not a good idea. That is the main idea towards my project. |