Writing an Article Summary Essay Example for Free

Writing an Article Summary Essay The first step to writing a summary of a specific reading material is, of course, to read the whole article. This is easier said than done because reading is not just scanning the whole page. It is about devoting time to understand the paper and digesting the whole article. Re-reading may also be needed to be familiarized with general information, hypothesis, results and interpretations found in the article. Reading the article is followed by taking down notes. Here, plagiarism should be avoided by all means. There is a world of difference between taking down notes and taking down notes properly. Sometimes, a sentence appears plagiarized even when the author did not intend do, all because of the improper ways of taking down notes. Note taking is also important in creating the outline or backbone of the summary that is about to be written. After this, the actual writing of the summary is next. In writing the draft, it is important to follow the order from the original text. The topic sentence must be mentioned first, followed by an explanation on why the article is a must-read. If there are methods, terms and variables and results included in the article, they, too, should be explained. This is the chance to omit sentences or information which the article can do without (Sweeney and Hooker, 2005). Critiquing the study comes next, where scouting for areas which need improvement is done. Here, questions about the credibility and value of the summary should be raised. Critiquing is a way to make sure that the summary is helpful, ethical and significant. It shows why it needs to be done. The fifth step is editing, which is a means to double-check the summary for accuracy and completeness. If the summary lacks important information, add some. If anything sounds redundant, cut it. Editing is about ensuring that the style of the summary remains to be intelligent. Wordiness, informal language, grammatical slips and misspelled words and misrepresentation should be looked after. The main purpose of editing is making sure that the summary is acceptable, readable and focused (Greenway, 1997). References Greenway, W. (1997). Writing a Summary. Youngstown State University. Retrieved July 9, 2008 from http://iws. ohiolink. edu/~sg-ysu/sumwg. html. Sweeney, T. and Fran H. (2005). Streamlining the Summary, Perfecting the Precis. Webster University Writing Center. Retrieved July 9, 2008 from http://www. webster. edu/acadaffairs/asp/wc/summary. html.

Social Construction Of Crime Criminology Essay

Social Construction Of Crime Criminology Essay Crime is a term that refers to many types of misconduct that is forbidden by law. There are a number of different reasons as to why crime can be viewed as a social construction. There cannot be social problems that are not the product of social construction naming, labelling, defining and mapping them into place through which we can make sense of them (Clarke, 2001). In this essay I will explain what is social construction, also what crime is, and why we think, that crime is socially constructed. Furthermore, I will explain how media construct crime and the stigma of black crime.   In the last paragraph I will explore the importance of Marxist and Durkheims theories on the emergence of crime. There is no doubt that crime is socially constructed. The constructionist perspective draws on a very different sociological inheritance, one that treats society as a matrix of meaning. It accords a central role to the processes of constructing, producing and circulating meanings. Within this perspective, we cannot grasp reality in a direct and unmediated way Reality is always mediated by meaning (John Clarke p.6). Indeed, some of its proponents argue that what we experience is the social construction of reality (Berger, 1967). How something or someone is named, identified and placed within a map of the social orders has profound consequences for how we act towards it or them (Becker, 1963). Public concern over crime relates mainly to theft and violence, which are regarded as being serious enough to warrant sustained attention from the police. This concern, reflected in periodic moral panics, tends to ensure that many of those who are involved in theft and criminal violence do so as a form of secondary deviation. As a result, many of them develop a criminal identity (Becker, H. S, 1963). The national British crime survey reports have demonstrated that the risk of being victims of crime is shaped by locality, lifestyle, age, gender and ethnicity. BCS confirm that the risk of being a victim of contact crime are highest for men those aged under 30, those living in intercity areas and those living in privately rented accommodation. Noon the less according to the BCS it is frequently those who are least at risk of crime who are most anxious about it, notably older people and women(May et al,2009). The very good example of how crime can be socially constructed is Black Crime (McLaughlin, 264). During the early 1970s indicated, that the media has continued to project an image of Britain as a white society (Hartman 1974). Crime and criminality came to be the central motif that constructed black people as a problem presence, and also signifying that they were not really British (McLaughlin, 264). Gilroy (1987) has added to this by analysing discourses on race, crime and nations. Perceptions of the weakness of black culture and family life, sometimes explained by absence of a father or authority figure, or more crudely, by a lack of respect for the Law and English tradition of civility, served to define black people as lesser breeds without the Law , as the others who stands outside what is meant to be British(Gilroy, 1987). However the significance of the prolonged campaign that led to the inquiry into the murder of Stephen Lawrence cannot be overstated. Dominant representations o f black people as a problem for white British society have been successfully challenged (Murji, 274). The media is the most powerful organisation which does a big impact on social construction of the crime. The importance of the news media in framing the public understanding of social problems is widely recognized (McLaughlin,263). Research in many countries confirms that crime reports are among the most headlines catching of news commodities. It is also suggested that there is broad correspondence between the images of criminality articulated in the news media and the interpretation for this (Murji, 264). Such as media presentation of the information reinforces social construction of the crime (McLaughlin et al, 264). There are three levels of explanation in the study of deviant and criminal behaviour. A first level of explanation is concerned with the existence of the many different forms of human behaviour that occur in any society ( Becker,1963). Biology may contribute towards an explanation of this diversity, but it can never provide the whole explanation. It is always necessary to take account of processes of socialization (Becker, 1963). A second level of explanation is concerned with the variation in norms between social groups, as manifested particularly in cultural and subculture differences ( Becker, 1963). Socialization takes place within particular social groups, and it is the norms of these groups that provide the standards for the identification of particular kinds of behaviour as criminal( Becker, 1963). The third, and final, level of explanation is concerned with the ways in which particular individuals are identified as criminals by others and so come to develop a criminal identit y. This is a matter of social reaction and control ( Becker, H,1963). In addition to understand social construction of crime, it is very important to look back at historical theoretical periods, which plays an important roles in revitalising past discoveries, putting new stress on the interpretation of events and relating these to current happenings(Jock Young, 307). First of all I would like to look at Marxist theory, where he sees crime being endemic in the social order. According to Marxism, men make their own history, but they do not make it just as they please: they do not make it under circumstances chosen by themselves, but under circumstances directed encountered, given and transmitted from the past (Marx, 1969,p.360). Marxist frameworks have developed a Marxist theory of crime. From Marx perspectives crime is seen largely as the product of capitalism, with criminal and antisocial behaviour indicative of the contradictions and problems inherent in the capitalist system (Marsh, 1997, 519). The basic motivation of capitalism, such as emphasis on materialism and self- enrichment, encourage self-interested, anti-social and, by implication, criminal behaviour (Marsh, 1997, 519). Marxist s argues that business crime is largely ignored by the legal system. There are some well publicized exceptions, but these tend just to reinforce the impression that criminals are mainly from the working classes and that business criminals are not real criminals they are just doing what everyone else does (Marsh,1997,519). Marxist arguments suggest that capitalism produces the conditions that generate criminal behaviour. According to him, crime occurs because of economic deprivation and because of the contradictions that are apparent in capitalist society. Working-class crime is a rebellion against inequality and against the system that uses the legal process- including the Law, the police, courts and prison as weapons in a class war(Marsh, 1997, 522). According to Durkheims crime theory, he points out two arguments on crime growth. The first argument is, that modern industrial urban societies encourage a state of egoism which is contrary to the maintenance of social solidarity and to conformity to Law , and second is, that in periods of rapid social change anomies occurs. By this he meant an anomic disordered society lacking effective forms of social control, and thereby leading to a state of individually perceived normlessness (Frank Heathcote, 347). Durkheim arguments that crime is inevitable and functional does not explain the causes of crime or why certain people are more likely to engage in, criminal activities than others (Frank Heathcote, 348). More recently functionalist theories, based on the notion of there being a general consensus of values and norms, have focused on causes of criminal behaviour. Functionalist theories of crime tend to assume that there is general consensus within society over what is right and wrong behaviour. The interactionist approach questions this assumption; it does not see criminals as essentially different from so called normal people. Many people commit criminal action and it is therefore not easy to maintain a clear distinction between the criminal in terms of particular personal characteristics (Marsh, 1997, 517). To summary, in my essay firstly I discussed that, crime has been seen as a response to the frustration felt by those who cannot achieve the norms or goals of society. Secondly, how dominant representations of black people as problems for white people society have been successfully challenged. Thirdly, that the media is the most powerful organisation which does a big impact on social construction of the crime, and finally I argued two most important theories, which are still in use.

An Examination Of The French Government System Politics Essay

An Examination Of The French Government System Politics Essay The France government is a semi presidential system which follows the fifth republic of the French constitution. The France declares them as the secular, social, individual and democratic republic. The government of France divides into a legislative, a judicial branch and an executive. The prime minister shares the executive powers with the president. Parliament consists of the Senate and the national assembly. It passes vote and statutes on the budget and it also controls the works of the executive through questioning in the parliament house and by organizing enquiry commission. The members of the constitutional council are appointed by the president of national assembly, the president of the senate and the president of the republic. The judiciary system of the France is based on the civil law system which was evolved from Napoleonic codes. The judiciary system is divided into the administrative code and the judicial branch. They have their own supreme court of appeal like Conseil d à ©tat for the administrative purpose and Court of Cassation for judicial purpose. The French government also has various bodies to check whether the powers are abused by anyone or not. France was also the founding member of the European Union. (introduction) History France was one of an earliest country which changes from feudalism to nation state. The monarchs of the France were surrounded with the capable ministers. French armies were the most disciplined, professional and innovative of their day. The dominant power in Europe was France during the power of Louis XIV from year 1643 to 1715. In the 18th century, the Louis government faced financial problem due to the military campaigns and overly ambitious projects. The main causes of French revolution during the year 1789 to 1794 were resentment against the political system and deteriorate economic conditions. Although the revolutionaries follow egalitarian and republican principles of government but the French government reverted to form constitutional monarchy about four times. The four monarchial governments were the restoration of Louis XVIII, the empire of Napoleon, the second Empire of napoleon III and the reign of Louis Philippe. The third republic was formed after the Prussian Franco wa r in 1870 and lasted till the defeat of the military in year 1940. During the World War I the great loss of material and troops occurred. France government formed the huge border defenses known as the Maginot Line and alliances to defeat the German strength in the year 1920. Although France was defeated early in the world war III then also they gain the power again in June 1940. In July 1940 France was divided into two sections. One section was ruled by Germens and another was controlled by the Vichy France. But in year 1942, the Italian and German force conquered the France including Vichy region also and formed the allied forces. In 1944, Allied force liberated France after four year of occupation and services. After the world war II France faces new problems. Initially the provisional government was led by Gen. Charles de Gaulle but after the short period of time the fourth republic was formed by the new constitution. It was parliamentary form of government which was controlled b y series of coalitions. The lack of agreement between the French military and the members of the constitution was the main cause of the change of the government. On May 13, 1958 finally the government structure collapsed due to the tremendous pressure which was generated by the four years war with Algeria. In June 1958, fifth republic was formed and General de Gaulle became the prime minister and in December of the same year he was elected as a president. After the seven year in the 20th century, the people of France for the first time got the liberty to elect their president through ballot system. De Gaulle won the election after defeating Francois Mitterrand with 55% share of vote. After elected as a president of the country De Gaulle conducted a referendum which was concern on the creation of twenty one with the less political powers. But this proposal was rejected by the members of the government after that he resigned from his post. After him, Gaullist Georges Pompidou was elec ted as president for year 1969 to 1974 then Valery Giscard dEstaing for year 1974 to 1981. After that Francois Mitterrand was elected for year 1981 to 1995 and then neo-Gaullist Jacques Chirac for year 1995 to 2007. Nicolas Sarkozy was elected in May 2007 as sixth president of France under the fifth republican. It remarks as increasing of social and economic reforms. During the five year term of Sarkozy, he faced tremendous pressure to improve the economy, employment rate and reduce the sizable budget deficit of the government. He has also reintegrated the north Atlantic treaty organization with France. (history of france government) Governmental Structure In year 1958, public referendum approved the constitution of the fifth republic. According to this constitution the president was elected for the seven year term but in 2002 the presidential period of work got reduced to five years. In year 2008, the new constitutional reform was passed again which limits the presidential period to two consecutive terms. The next legislative and presidential elections are scheduled in year 2012. The executive branch of France is consisting of the prime minister, the president, the bureaucracies of many ministries and the government. The president has the right to elect the prime minister, rules over the cabinet and gives the instruction to the armed forces. The president also has right to submit the question to the referendum. At the time of emergency the president has rule by decree and dictatorial powers but with permission of the parliament. The head of the government is prime minister and his cabinet is composed of minister delegates, secretaries of state and number of ministers. Under the fifth republic, president leaves the day to day policy decision to the prime minister and its government. Every year the members of parliament meet once for the nine month session. Under the special situation the president has special right to call the additional session. Even the legislative branch has few executive powers then also the national assembly has power to remove the existing government if the votes of the members are in majority. The parliament of France consists of a Senate and a National Assembly. The principle legislative body of France is national assembly. The members of national assembly are elected for the five year through voting. The Electoral College has the right to choose the senators. In 2003 a new rule is passed the senators will serve for six years but one half of the members will be renewed after three years. The legislative powers of the senators are limited as compared to the national assembly. Initially the government has power to solve the agenda of parliament but after the constitutional reform which was passed in 2008 parliament got the right to solve their own agenda. In July 2008, a new constitutional reform was passed which limited the process to one bill in each session, finance on the social security and to the vote for the national budget. Impact assessment is necessary from the September 2009, for all the draft laws which is going to the parliament and the council state. The best feature of the judicial system of the French is that the council of state protects the basic rights when it is violated by the action of the state and constitutional council protects the basic laws when it is violated by the new laws. The function of the constitutional council is different from the council of state and they provide the justice to the citizens who have claimed against the administration. There are various ordinary courts such as the criminal courts, the police courts, the industrial courts and the commercial courts which settle the disputes which arise between the citizens and also between the corporation and the citizens. The cases which were judged by the ordinary court can be reviewed by the court of appeals. Political system On May 16, 2007 Nicolas Sarkozy joined the office under the Fifth republic as the sixth president. On April 22, 2007 during the first round of election, Nicolas Sarkozy placed first, the head of the Union for popular movement party. The Segolene Royal, the candidate of socialist, placed second. Francois Bayrou of centrist placed third and Jean Marie Le pen of extremist was placed fourth. In the second round of the election on May 6, 2007, Sarkozy defeated Segolene Royal by 53.06%. The defeat of Royal in the presidential election was the third largest defeat of the any Socialist candidate. The focal point of the campaign of the Sarkozys party was to implement the various reform like economic and market oriented reforms. After electing as the president he first gave the green signal to implement these reforms and worked on the European Union treaty which was rejected in the year 2005. The voters of France also show their desire to renew the France and United state relationship. The pre sident Sarkozy basically concentrate on improving the performance of the economy of France through labor market liberalization, taxes and higher education. During the legislative elections which was held on July 10, 2007, the UMP won by the large majority. This gives them an advantage during the European Parliament election in year 2007. They won by 27.88% from the Socialists. During the first year of service, Sarkozy removed the income taxes on the overtime works and increase the pension period of the retirees. (political system) Conclusion The France government follows the semi presidential system. The French government divides into the three parts. One is legislative, other is executive and last one is judicial. The France president has degree of the executive powers. The prime minister which is appointed by the president has highest number of executive powers. Then we studied the history of the France government before the World War II and the till now. Then we discuss the governmental structure of the France government. It is consist of the prime minister, president and the Member of Parliament. The parliament of France consists of the national assembly and the senate. The member of the national assembly was elected for the five years and the member of senate was elected for the six years. The judiciary system of France consists of the various local and the supreme courts which solve various types of problems at each level. Then the political structure of France government is discussed. The political structure of Fr ance consists of various political parties like UMP, extremists, socialist etc.

All I Ever Needed To Know About Love Essay -- essays research papers

All I ever needed to know about love, I learned form the Goo Goo Dolls. This band with songs such as â€Å"Iris†, â€Å"Slide†, and â€Å"Black Balloon† speak of the longing that comes with love lost for example in the song â€Å"Black Balloon† The singer talks about the fact that â€Å"A thousand other boys could never reach you, how could I have been the one.† In â€Å"Iris† The speaker talks about the fact that regardless of what the world thinks, his love will continue, â€Å"you can’t fight the tears that ain’t coming, but I know you can feel me some how†¦ I don’t want the world to see me cause I don’t think that they’d understand.† In the song â€Å"Slide† they speak more of the sexual side of love â€Å"I wanna wake up where you are.†   Ã‚  Ã‚  Ã‚  Ã‚  Music as a whole has always appealed to the senses and the emot...

Themes Presented In Far From The Madding Crowd Essay -- English Litera

Themes Presented In Far From The Madding Crowd Thomas Hardy was born on 2nd June 1840 in Higher Bockampton, Dorset. His father was a builder and mason and his mother a former servant was a well read intelligent woman with a strong personality. Hardy was impressionable from a young age and as a country boy was surrounded by the traditional aspects of rural life with it's superstitions, folk lore, culture and past times. In 1856 Hardy worked with an architect and continued his studies under the guidance of a parish rector. This friendship has been thought to affect to the tone of "Far From The Madding Crowd". The book was published in 1874 and is one of his most well-known novels. His unique style is never more apparent in this novel with the focus on relationships in a rural community. In this essay I will be discussing the power of love as it is portrayed in "Far From The Madding Crowd". I will be discussing different aspects of love and themes which affect the key theme love in the novel. These themes include character and developement, atmosphere, language and authorial intrusions. From the start of the novel it is noted that Bathsheba is a very vain and unconventional character. Right from the start while on horseback she proved this. "A small swing looking glass was disclosed, in which she proceeded to survey herself attentively. She parted her lips and smiled". It is questioned that Bathsheba's vanity is uncurable and at the end of it all, is it still uncured? She stands out from the world around her because it is ruled by men but she is in charge of the community around her. Bathsheba's love life follows a circular pattern and by the endd she loses strength and stamina and eventually ends up mar... ... of love and the main characters lives revolve around it. Hardy uses many different devices to show the power of love which I have used to show the power of love. Hardy uses peoples characters through the novel to show their feelings and reactions brought on by love. He uses atmosphere throughout the novel to potray the mood and set the scene to help show love in it's different aspects. Hardy uses language also throughout the novel to reflect both the times and the feelings of characters. Hardy also uses authorial intrusions to give opinions of characters through the story. All these topics help show the importance and power of love in "Far From The Madding Crowd". The story takes place in rural part of England at the end of 19th century. Beautiful country and good description of many people peacefully living there are great background for a love story.

“a Comparative Study of Personal Financial Planning Awareness and Its Degree of Implementation Among Age Groups.”

Abstract Financial planning may mean different things to different people. For one person, it may mean  planning investments  to provide security during retirement. For another, it may mean planning savings and investments to provide money for a dependent's college education. Financial planning may even mean making career-related decisions or choosing the right insurance products. In reality Financial Planning is the process of meeting financial goals through the proper management of finances.It is generally seen that people have a misconception that financial planning is about saving more and spending less but that is not the case, it is more about saving the right amount so that future goals can be met. The objective of financial planning is * To ensure that the right amount of money is available in right hands at right point of time in the future to achieve the desired goals and objectives. It * Provides direction and meaning to your financial decisions. * It allows you to und erstand how each financial decision you make affects other areas of your finances. Financial planning and investments can be undertaken by anyone with a clear assessment of one's inflow of funds and the goals that need to be achieved from time to time. Keywords: Financial planning, wealth management, investment instruments, real estate Introduction Financial planning is achieving your financial goals in the most efficient manner. The broad areas of financial planning include  Ã¢â‚¬â€œ | | | 1. 2. | Investment planning  -Your wealth will only grow over time if you have invested it in assets. Investment planning  deals with the kind of investments an individual should invest in to get the best out of his wealth.Financial StatementsIn this the risk and return profiling of an individual is done based on his life stage, spending requirements with respect to his income and wealth, time horizon and liquidity requirements and various individual specific constraints. Investment Plannin g is important because it helps you to derive the maximum benefit from your investments. | Cash flow planning  Ã¢â‚¬â€œ In simple terms, cash flow refers to the inflow and outflow of money. It is a record of your income and expenses. Though this sounds simple, very few people actually take time out to find out what comes in and what goes out of their hands each month.Cash flow planning refers to the process of identifying the major expenditures in future (both short-term and long-term) and making planned investments so that the required amount is accumulated within the required time frame. Cash flow planning is the first thing that should be done prior to starting an investment exercise, because only then will you be in a position to know how your finances look like, and what is it that you can invest without causing a strain on yourself. It will also enable you to understand if a particular investment matches with your flow requirement| | | 3. Retirement planning  Ã¢â‚¬â€œ Reti rement planning means making sure you will have enough money to live on after retiring from work. Retirement should be the best period of your life, when you can literally sit back and relax or enjoy your life by reaping benefits of what you earn in so many years of hard work. But it is easier said than done. To achieve a hassle-free retired life, you need to make prudent investment decisions during your working life, thus putting your hard-earned money to work for you in future. Planning for retirement is as important as planning your career and marriage.Life takes its own course and from the poorest to the wealthiest, no one gets spared. We get older every day, without realizing. However, we assume that old age is never going to touch us. The future depends to a great extent on the choices you make today. Right decisions with the help of proper financial planning, taken at the right time will assure smile and success at the time of retirement. Retirement Planning acquires added im portance because of the fact that though longevity has increased, the number of working years haven't. |   | 4. Tax planning  Ã¢â‚¬â€œ Tax evasion is illegal but tax minimization is legal. Thus you can reduce your tax liability by planning effectively. With proper tax planning you can increase your after tax income. |   | 5. | Children future planning- It is essential to plan for the future of your children. The purpose of Children's Future Planning is to create a corpus for foreseeable expenditures such as those on higher education and wedding and to provide for an adequate security cover during their growing years. Savings alone is no longer enough.For ensuring adequate funding of your child's education, you as a parent need to invest appropriate amount systematically and at regular intervals to provide for a financial security to cover any casualties. |   | 6. | Insurance planning  -Insurance Planning is concerned with ensuring adequate coverage against insurable risks. Calculating the right level of risk cover require considerable expertise. Proper Insurance Planning can help you look at the possibility of getting a wider coverage for the same amount of premium or the same level of coverage for the same amount of premium or the same level of coverage for a reduced premium.Insurance, simply put, is the cover for the risks that we run during our lives. Insurance enables you to live your lives to the fullest, without worrying about the financial impact of events that could hamper it. In other words, insurance protects you from the contingencies. So insurance planning is very important. |   | 7. | Estate planning- Every individual acquires a considerable amount of estate during his lifetime which after his death or during his lifetime is transferred to either his heirs or to institutions or to charities.Planning this transfer in the most efficient way is termed as Estate planning. | Who requires financial planning and how is it different from wealt h management Almost everyone requires  financial planning. As the old adage goes-If one is failing to plan, they are surely planning to fail. Good and thoughtful  investment planning  is the cornerstone of an individual's good financial health. Although similar fundamentally, Financial planning defers as compared with wealth management.Wealth management though similar to  financial planning  is dissimilar in the sense that To do wealth management a considerable amount of wealth is required. Financial planning on the other hand is required by everybody as it deals with planning related to achieve financial goals in the most effective manner. It is wise to seek expert advice from professionals such as a financial planning expert because in the attempt to save on the fees, you could end up with poor financial information and decisions that can prove disastrous for family funds.In the case of the working individual, insufficient or random saving for retirement can lead to a re duced lifestyle later, while in the case of the businessman, poorly managed tax preparation could culminate in unexpected tax debt and a loss of carefully accumulated wealth. Most popular Investment Avenues in India 1. Public Provident Fund 2. Life Insurance Policy 3. Housing Property 4. National Saving Certificate 5. Gold& Precious stones 6. Equity 7. Fixed Deposit 8. Mutual Fund 9. Systematic Investment Plan 10. Exchange Traded funds Source : Economic Times. Objective: 1.Spread awareness about personal financial planning among individuals. 2. To know the degree of financial planning awareness and its implementation by individual. 3. To know the most popular investment instrument among individuals Conceptual framework Financial Planning is all about preparing a sequence of action steps to achieve a specific financial goal. A financial plan is a roadmap to achieve your life's financial goals. It is like a map, where you can always see how much you have progressed towards your projec ted financial goal and how far you are from your destination.Financial planning is a process consisting of the following activities- | * Assessing present assets and resources to understand the current situation| | * Setting objectives- Both in terms of returns and risks | | * Determining constraints and financial planning areas like Taxes, Legalities, time horizon, liquidity, unique circumstances | | * Determining appropriate plan and strategy to achieve financial goals. | | * Evaluating the plan in a timely manner. | | * Adjusting and modifying the plan if change in conditions. | Review of LiteratureElaine King, discussed that you should identify your senior parent’s core values and priorities (i. e. financial lifestyle and potential health care costs) and proactively plan to integrate them seamlessly into your multigenerational family’s financial objectives. He also discussed know who your aging parent’s physicians, financial planners, and legal and tax profe ssionals are, and become well-versed in the advice and information your parents are receiving. Who should make financial, legal, and medical decisions for your elderly parents, if they are no longer capable of handling their own affairs?Tim Sobolewski, CFP ® said that Choosing a financial planner is as important as choosing a doctor or lawyer; it's a very personal relationship. In addition to competency, a financial planner should have integrity, trust and a commitment to ethical behavior and high professional standards. You want a planner who puts your needs and interests first. Jessie Foster, Lincoln Financial Advisors, Where does the Money Go? Said that many people would rather do anything else than attempt to understand or set a budget for themselves and their families. The standard advice from most inancial planners when it comes to budgeting is to â€Å"spend less and save more†. But for most families this is easier said than done, no matter what their income level. A nd exactly what do we mean by â€Å"spend less†, less on what? Most people do not even know where their money goes never mind where to cut back Doug Lennick provides a simple and clear four-step method, known as the 4Rs, for making wise financial and life decisions based on your core values. When you find yourself in a highly charged event, such as the Dow Jones plummeting, rash decisions often follow-like selling out your entire stock portfolio at record lows!Madhu Sinha has explained Financial Planning is meant for lay investors, financial planners and students pursuing courses on financial planning. It simplifies financial mathematics to enable an investor map financial goals that she would like to achieve. The book includes solved problems on retirement planning and over 350 questions and answers on time value of money. Besides theses, it dwells on mutual funds and other investment products that are currently available. The book also discusses the process of constructing and revising a financial plan on the basis of an investor's financial goals.STEPHEN’S states some things that financial planning consist of is investments, insurance, credit cards, scholarships, tuition, and housing. Investments are basically a method of putting money away in the expectation that it will grow into a larger amount. Insurance is a form risk management used to negate the risk of loss in which the provider covers the monetary loss of an object in the case of an event in exchange for a premium paid by the customer. Research MethodologyThe main investigation of the study is to identify the degree of awareness about financial planning and how many people are actually doing financial planning for achieving their financial goals. The study covers both primary and secondary data . Primary data is collected by distributing questionnaire to the individuals ; secondary data collected from various journals, articles, websites This is an empirical study based on survey meth od. The techniques of questionnaires, discussion, interviews and observations were followed to obtain the required information.All the selected individuals were given the questionnaire to get the information their financial standings. A questionnaire containing a set of 18 questions have been distributed among the individuals who are working with the IT firms in Pune. The study is conducted within the Pune specifically in and around Hinjewadi area. The respondents were particularly in the age group of 30-4o years and are higher middle class people. Hypothesis 1. Individual is aware about personal financial planning and is implementing the same. 2.Life Insurance plans are most popular among the investors. 3. Fixed Deposits are most popular among the investors. 4. Wills are current of Individuals 5. Individuals take professional help for their financial planning. Findings: 1) All the 50 respondents were in the age group of 30-40years which falls in accumulation stage and needs strong financial planning. Among them 70% of them wanted to retire in 15 years and 27% wanted to retire in 20 years and only 3% wanted to retire after 20 years. 2) Majority of the respondents i. e. 0% of them didn’t knew how much they would require at the time of retirement and only 10% of them had a exact calculation of how much they would require. 3) 5% of the respondents are taking professional help for their financial planning. 4) Almost everyone was aware about all the avenues available in the market. But only 60% of the people are investing only in Real estate, gold, Life insurance and Fixed deposits. 5) Most popular investment options among the investors are as follows most popular follow by least popular from top to bottom: a. Real estate . Public Provident Fund c. Life insurance d. Fixed Deposit e. National Saving Certificate f. Gold g. Mutual fund h. Equity i. Systematic investment plan j. Exchange traded funds 6) 95% of the respondents have not done a will and 100% of the m have a home loan with home loan insurance as it is mandatory by the housing loan providing banks. 7) 60% of the people have an additional insurance cover over and above the cover provided by its employers. All these 60% i. e. 30 respondents have a term plan. 8) None of the individual interviewed had made their Will.Conclusion Awareness of available financial products is high in the target population. However, a number of factors — including a series of high-profile scams, detrimental practices of advisors with a short-term view and the lack of a strong investor protection environment — have contributed to investor insecurity. This is the primary reason why the targeted respondents are taking a myopic view towards investments, largely discarding the option of long-term investments and personal retirement planning unless offered as an additional tax savings instrument.The most popular investment avenue is real estate among the respondents especially a residential house , as it gives a huge capital appreciation and also a considerable rental income, in additional there is limited risk associated to it. Barring few bad years, property prices in India have been moving upwards. Moreover, loan taken on a residential property has a tax deduction. And the second most popular investment avenue is PPF as it is mandatory to have PPF account and employer’s contribution too. Scope of the Study for Further Study 1. Subject matter is related to the investor’s approach towards various investment objectives. . People of age between 30-40 (accumulation stage) 3. Whole Pune Area 4. Demographics include names, age, qualification, occupation, marital status and annual income. Limitations of the Study No study is free from limitations. The limitations of this study can be: * Sample size taken is small and may not be sufficient to predict the results with 100% accuracy. * The result is based on primary and secondary data that has its own limitations. * Th e study only covers the area of Pune that may not be applicable to other areas. Suggestions 1.It is suggested to individual to inculcate the habit of financial planning as soon as one starts earning 2. Every individual interviewed was suggested to look into various investment avenues apart from conservation investment options like PPF, FD, and Residential property. 3. Individuals are suggested to take professional help to set and evaluate the financial goals, this will help them to set goals practically and know the proper way to achieve them 4. Individuals were also guided not to fall prey to financial consultants. They should do their through study before making any investment decision. 5.Individual were suggested to make their will and fill the form for nomination for each investment. Biblography 1. Sreekant V, CFPCM,Managing Partner, Sabarigiri Institute The Third Inevitable:Impact of Inflation on Financial Planning, 2008 2. Akhilesh Tilotia, CFPCM,Director, Director, PARK Finan cial Advisors Pvt. Ltd. Why should you think long term? 2008 3. Elaine King, CFP ®, CDFATM  and Philip Herzberg, CFP ®, AEP ®, MSF  Financial Parenting for Young Adults 4. Elaine King, CFP ®, CDFAâ„ ¢, and Philip Herzberg, CFP ®, MSF Financial Planning for Your Family’s Well-being 2010 5. Tim Sobolewski, CFP ®, How to Choose a Financial Adviser 2011 . Financial Planners Association, Build a Solid Financial Plan! August 2009 7. Jessie Foster, Lincoln Financial Advisors, Where does the Money Go? August 20, 2012 8. Lisa Holton, The Encyclopeidia of Finanicail Plannning FPA Press p24 9. Financial Intelligence: How to Make Smart, Values-Based Decisions with Your Money and Your Life Doug Lennick FPA, p82 10. Madhu Sinha Financial Planning McGrawHill Education 11. Stacie Zoe Berg, The Unofficial Guide to Managing Your Personal Finances, Wiley p210 12. Consumer Panel Research Paper: March 2006 Financial Services Consumer Panel, p36 13.Agshe, Anil, (2009), â€Å"Fi nancial Service, Market ; Regulation† 1st edition, Himalaya Publishing House, Mumbai. 14. 8. Mishkin, Fredric, (2011), â€Å"Financial Market ; Institution†, 6th edition, Pearson Education, New Jersey. 15. Pradian, Punithavathy, (2009), â€Å"Financial Services ; Market†2nd edition, Vikas Publishing House, Noida, India. 16. Raja rajan (1997,1998) high lightened segmentation of investors on the basis of their characteristics, investment size, and the relationship between stage in life cycle of the investors and their investment pattern. References 1. http://www. kotaksecurities. om/university/ 2. http://www. fpanet. org/ToolsResources/ArticlesBooksChecklists/ 3. http://www. fpanet. org/ToolsResources/ArticlesBooksChecklists/Articles/FinancialPlanning/ 4. http://financial-planning. stsd. wikispaces. net/ 5. http://economictimes. indiatimes. com/ 6. http://www. financialexpress. com/ 7. http://wealth. moneycontrol. com/ Annexure A This questionnaire is solely for th e research purpose and personal information will be treated highly confidential. We strictly follow do not disturb policy. If you do not want to disclose any of the personal information that is fully acceptable.Questionnaire 1) Please check the range below which includes your age: under 30 30-39 40-49 2) Which of the following best describes your current employment situation? Please choose one: Full-time Homemaker Part-time Temporary Unemployed Retired Working Student 3) Please indicate which of the following includes your annual personal income, before taxes: Under INR 5,00,000 INR 5 – 12 LAKHS INR 12 – 18 LAKHS Over INR 18 LAKHS 4) In how many years do you plan to retire? I am retired 15 years 20 years More than 20 years 5) Have you planned for retirement YES NO ) Do you know how much you need after retirement per annum? 6 Lakhs 12 Lakhs 18 Lakhs 24 Lakhs 7) Are you saving for retirement? Yes No 8) Which investment instruments are you aware of? Life Insurance Policy Equity MF Real Estate ETF FD Gold; Precious stones NSC SIP MF Real estate 9) In which of the following instruments you invest for retirement? FD Pension Plans LIC Health Insurance Real Estate Precious Metals and Stones Any other (please Specify) 10) Can you give a % wise break up of investments from above investment instruments? Life Insurance policy NSC Equitydebt InstrumentsMF SIP Real estate Real Estate ETF Gold and silver 11) Do you take a professional help for your financial planning? Yes No 12) Have you started investing in children’s education plan? Yes No 13) Have you done the will? No Yes Thinking 14) Do you have a home loan? Yes No 15) Is your home loan insurance covered? Yes No Partly 16) Does your company give you insurance cover? Yes No 17) Do you hold additional personal Life insurance cover apart from what company provides you? YES NO 18) Which insurance do u hold? Term plan   Life Insurance policy ULIP Name : (optional) Organization Name: (optional)

Linear Equality Applied in Real Life Essay

From the real life situation described in the prior DQ 1, I found out the form of the equation that can be used to analyze situations wherein decisions have to be made. This linear equation is that of the slope: y = ax + b, wherein x is the independent value and its value is fixed. In the problem 40, the x denotes the fixed rate for each minute used. The variable a is the number of minutes consumed for the call and b is the fixed amount the company charged just for using the service. The variable y is the dependent variable and the total amount for the whole service, depending on the number of minutes used. Figure 1, based on problem 40 (McGraw-Hill Companies, 2005) will help to further illustrate the use of the equation. Based on the graph, Company A costs more than Company B up until a certain point, which is when the sum of the calls Rafaella made in one month was 45 minutes. On the other hand, when she made 60 minutes worth of calls in one month, it is seen that Company B started to become a bit more expensive than Company A. Thus, based on the results, Rafaella should choose based on her own estimate of her usage of long-distance calls. If she’ll rarely make calls or call for only a few minutes each month, she should stay subscribed at Company B. However, if she thinks that her total calls would exceed 60 minutes per month, then it is advisable for her to subscribe to Company A. Table 1. Total charges for total minutes of of long-distance calls in one month for Company