commentary assessment

Summary:

In the article “Saving Money By Spending it wisely”, written by Willard Michlin, the writer recalled the interesting personal recount happened when he was in twenty first. He grabbed the opportunity of inflation and earned one thousand and five hundred dollars using his own money. When he grown up, he used the same method, which is spending money buying commodity what is going to be more expensive. The writer also shared a lot of experiences on practicing his methods……


Commentary:
Money would give birth to money

When you plant a seed of soybean into the earth, you are very sure you could get lots of soybean one year later. When you are looking at the hens, you are very sure the eggs under the hens’ belly would become little chickens. When you are staring at the bank account and small amount of interest, have you thought about money could also give birth to money? I can surely tell you:”yes!” In the article “Saving Money by spending it wisely”, written by Willard Michlin, the writer carried out an opinion, which is Saving Money by Spending it wisely. Personally, I fully agree with his opinion. As far as I am concerned, wise choice of spending money could make you richer.

In the society, it is not difficult to find the kind of people who become rich within one single night. The famous businessman Li JiaCheng started his business with a small firm which is making and selling plastic flowers. Several years later, although he was still very poor, but he raised tens of thousands HongKong dollars and invested them into rubber industry in Southeast Asia. His wisdom made him rich within several years. And he is also in financially top twenty in the whole world. Li’s example is the best one to prove that spending money wisely is also a way as well as a better way to save money. In the book “rich dad poor dad”, the writer Robert Kiyosaki compared his real father with the father of his friend. The former is just a normal employer; instead, the latter is an investor. The rich father has never let money stimulate in his bank account. He did investment all the time. In contrast, the poor father has to be worried about his debt. He saved all his money into bank and waited for the interest. At the end, the writer chooses to go along the rich father’s path and spend money wisely on doing some investment. Comparing these two examples with the article, it is easier to find, when you let money give birth to money, it is actually help you to save as well as earn money.

However, many people declared spending money on stocks may be extremely risky. In my opinion, even if you are doing a job with secure salaries, you will not know when you are going to lose your job. It is true that investment is risky. So, many requirements are needed. When you know all the things about investing, you could be benefit from the stream of money exchanged in the stock market.

In one word, reducing amount of using money is not the best way for us to save money. Instead, spending the money wisely is. As what Lyndon Forman has said: “Do not focus on how to spend less money. Focus on how to make more money.”