English Composition Exercise

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Composition Exercise 2

Introduction

Every business’ goal is to be sustainable, both socially and economically. Kriel believes that organizations may be applying impractical approaches to achieve financial success. The ten steps that include respective money and being indifferent towards it, renting to own, building and owning infrastructure, and seeking alternative solutions aim at helping businesses make sound financial decisions regardless of their sizes or age. Kriel’s documentary is revelatory and focus on financially successful people as their techniques are already practical with their case. This paper explores the wider issues that Kriel emphasizes on his documentary and the practicality of his ten steps to financial success.

Examining why Anton Kriel want to do this interview

The objective of the interview is not trading or money, but a broader topic. Therefore, Kriel is concerned about the lack of freedom and independence that young people enjoy in the freest societies and economies in history. The result is an epic journey around the world that provides insight into the life of one of the world's most successful financial market traders over the past 20 years and Kriel’s philosophy on money, business and life (Kriel). During the interview, Kriel shared 10 key information which, if followed and applied over time, will help everyone achieve financial success and gain their freedom. Kriel also sought revelations about how the rich think and how they built money and infrastructure issues for prosperity and an optimal lifestyle. The interview is generally aimed at examining 10 Secrets of Financial Success in a journey to becoming financially successful.

The “wider issues” that the video presents

Wider issues, as presented in the video constitute millions of ways in which people can solve all their financial problems. For entrepreneurs, there are many unforeseen problems that can pose many challenges, with many of them involving financial reasons. Whether there is insufficient cash flow or accurate reconciliation reports are not received every month, proper reporting and transparency can prevent many problems with small businesses. The key to avoiding financial ruin is to ask the right questions and know what steps and controls are needed to solve the problem if something goes wrong.

As Kriel puts, "The bigger problem is to think of a million ways to solve financial problems (Kriel)." Even profitable businesses can fail due to inadequate cash flow management. The income inflows and outflows need to be closely monitored to get a picture of profitability. Most traditional degrees would not help one improve cash flow. Entrepreneurs are used to keep historical records, not to run a business. Time management is another broader topic that Kriel describes. Most people who "manage" their investments try to determine the timing of the market or choose mutual funds based on past performance. Neither one is very productive nor can both actually be counterproductive.

The “secret” that I find most useful and how I could apply it

I believe that building and owning one’s infrastructure is most useful to me as it is the major driver of economic growth. According to Kriel, Infrastructure is at the center of this agenda and it is a key driver of economic growth and inclusive development (Kriel). This is also the key to fighting climate change. Negative interest rates and quantitative easing (QE) are part of the unconventional monetary policy that central banks are pursuing in their quest to kick start their economies (Schwantes). In addition, the effects are inconsistent and the negative effects such as savings made are being noticed by more people.

Therefore, I believe that this concept is one of the few real solutions to many of our current problems and is likely to be the start of a broader multi-year investment trend. Infrastructure investment is an attractive long-term solution that only becomes attractive in today's weak global economy as politicians and central banks seek new ways to boost their economies and private investors seek assets that can meet the challenges of return.

Conclusion

Kriel holds that organizations should focus on the ten steps to achieve their financial success. The objective of the interview is not trading or money, but a wider topic about financial management. Kriel is concerned about the lack of freedom and independence that young people enjoy in the freest societies and economies in history. Supporting Kriel’s assertions, I believe that seeking alternative education as one step towards this goal promotes freedom among all organizational stakeholders. Also, while all his steps are practical, I believe that building and owning one’s own infrastructure is the most applicable and practical. Infrastructure is at the center of financial agenda and it is a key driver of economic growth and inclusive development.

Works Cited

Kriel, Anton. "10 Secrets to Achieve Financial Success." YouTube, 2021, www.youtube.com/watch?v=4a51wQAOGR4.

Schwantes, Marcel. "Warren Buffett Says This 1 Simple Habit Separates Successful People From Everyone Else." Pocket, getpocket.com/explore/item/warren-buffett-says-this-1-simple-habit-separates-successful-people-from-everyone-else?utm_source=pocket-newtab.