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Money is something that everyone needs and uses to sustain their daily needs. Everyone has a different amount of money due to a variety of reasons. However, how can someones knowledge of math, help them make money in todays world?
By knowing math, a person is able to keep track of their spending and earnings accurately. When someone buys something, it usually has a specific cost because everyone has to make something. However, if you knew how much you were spending each week and each month and on what, it can help you with financial decisions. Questions like the following can come up: Am I spending too much on something and am I spending too little? When you know math, you can also keep track of how much you earn. If your salary is not satisfactory, you may decide to try something else, put in extra work, and do over time, in order to make more money. Granted this is not easy but is something that can be influenced by our knowledge of math.
In addition to this, if someones knowledge of math is great, they can pursue something that requires the usage of math. Math has many uses and can be used in many different places such as the work area. You can become a math teacher, a math professor, an engineer, an accountant and a stock market analysis. All of these professions require a lot of math.
By knowing math, you can prevent yourself from being a victim of a scam or a deal. Whenever you go out, you see advertisements that can have math figures. These math figures can come in the form of diagrams, graphs and percents. A company can advertise that there stock has increased by 1000 percent which can sound good but isnt if the stock price was marginal before. Someone can say that their store has been on the rise by drawing a misleading graph. They can incorporate small intervals and increments on the graphs so that it looks like they are making a lot of money when they really arent. Numbers can be very misleading especially when smart people try to make something seem like something else.
When you have knowledge of math, you can find great opportunities easily. If you knew that a job was going to pay 50 thousand per year and another job that was going to pay 5 thousand a year, by using math, you can conclude that the second job pays more. If you were given an option by your boss, you can also determine which of the options is better if math is involved.
If you are good at math, it can also help in school. You will likely test better on tests and assignments that involve math. In the end, you will probably earn higher grades which can help you get into a good college where you may be able to get the job of your choice.
When someone is good at math, they can use math to keep them organized. They can keep track of how many days are left in the school year, how many more assignments are left to be done, how many hours they need to sleep and more. When you are organized, everything becomes much easier to deal with. If you are organized, you become a better candidate in everything that you do.
Also, if your job required it, you could use your knowledge of math to land you a job. Some jobs such as a math teacher require that you know a bit of math. If you were good at math, it can help you move up.
In addition, you can also use math to help you predict future events that rely on mathematics. If you were to bet on a horse race, you would need to understand how odds change with the amount of people buying for various horses. If you do, you can understand where you stand and the chances that you will win. You can also use math to help you in gambling. If you were to bet money on something and knew how odds change with each card that is pulled, you can improve your chances of winning money. In the movie, Rainman, the genius was able to play black jack well because of his expansive knowledge of how probability works. He was able to account for each and every card and could play with changing card probabilities on whim. Of course, most people cannot do this, it can be used.
In the end, by having knowledge of math, you are more able to make decisions that can increase your chance to make more money. This can come in, saving money, spending money wisely and more. Math is an important tool to have because of how much it helps us in life.