The Sweet Spin of Success free essay sample

Napoleon Hill, an American author, once said, â€Å"Edison failed 10,000 times before he made the electric light. Do not be discouraged if you fail a few times.† People do not learn from success, but rather from failing to succeed. To try and fail, but learn from your mistakes is something that not enough people truly know how to do. Knowing that, it seems strange that perseverance is a skill that is necessary to have success in life, one which if developed, makes everything within your reach. Lucky for me when I was three years old my grandfather decided to teach me a simple activity that would help me learn and develop this skill: spinning a top. This seemingly easy action was quite a challenge for me. I was uniquely coordinated and this was one of the few activities that did not come easy to me. I was kind of small for my age, incredibly hyper with the attention span of a chipmunk, and in a hurry to grow up and be one of the â€Å"big kids. We will write a custom essay sample on The Sweet Spin of Success or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page † At this point in my life we could go and visit my grandparents at their home in North County every weekend. They lived in a small, one-story house in Florissant. There were wooden floors in the back of the house, where most of our time was spent. We would play games, or sit around, or just go to the store. One day was different though. My grandfather pulled me away from where I had been playing with my older cousins and told me he was going to teach me how to do something he had taught all of the other cousins. That is what lured me away from my careless frolicking into what turned into and intense day of work. I had always wanted to be like the bigger kids and this was my opportunity to prove that I was in fact a â€Å"big girl.† This was the day that I discovered the determination and willpower that lay within me. My grandfather started explaining how to spin a top by showing me and explaining what you do: hold the top bit between your thumb and forefinger, squeeze it, flick your wrist and release. It seemed simple enough, or so I thought. I picked up the bright red top, mimicked my grandfather’s motions, and†¦nothing†¦it fell. I tried again and had the exact same result. â€Å"How could I be defeated by such a simple task?† I wondered. As I kept trying to get the top to whirl the blaring sounds of the television in the other room became muffled and faded into the background to the point where I could barely hear them. All of my attention was pulled to the fiendish red object and how to make it twirl. As the minutes ticked away, my interest turned into annoyance, which in turn became to frustration, which eventually lead to determination to accomplish this feat. As the afternoon wore on, my cousins had gotten bored with whatever they were doing and formed a crowded ar ound me. All of their encouraging words were falling on deaf ears, my focus was so intense. My focus was so intense that I had failed to notice the passage of time. The sun’s rays danced across the pale blue room. There was nothing besides the top, the table, my grandfather, and myself. Finally, around two hours after we started, I did it: I made the top spin. I couldn’t believe it, all my hard work had paid off. At first I thought it was a fluke, there was no way that after hours of trying that it would happen out of the blue, so I just sat there and stared at it, trapped in my own little world, but as my cousin’s cheers reached my ears and shook my back to reality, I realized that I had indeed accomplished my goal. I tried to spin that top a few more times and kept producing the same result. The top twirled around and around. The bright colors painted on top blurred together in a brilliant rainbow. I could feel the pride radiating of off my grandfather as his chest swelled up. Everyone there was extremely excited and surprised that I managed to find the will and determination it took to attain the patience to sit and learn how to do something. That day I did much more than learn to spin a top and spend an afternoon with my grandfather; I found out that not everything is easy. I discovered that when goals are more difficult to accomplish, the better you feel about being able to do it when you finally can. And because of that discovery it is one of my favorite childhood memories and one that has stayed with me the longest. I found a trait that I would need for many years to come. I discovered how to persevere.

Future of Singapore Public Housing Loan The WritePass Journal

Future of Singapore Public Housing Loan Abstract Future of Singapore Public Housing Loan ). Moreover, the private sector’s better performance and management of the economy was an added reason for the privatization as compared to the public sector’s ability in managing and performance. With the privation of the HDB loans to consumer banks, the annual interest rate returns have since increased and projections show that they will continue to increase in the coming year. This therefore eliminates the high rate hurdle previously presented by HDB through the elimination and minimization of the government regulation on the HDB housing projects. (Li, 2014). Financier of Mortgage loan: Interest rates   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Homebuyer with potential can choose to buy a home with either a HBO loan or Bank loan. The payment scheme chosen will determine the selection of the mortgage partner from which the mortgage loan will be received. Homeowners are able to apply for mortgage loans through HBO and Consumer banks. The above options for loan financier are in place in order to enable potential buyers to decide which best fits their financial capability.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In addition, HDB plays the role of a financier to flat owners by giving mortgage loans. This has enabled Singapore residents to acquire public houses easily and faster with the help of HDB mortgage loan. From a financier’s point of view, a homebuyer applying for a mortgage loan is required to have met their credit assessment and this is assessed with their current system of standard mortgage application. For an eligible flat buyer to have access to a concessionary loan, they must have an HDB Eligibility Letter (HLE) confirming that they are capable of making repayments. This is important because it accesses one’s potential ability to pay back his loan with constraining their personal budget. Before anyone can purchase a flat, they must have a letter of eligibility of HDB. HBO concessionary loan interest is 2.6% which is only 0.1% higher than the Central Provident Fund (CPF). It seems important tor e-examine the interest rate of HBO quarterly in comparison to CPF interest rate to ensure that it stays roughly the same level. This type of system design helps to provide an easier scheme for the mortgagor to service their loan payment, and ensure they constantly pay without defaults. This interest rate of the HBO loan has been in existence for over 15 years (Ong, 2010). Contrary to this, banks interest rate is currently 1%. The interest is dynamic and not constant because it is determined by a number of other factors which affects the operation of the bank such as its business strategy, the prevailing market situation and commercial decisions. It is determined jointly by all the financial institution in Singapore. This system make it unreliable because it is not constant, it keeps fluctuating based on the above mentioned factors. Even though HBO mortgage offer low amount of loans, HBO mortgage scheme remain the most suitable financier to mortgage loan. Unfortunately, and since the privatisation of HBO, all those who wish to finance their resale and acquisition of HBO public housing will have to apply loans to various banks licensed by the monetary fund to give mortgage loans to public housing acquisition and resale. Immigration There are benefits to being a citizen in Singapore. Singapore is one of the major cities in Asia in terms of wealth and culture. To buy and rent an HBD flat, one has to be 21 years or older and a citizen to Singapore. Another benefit that the citizens of Singapore are entitled to is obtain loans at concessionary interest rate with HBO to help them in obtaining the flats. In addition to this, they are also offers for citizens who obtain public houses for the first time such as subsidies, for instance grants offered by the government as a cushion to aid those buying public houses. Citizens also enjoy lower rates for houses repairs (Adams, 2014). Conclusion In conclusion, the number of public house owners in Singapore is bound to increase in the near future with increase in mortgage.   The performance of HDB’s hurdle interest is expected to increase on an annual basis with the privatisation to consumer banks to aid in the mortgage loan financing. This has facilitated the process of solving the housing problem in Singapore owing to the fact that the government has provided a more reliable and efficient option to help people buy property. Although the current market is not promising, the government is working hard to curb the situation and enable more Singapore in the coming year to own public house. This will enable them to deal with the housing problems and concentrate in development of other sectors of the economy thereby increase their national income and dominate in the leading economy (Li, 2014). Bibliography Adams, J. (2014, October 10). Bleeding the banks. Retrieved October 31, 2014. Li Sen, S. (2014, October 3). Spike in bad home loans swells Singapore banks NPLs. Retrieved October 31, 2014. Ong, S. (2010). Housing affordability and upward mobility from public to private housing in Singapore. Singapore: S.E. Ong].