Management And Bill Gates: The Importance Of Financial Management

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“Money has no utility to me beyond a certain point. Its utility is entirely in building an organization and getting the resources out to the poorest in the world” (Bill Gates, 2008). Bill Gates is the Co-Founder of the Microsoft Co-operation and he is one of the world richest person ever. For the statement that was mentioned, it is clearly stated that he is a professional financial manager and hardworking man too. Bill Gate says that he only has his children’s best interests at heart, wanting them to develop their own lives and not rely on his wealth. Even though Gate came from a middle class family, he struggle for his life and earn a living. Literally, he earns roughly $114.16 in one second but he says “I have no use for money. This is God’s work.”
To begin with, financial management is concerned with the raising financial resources and their effective utilization towards achieving the organization goals. The main focus of the essay is to elaborate more on financial management, it’s importance and find ways on how financial management can elevates one’s standard of living. Financial management refers to the effective and conserving way on the managing of money in such a way that it can satisfy the goal or a target of a particular person or an organization. “While money is everything. It’s essential to a well-balanced life. Managing finances is vital to a person’s life.”(M. Caldwell, 2016). Right from birth to death, money is required at every stage of life. From dawn to

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