Business of Finance, by Cyrielle de Montgolfier

Business of Finance

We start our day with a lunch in Argo Tea, a chic and friendly place in the center of Chicago. We had the chance to have with us a guest speaker, Dave Ruths, who is a Certified Financial Planner. He talked about his background and his job as a financial advisor. 

After being graded of Queens University, he learned finance and computer programing. He done an internship during 3 month in the bank of America, one of the several largest national bank in the States. 
After that he worked for computer programing in a financial bank. And he moved to the back-office to work individuality with his own clients, people who want saving investment.

During his all carrer, Mr Ruth is someone who is very passionate by helping people, he loves work and have interaction with them. He helps a lots of professionals and individuals person with saving money and investment for their futur project, he was here to advice all their financial plans.  

In the US, different than in France, people have to take care of their own money, they have to save and invest their money for the futur. The government don’t really help the citizen with that, no pension and other help that we can have in France. That why people like him is very important in the States.

To me money mean a lot, its a price, a reward of a hard work. It hold or not an economy in right way, a country to grow up and in that case it make relationship between countries, peoples. Money also have history, values who change during the century. Money makes differences with people and put everyone somewhere in some different social classes. We are almost all interest about money because life can offer you so much thing, but to get what you want you have to work hard and get the money who will be able to give what you wish and you’ll wish. 

After our lunch we went to the Federal Bank Reserve where Money Museums takes place. This central bank was create quite late after private and public bank. The Federal banking was create in 1913 following several banking crises. Her three mains goals are full employment, stable prices ( the monitory policy) and interest rates in the long term ( keep a good economy).

Something I enjoyed to learn in the Money Museum is all the explanation of the american bills. All symbols you can find in them, like in the bills of 2 dollars,  the scene of the signature of Declaration of Independence is drawing but not the full painting because of a lake of space. Or beside of the Lincoln’s portrait in the bills of 5 dollars there are two symbols of freedom, an arch of purple stars and the Great Seal. Also a letter in printed in function of the distribution of all different Federal Reserve Bank, like the G for Chicago and the B for New York.

Links :
http://argotea.com/location/chicago 
https://www.linkedin.com/in/dwrstock 
https://www.chicagofed.org/banking/index