Capital Budgeting - What Is Capital Budgeting

Capital budgeting  - what is capital budgeting

Capital budgeting, or investment appraisal, is the planning process used to determine whether an organization's long term investments such as new machinery, replacement of machinery, new plants, new products, and research development projects are worth the funding of cash through the firm's capitalization structure (debt, equity or retained earnings). It is the process of allocating resources for major capital, or investment, expenditures. One of the primary goals of capital budgeting investments is to increase the value of the firm to the shareholders.

Many formal methods are used in capital budgeting, including the techniques such as

  • Accounting rate of return
  • Average accounting return
  • Payback period
  • Net present value
  • Profitability index
  • Internal rate of return
  • Modified internal rate of return
  • Equivalent annual cost
  • Real options valuation

These methods use the incremental cash flows from each potential investment, or project. Techniques based on accounting earnings and accounting rules are sometimes used - though economists consider this to be improper - such as the accounting rate of return, and "return on investment." Simplified and hybrid methods are used as well, such as payback period and discounted payback period.

Capital budgeting  - what is capital budgeting
Net present value

'Net Present value:'

Project classifications

Capital budgeting projects are classified as either Independent Projects or Mutually Exclusive Projects. An Independent Project is a project whose cash flows are not affected by the accept/reject decision for other projects. Thus, all Independent Projects which meet the Capital Budgeting criterion should be accepted.

Mutually exclusive projects are a set of projects from which at most one will be accepted. For example, a set of projects which are to accomplish the same task. Thus, when choosing between "mutually exclusive projects", more than one project may satisfy the capital budgeting criterion. However, only one, i.e., the best, project can be accepted.

Of these three, only the net present value and internal rate of return decision rules consider all of the project's cash flows and the time value of money. As we shall see, only the net present value decision rule will always lead to the correct decision when choosing among mutually exclusive projects. This is because the net present value and internal rate of return decision rules differ with respect to their reinvestment rate assumptions. The net present value decision rule implicitly assumes that the project's cash flows can be reinvested at the firm's cost of capital, whereas the internal rate of return decision rule implicitly assumes that the cash flows can be reinvested at the project's IRR. Since each project is likely to have a different IRR, the assumption underlying the net present value decision rule is more reasonable.

Capital budgeting  - what is capital budgeting
Internal rate of return

The internal rate of return (IRR) is defined as the discount rate that gives a net present value (NPV) of zero. It is a commonly used measure of investment efficiency.

The IRR method will result in the same decision as the NPV method for (non-mutually exclusive) projects in an unconstrained environment, in the usual cases where a negative cash flow occurs at the start of the project, followed by all positive cash flows. In most realistic cases, all independent projects that have an IRR higher than the hurdle rate should be accepted. Nevertheless, for mutually exclusive projects, the decision rule of taking the project with the highest IRR - which is often used - may select a project with a lower NPV.

In some cases, several zero NPV discount rates may exist, so there is no unique IRR. The IRR exists and is unique if one or more years of net investment (negative cash flow) are followed by years of net revenues. But if the signs of the cash flows change more than once, there may be several IRRs. The IRR equation generally cannot be solved analytically but only via iterations.

One shortcoming of the IRR method is that it is commonly misunderstood to convey the actual annual profitability of an investment. However, this is not the case because intermediate cash flows are almost never reinvested at the project's IRR; and, therefore, the actual rate of return is almost certainly going to be lower. Accordingly, a measure called Modified Internal Rate of Return (MIRR) is often used.

Despite a strong academic preference for NPV, surveys indicate that executives prefer IRR over NPV, although they should be used in concert. In a budget-constrained environment, efficiency measures should be used to maximize the overall NPV of the firm. Some managers find it intuitively more appealing to evaluate investments in terms of percentage rates of return than dollars of NPV.

Capital budgeting  - what is capital budgeting
Equivalent annuity method

The equivalent annuity method expresses the NPV as an annualized cash flow by dividing it by the present value of the annuity factor. It is often used when assessing only the costs of specific projects that have the same cash inflows. In this form it is known as the equivalent annual cost (EAC) method and is the cost per year of owning and operating an asset over its entire lifespan.

It is often used when comparing investment projects of unequal lifespans. For example, if project A has an expected lifetime of 7 years, and project B has an expected lifetime of 11 years it would be improper to simply compare the net present values (NPVs) of the two projects, unless the projects could not be repeated.

The use of the EAC method implies that the project will be replaced by an identical project.

Alternatively the chain method can be used with the NPV method under the assumption that the projects will be replaced with the same cash flows each time. To compare projects of unequal length, say 3 years and 4 years, the projects are chained together, i.e. four repetitions of the 3-year project are compare to three repetitions of the 4-year project. The chain method and the EAC method give mathematically equivalent answers.

The assumption of the same cash flows for each link in the chain is essentially an assumption of zero inflation, so a real interest rate rather than a nominal interest rate is commonly used in the calculations.

Capital budgeting  - what is capital budgeting
Real options

Real options analysis has become important since the 1970s as option pricing models have gotten more sophisticated. The discounted cash flow methods essentially value projects as if they were risky bonds, with the promised cash flows known. But managers will have many choices of how to increase future cash inflows, or to decrease future cash outflows. In other words, managers get to manage the projects - not simply accept or reject them. Real options analysis tries to value the choices - the option value - that the managers will have in the future and adds these values to the NPV.

Capital budgeting  - what is capital budgeting
Ranked projects

The real value of capital budgeting is to rank projects. Most organizations have many projects that could potentially be financially rewarding. Once it has been determined that a particular project has exceeded its hurdle, then it should be ranked against peer projects (e.g. - highest Profitability index to lowest Profitability index). The highest ranking projects should be implemented until the budgeted capital has been expended.

Capital budgeting  - what is capital budgeting
Funding sources

Capital budgeting investments and projects must be funded through excess cash provided through the raising of debt capital, equity capital, or the use of retained earnings. Debt capital is borrowed cash, usually in the form of bank loans, or bonds issued to creditors. Equity capital are investments made by shareholders, who purchase shares in the company's stock. Retained earnings are excess cash surplus from the company's present and past earnings.

Capital budgeting  - what is capital budgeting
Need

  1. As large sum of money is involved which influences the profitability of the firm making capital budgeting an important task.
  2. Long term investment once made can not be reversed without significant loss of invested capital. The investment becomes sunk, and mistakes, rather than being readily rectified, must often be borne until the firm can be withdrawn through depreciation charges or liquidation. It influences the whole conduct of the business for the years to come.
  3. Investment decisions are the based on which the profit will be earned and probably measured through the return on the capital. A proper mix of capital investment is quite important to ensure adequate rate of return on investment, calling for the need of capital budgeting.
  4. The implication of long term investment decisions are more extensive than those of short run decisions because of time factor involved, capital budgeting decisions are subject to the higher degree of risk and uncertainty than short run decision.
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Dave Ramsey - David Ramsey Budget

Dave Ramsey  - david ramsey budget

David L. "Dave" Ramsey III (born September 3, 1960) is an American businessman, author, radio host, television personality, and motivational speaker.

Ramsey's syndicated radio program, The Dave Ramsey Show, is heard on more than 500 radio stations throughout the United States and Canada, in podcast format, on IHeartRadio, the Dave Ramsey Show iOS application, live on YouTube, as well as live audio and video on DaveRamsey.com. He has written numerous books including five New York Times bestsellers. His books and broadcasts often feature a Christian perspective that reflects Ramsey's religious beliefs. Ramsey was named the 2009 Marconi Award winner for Network/Syndicated Personality of the Year, and was inducted into the National Radio Hall of Fame in 2015.

Ramsey's company, The Lampo Group, Inc., headquartered in Brentwood, Tennessee, oversees six divisions geared toward financial education.

Ramsey has been featured on many media outlets including The Oprah Winfrey Show, 60 Minutes, and The Early Show. He recorded a pilot and six unaired episodes of The Dave Ramsey Project for CBS. He was the host of the television program The Dave Ramsey Show, which aired on the Fox Business Network until June 2010.

Dave Ramsey  - david ramsey budget
Biography

Ramsey was born and raised in Antioch, Tennessee. He was a 1982 graduate of the College of Business Administration at University of Tennessee, Knoxville with a degree in Finance and Real Estate. At the age of 26, through his brokerage firm Ramsey Investments, Inc., he built a rental real estate portfolio worth more than $4 million and became one of Tennessee's youngest brokers to be admitted to the Graduate Realtors Institute.

Ramsey's success soon came to an end as the Tax Reform Act of 1986 began to have a negative impact on the real estate business. One of Ramsey's largest creditors was sold to a larger bank, which began to take a harder look at Ramsey's borrowing habits. The bank demanded he pay $1.2 million worth of short-term notes within 90 days, forcing him to file for bankruptcy relief. Sixty days later another bank demanded nearly $800,000.

After recovering financially, Ramsey began counseling couples at his local church. Soon after offering private counseling services, Ramsey began attending every workshop and seminar on consumer financial problems that he could find. He developed a simple set of lessons and materials based partially on his own experience and on works and teachings by Larry Burkett, Ron Blue and Art Williams of A.L. Williams company now called Primerica. In 1992, after many requests from his clients, he wrote his first book, Financial Peace.

Ramsey has been married to his wife, Sharon, for over 30 years. They have three children: Denise, Rachel, and Daniel. The family resides in Franklin, Tennessee.

Dave Ramsey  - david ramsey budget
The Dave Ramsey Show

Twenty-five years ago, Ramsey started his radio career by co-hosting the show The Money Game with Roy Matlock of Primerica. Over time, that local show on one radio station in Nashville turned into The Dave Ramsey Show. With a combined listenership of over 12 million weekly, the show is available on more than 575 radio stations, a dedicated YouTube channel, SiriusXM, iHeartRadio, a podcast on iTunes and Google Play, and a video channel on daveramsey.com. In 2007, the Fox Business Network launched a television show under the same title, but canceled the show in June 2010.

Dave Ramsey  - david ramsey budget
Related companies

The Lampo Group, Inc.

Ramsey founded his company, The Lampo Group, Inc., in 1992, initially helping people one-on-one who were struggling with financial issues. In 1994, he hired Russ Carroll, Ramsey's lead financial counselor, and together they began teaching the first Financial Peace University classes on overhead projectors. Between 1999 and 2004, The Lampo Group grew from 18 to 105 team members. There are currently over 500 team members.

Ramsey runs his business completely debt-free, an accomplishment he states was critical to the success of his company.

Financial Peace University

Ramsey is also the creator of Financial Peace University, a biblically based training series for adults that integrates video teaching, class discussions, and small group activities. The video series lasted for 13 weeks until August 2012 when it was relaunched as a 9-week program. Some topics covered in the series are cash flow planning, investing, saving, credit, retirement, and giving.

EntreLeadership

The word EntreLeadership describes the responsibilities of a small business owner as an entrepreneur (Entre) and as a leader (Leadership). EntreLeadership is also the name of a small business conference developed by Dave Ramsey. The principles presented at EntreLeadership seminars are the core principles of how Ramsey grew his company debt-free. EntreLeadership is available to small-business owners in several forms; a one-day abbreviated seminar; and a five-day master series event located in Nashville, Tenn; a multi-day Summit; and as premium online content. Ramsey also released the book titled EntreLeadership in 2011. The book rose to the New York Times Bestseller's list nearly overnight. EntreLeadership marked the fourth time Dave Ramsey has been listed on the New York Times Bestseller's list.

The Legacy Journey

In 2013, Ramsey and the Lampo Group launched the followup to Financial Peace University, The Legacy Journey. This course is a biblically based training series for adults lasting seven weeks focused on "what's next?" after getting out of debt and, like Financial Peace University, integrates video teaching, class discussions, and small group activities. Some topics covered in this series are a deeper look into investing, basic estate planning, purposeful living, safeguarding your legacy, and discovering the keys to generational wealth and true generosity.

EveryDollar

EveryDollar is a budgeting tool that was created by Ramsey Solutions, available online, on iOS, and Android. Users list all sources of income and they give every dollar a name for the month, based on zero-based budgeting.

Dave Ramsey  - david ramsey budget
Financial advice

Ramsey supports the debt snowball method, where debtors pay off their lowest balance debt first instead of paying off their highest interest rate debt first. While this approach has been criticized by some, such as NerdWallet.com, other research such as that done by the Kellogg School of Management has found that the debt snowball method is generally effective. The article stated that the small victories give debtors motivation.A 2016 study by Harvard Business School also found people who used the snowball method to pay off their smallest account first paid down more of their debt than those who used other methods.

Ramsey states that investors can get a 12% average annual return and this is the number he uses in financial analyses. Critics state that using an average annual return rate is misleading and that the compound annual growth rate is a better measurement when planning investments. Most individuals are unaware of this difference. Critics have also stated that a 12% return is unrealistic. According to the Motley Fool, following Ramsey's calculations could cause individuals to be seriously under-invested for retirement.

Ramsey recommends investors to hold all their investments in stock mutual funds, with no bonds, which has been criticized as stocks are more volatile than bonds. Ramsey recommends that retirees withdraw 8% of their retirement each year.

Ramsey recommends individuals buy term life insurance instead of cash value insurance or return of premium life insurance and invest the savings.

The Nashville Scene has reported that Ramsey occasionally receives emails and letters containing the red-letter Bible verse: "And again I say unto you, it is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God." Ramsey interprets such communications as a rebuke of his own wealth and a call for poverty, dismissing these letters as “doctrinal nitpicking.” He instead points to Matthew 25:13-30 and the good Samaritan as examples of being a good steward of money. asking rhetorically how broke people can help the poor.

In 2010, Ramsey received criticism on social media sites for building a large and lavish home. He responded that the cost of the home was paid in cash, represented a very low percentage of his net worth, and had already been used to host many fundraisers for ministries, charities and community causes.

Dave Ramsey  - david ramsey budget
Bibliography

Personal finance

  • Financial Peace: Restoring Financial Hope to You and Your Family (1997) ISBN 0-670-87361-6
  • The Financial Peace Planner: A step-by step guide to restoring your family's financial health (1998) ISBN 0-14-026468-X
  • How to Have More than Enough: A Step-by-Step Guide to Creating Abundance (2000) ISBN 0-14-028193-2
  • More than Enough: The Ten Keys to Changing Your Financial Destiny (2002) ISBN 0-14-200047-7
  • Financial Peace Revisited (2002) ISBN 0-670-03208-5
  • The Total Money Makeover: A Proven Plan For Financial Fitness (2003) ISBN 0-7852-6326-8
  • Total Money Makeover Workbook (2004) ISBN 0-7852-6327-6
  • The Money Answer Book: Quick Answers to Everyday Financial Questions (2005) ISBN 0-8499-9619-8
  • Priceless: Straight-Shooting, No-Frills Financial Wisdom (2006) ISBN 0-9774895-9-0
  • EntreLeadership: 20 Years of Practical Business Wisdom from the Trenches (2011) ISBN 978-1-4516-1785-6
  • Dave Ramsey's Complete Guide To Money: The Handbook of Financial Peace University (2012) ISBN 978-1-9370-7720-4
  • Smart Money Smart Kids: Raising the Next Generation to Win With Money (2014) ISBN 1937077632 (co-authored by Ramsey's daughter Rachel Cruze)
  • The Legacy Journey: A Radical View of Biblical Wealth and Generosity (2014) ISBN 1937077713

Kids' books

  • The Super Red Racer: Junior Discovers Work (2003) ISBN 0-9726323-0-1
  • Careless At The Carnival: Junior Discovers Spending (2003) ISBN 0-9726323-1-X
  • The Big Birthday Surprise: Junior Discovers Giving (2003) ISBN 0-9726323-2-8
  • My Fantastic Fieldtrip: Junior Discovers Saving (2003) ISBN 0-9726323-3-6
  • A Special Thank You: Junior Discovers Integrity (2005) ISBN 0-9769630-0-0
  • Battle of the Chores: Junior Discovers Debt (2005) ISBN 0-9769630-1-9

Contributions

  • 48 Days to the Work You Love by Dan Miller, Foreword by Dave Ramsey (2005) ISBN 0-8054-3188-8
  • Thou Shall Prosper (Second Edition): Ten Commandments for Making Money by Rabbi Daniel Lapin, Foreword by Dave Ramsey (2009) ISBN 0470485884
  • Retire Inspired: It's Not an Age, It's a Financial Number by Chris Hogan, Foreword by Dave Ramsey (2016) ISBN 1937077810
  • Love Your Life, Not Theirs: 7 Money Habits for Living the Life You Want by Rachel Cruze, Foreword by Dave Ramsey (2016) ISBN 1937077977
  • Business Boutique: A Woman's Guide to Making Money Doing What She Loves by Christy Wright, Foreword by Dave Ramsey (2017) ISBN 1942121032

Spanish translations

The Total Money Makeover, Financial Peace Revisited, and More than Enough have been translated into Spanish.

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Iron Man (2008 Film) - Man Cave Ideas On A Budget

Iron Man (2008 film)  - man cave ideas on a budget

Iron Man is a 2008 American superhero film based on the Marvel Comics character of the same name, produced by Marvel Studios and distributed by Paramount Pictures.1 It is the first film in the Marvel Cinematic Universe. The film was directed by Jon Favreau, with a screenplay by Mark Fergus & Hawk Ostby and Art Marcum & Matt Holloway. It stars Robert Downey Jr., Terrence Howard, Jeff Bridges, Shaun Toub and Gwyneth Paltrow. In Iron Man, Tony Stark, an industrialist and master engineer, builds a powered exoskeleton and becomes the technologically advanced superhero Iron Man.

The film had been in development since 1990 at Universal Pictures, 20th Century Fox, or New Line Cinema at various times, before Marvel Studios reacquired the rights in 2006. Marvel put the project in production as its first self-financed film, with Paramount Pictures as its distributor. Favreau signed on as director, aiming for a naturalistic feel, and he chose to shoot the film primarily in California, rejecting the East Coast setting of the comics to differentiate the film from numerous superhero films set in New York City-esque environments. Filming began in March 2007 and concluded in June. During filming, the actors were free to create their own dialogue because pre-production was focused on the story and action. Rubber and metal versions of the armors, created by Stan Winston's company, were mixed with computer-generated imagery to create the title character.

Iron Man premiered in Sydney on April 14, 2008, and was released in theaters on May 2, 2008. The film was a critical and commercial success, grossing over $585 million and garnering widespread critical acclaim. Downey's performance as Tony Stark was particularly praised. The American Film Institute selected the film as one of the ten best of the year. It was also nominated for two Academy Awards for the Best Sound Editing and the Best Visual Effects. Two sequels, Iron Man 2 and Iron Man 3, were released on May 7, 2010, and May 3, 2013, respectively.

Iron Man (2008 film)  - man cave ideas on a budget
Plot

Genius, billionaire, and playboy Tony Stark, who has inherited the defense contractor Stark Industries from his father, is in war-torn Afghanistan, with his friend and military liaison Lieutenant Colonel James Rhodes, to demonstrate the new "Jericho" missile. After the demonstration, the convoy is ambushed and Stark is critically wounded by one of his own company's rocket-propelled grenades. He is captured and imprisoned in a cave by a terrorist group, the Ten Rings; Yinsen, a fellow captive who is a doctor, implants an electromagnet into Stark's chest to keep the shrapnel shards that wounded him from reaching his heart and killing him. Ten Rings leader Raza offers Stark freedom in exchange for building a Jericho missile for the group, but Tony and Yinsen agree Raza will not keep his word.

Stark and Yinsen quietly build a smalll, powerful electric generator called an arc reactor to power Stark's electromagnet and a suit of powered armor to aid in their escape. Although they keep the suit hidden almost to completion, the Ten Rings discover their hostages' intentions and attack the workshop. Yinsen sacrifices himself to divert them while the suit is completed. The armored Stark battles his way out of the cave to find the dying Yinsen, then in anger burns the Ten Rings' weapons and flies away, crashing in the desert and destroying the suit. After being rescued by Rhodes, Stark returns home and announces that his company will no longer manufacture weapons. Obadiah Stane, his father's old partner and the company's manager, advises Stark that this may ruin Stark Industries and his father's legacy. In his home workshop, Stark builds a sleeker, more powerful version of his improvised armor suit, as well as a more powerful arc reactor for his chest. Personal assistant Pepper Potts places the original reactor inside a small glass showcase. Though Stane requests details, Stark keeps his work to himself.

At a charity event held by Stark Industries, reporter Christine Everhart informs Stark that his company's weapons, including the Jericho, were recently delivered to the Ten Rings and are being used to attack Yinsen's home village, Gulmira. Stark also learns Stane is trying to replace him as head of the company. Enraged by these revelations, Stark dons his new armor and flies to Afghanistan, where he saves the villagers. While flying home, Stark is shot at by two F-22 Raptor fighter jets. He reveals his secret identity to Rhodes over the phone in an attempt to end the attack. Meanwhile, the Ten Rings gather the pieces of Stark's prototype suit and meet with Stane, who subdues Raza and has the rest of the group killed. Stane has a massive new suit reverse engineered from the wreckage. Seeking to find any other weapons delivered to the Ten Rings, Stark sends Pepper to hack into the company computer system from Stane's office. She discovers Stane has been supplying the terrorists and hired the Ten Rings to kill Stark, but the group reneged. Potts meets with Agent Phil Coulson of S.H.I.E.L.D., a counter-terrorism agency, to inform him of Stane's activities.

Stane's scientists cannot duplicate Stark's arc reactor, so Stane ambushes Stark at his home and takes the one from his chest. Stark manages to get to his original reactor to replace it. Potts and several S.H.I.E.L.D. agents attempt to arrest Stane, but he dons his suit and attacks them. Stark fights Stane, but is outmatched without his new reactor to run his suit at full capacity. The fight carries Stark and Stane to the top of the Stark Industries building, and Stark instructs Potts to overload the large arc reactor powering the building. This unleashes a massive electrical surge that causes Stane and his armor to fall into the exploding reactor, killing him. The next day, at a press conference, Stark defies suggestions from S.H.I.E.L.D. and publicly admits to being the superhero the press has dubbed "Iron Man".

In a post-credits scene, S.H.I.E.L.D. Director Nick Fury visits Stark at home, telling him that Iron Man is not "the only superhero in the world", and explaining that he wants to discuss the "Avenger Initiative".

Iron Man (2008 film)  - man cave ideas on a budget
Cast

  • Robert Downey Jr. as Tony Stark / Iron Man:
An industrialist, genius inventor, and consummate playboy, he is CEO of Stark Industries and a chief weapons manufacturer for the U.S. military. Director Jon Favreau felt Downey's past made him an appropriate choice for the part, and that the actor could make Stark a "likable asshole," but also depict an authentic emotional journey once he won over the audience. Favreau was also attracted to Downey from his performance in Kiss Kiss Bang Bang, with Downey frequently conversing with that film's director, Shane Black, about the script and dialogue in Iron Man. Downey had an office next to Favreau during pre-production, which allowed him greater involvement in the screenwriting process, especially adding humor to the film. Downey explained, "What I usually hate about these [superhero] movies [is] when suddenly the guy that you were digging turns into Dudley Do-Right, and then you're supposed to buy into all his 'Let's go do some good!' That Eliot Ness-in-a-cape -type thing. What was really important to me was to not have him change so much that he's unrecognizable. When someone used to be a schmuck and they're not anymore, hopefully they still have a sense of humor." To prepare, Downey spent five days a week weight training and practiced martial arts to get into shape, which he said benefited him because "it's hard not to have a personality meltdown [...] after about several hours in that suit. I'm calling up every therapeutic moment I can think of to just get through the day."
  • Terrence Howard as James "Rhodey" Rhodes:
A friend of Stark's, and the liaison between Stark Industries and the United States Air Force in the department of acquisitions, specifically weapons development. Favreau cast Howard because he felt he could play War Machine in a sequel. Howard prepared for the role by visiting Nellis Air Force Base on March 16, 2007, where he ate with the pilots and observed HH-60 Pave Hawk rescue helicopters and F-22 Raptors. While Rhodes is roguish in the comics after he met Stark, his earlier disciplinarian character forms a dynamic with Stark, and he is unsure whether or not Stark's actions are acceptable. "Rhodey is completely disgusted with the way Tony has lived his life, but at a certain point he realizes that perhaps there is a different way," Howard said. "Whose life is the right way; is it the strict military life, or the life of an independent?" Howard and his father are Iron Man fans, partly because Rhodes was one of the few black superheroes when he was a child. He was a D owney fan since he saw him in Weird Science, and the two competed physically on set.
  • Jeff Bridges as Obadiah Stane:
Stark's business second-in-command, mentor and friend who turns on him to overtake the company, eventually building a giant exosuit to fight Stark. Bridges read the comics as a boy and liked Favreau's modern, realistic approach. He shaved his head, something he had wanted to do for some time, and grew a beard for the role. Bridges googled the Book of Obadiah, and was surprised to learn retribution is a major theme in that book of the Bible, something which Stane represents. Many of Stane's scenes were cut to focus more on Stark, but the writers felt Bridges's performance allowed the application of "less is more".
  • Shaun Toub as Yinsen:
Stark's fellow captive, who grafts an electromagnet to Stark's chest "to keep the shrapnel shell shards that wounded him from reaching his heart and killing him", and who helps Stark build the first Iron Man suit.
  • Gwyneth Paltrow as Pepper Potts:
Stark's personal assistant and budding love interest. Paltrow asked Marvel to send her any comics they would consider relevant to her understanding of the character, who she considered to be very smart, levelheaded, and grounded. She said she liked "the fact that there's a sexuality that's not blatant." Favreau wanted Potts' and Stark's relationship to be reminiscent of a 1940s comedy, something which Paltrow considered to be fun in an "innocent yet sexy" way.

Additionally, Faran Tahir appears as Raza, the leader of the Ten Rings; Paul Bettany voices J.A.R.V.I.S., Stark's personal AI system; Leslie Bibb portrays Christine Everhart, a reporter for Vanity Fair; and Clark Gregg appears as Phil Coulson, an agent of S.H.I.E.L.D.. Will Lyman provides the voiceover during the opening award ceremony. Director Jon Favreau plays Happy Hogan, Stark's bodyguard and chauffeur, and Samuel L. Jackson makes a cameo appearance as Nick Fury, director of S.H.I.E.L.D., in a post-credits scene. Jackson's face was previously used as the model for the Ultimate Marvel imprint version of Nick Fury. Other cameos in the film include Stan Lee as himself, being mistaken for Hugh Hefner by Stark at a party; Tom Morello, who provided guitar music for the film, as a terrorist guard; and Jim Cramer as himself. Ghostface Killah had a cameo in a scene where Stark briefly stays in Dubai, but the scene was cut from the theatrical release for pac ing reasons.

Iron Man (2008 film)  - man cave ideas on a budget
Production

Development

In April 1990, Universal Studios bought the rights to develop Iron Man for the big screen, with Stuart Gordon to direct a low-budget film based on the property. By February 1996, 20th Century Fox had acquired the rights from Universal. In January 1997, Nicolas Cage expressed interest in portraying the character, while in September 1998, Tom Cruise expressed interest in producing as well as starring in an Iron Man film. Jeff Vintar and Iron Man co-creator Stan Lee co-wrote a story for Fox, which Vintar adapted into a screenplay. It included a new science-fiction origin for the character, and featured MODOK as the villain. Tom Rothman, President of Production at Fox, credited the screenplay with finally making him understand the character. In May 1999, Jeffrey Caine was hired to rewrite Vintar and Lee's script. That October, Quentin Tarantino was approached to write and direct the film. Fox sold the rights to New Line Cinema the following December, reasoning that although the Vintar/Lee script was strong, the studio had too many Marvel superheroes in development, and "we can't make them all."

By July 2000, the film was being written for New Line by Ted Elliott, Terry Rossio, and Tim McCanlies. McCanlies' script used the idea of a Nick Fury cameo to set up his own film. In June 2001, New Line entered talks with Joss Whedon, a fan of the character, to direct, and in December 2002, McCanlies had turned in a completed script. In December 2004, the studio attached director Nick Cassavetes to the project for a target 2006 release. Screenplay drafts were written by Alfred Gough, Miles Millar, and David Hayter, and pitted Iron Man against his father Howard Stark, who becomes War Machine. After two years of unsuccessful development, and the deal with Cassavetes falling through, New Line Cinema returned the film rights to Marvel.

In November 2005, Marvel Studios worked to start development from scratch, and announced Iron Man as their first independent feature, as the character was their only major one not already depicted in live action. According to associate producer Jeremy Latcham, "we went after about 30 writers and they all passed", saying they were uninterested in the project due to both the relative obscurity of the character and it being a solely Marvel production. Even the rewrites when the film had a script led to many refusals. In order to build awareness for Iron Man from the general public, and put him on the same level of popularity as Spider-Man or Hulk, Marvel conducted focus groups to help remove the general perception that the character was a robot. After the groups proved successful, the information Marvel received helped them formulate an awareness-building plan, which included releasing three animated short films ahead of the film's release. The shorts were called "Iron Man Adv ertorials", and were produced by Tim Miller and Blur Studio.

Pre-production

Jon Favreau was hired to direct the film in April 2006, celebrating getting the job by going on a diet, losing 70 pounds (32 kg). Favreau had wanted to work with Marvel producer Avi Arad on another film after they both worked on Daredevil. The director found the opportunity to create a politically ambitious "ultimate spy movie" in Iron Man, citing inspiration from Tom Clancy, James Bond, and RoboCop, and compared his approach to an independent filmâ€""[i]f Robert Altman had directed Superman"â€"and Batman Begins. Favreau wanted to make Iron Man a story of an adult man literally reinventing himself after discovering the world is far more complex than he originally believed. He changed the Vietnam War origin of the character to Afghanistan, as he did not want to do a period piece. Art Marcum & Matt Holloway were hired to write the script, while Mark Fergus & Hawk Ostby wrote another version, with Favreau compiling both teams' scripts, and John August then "polishing" the combined version. Comic book staff Mark Millar, Brian Michael Bendis, Joe Quesada, Tom Brevoort, Axel Alonso, and Ralph Macchio were also called upon by Favreau to give advice on the script.

Favreau planned to cast a newcomer in the title role, as "those movies don't require an expensive star; Iron Man's the star, the superhero is the star. The success of X-Men and Spider-Man without being star-driven pieces reassures [executives] that the film does have an upside commercially." However, in September 2006, Robert Downey, Jr. was cast in the role. Favreau chose Downey, a fan of the comic, because he felt the actor's past made him an appropriate choice for the part, explaining "The best and worst moments of Robert's life have been in the public eye. He had to find an inner balance to overcome obstacles that went far beyond his career. That's Tony Stark." Favreau faced opposition from Marvel in casting Downey, but would not take no for an answer, saying, "It was my job as a director to show that it was the best choice creatively ... everybody knew he was talented [and] certainly by studying the Iron Man role and developing that script I realized that the ch aracter seemed to line-up with Robert in all the good and bad ways. While preparing for filming, Favreau and Downey were given a tour of SpaceX by Elon Musk. Downey said, "Elon was someone Tony probably hung out with and partied with, or more likely they went on some weird jungle trek together to drink concoctions with the shamans."

Additional casting for the film occurred over the next few months: Terrence Howard was announced in the role of Stark's best friend Jim Rhodes in October 2006; Gwyneth Paltrow was cast as love interest Virginia "Pepper" Potts in January 2007; and Jeff Bridges was cast in an undisclosed role in February. Choosing a character to be the villain of the film was difficult, as Favreau felt Iron Man's archnemesis the Mandarin would not feel realistic, especially after Mark Millar gave his opinion on the script. He felt only in a sequel, with an altered tone, would the fantasy of the Mandarin's rings be appropriate. The decision to push him into the background is comparable to Sauron in The Lord of the Rings, or Palpatine in Star Wars. Favreau also wanted Iron Man to face a giant enemy. The switch from Mandarin to Obadiah Stane was done after Bridges was cast in that role, with Stane originally intended to become a villain in the sequel. The Crimson Dynamo was also a villain in early drafts of the script. Favreau felt it was important to include intentional inside references for fans of the comics, such as giving the two fighter jets that attack Iron Man the call signs of "Whiplash 1" and "Whiplash 2", a reference to the comic book villain Whiplash, and including Captain America's shield in Stark's workshop.

Favreau wanted the film to be believable by showing the construction of the Iron Man suit in its three stages. Stan Winston, a fan of the comic book, and his company, who Favreau worked with on Zathura, built metal and rubber versions of the armors. The Mark I design was intended to look like it was built from spare parts. The back is less armored than the front, because Stark would use his resources for a forward attack. It also foreshadows the design of Stane's armor. A single 90-pound (41 kg) version was built, causing concern when a stuntman fell over inside it, though both the stuntman and the suit were unscathed. The armor was also designed to only have its top half worn at times. Stan Winston Studios built a 10-foot (3.0 m), 800-pound (360 kg) animatronic version of "Iron Monger" (Obadiah Stane), a name which Obadiah Stane calls Tony Stark and himself earlier in the film as a reference, but is never actually used for the suit itself in the film. The animatronic re quired five operators for the arm, and was built on a gimbal to simulate walking. A scale model was used for the shots of it being built. The Mark II resembles an airplane prototype, with visible flaps. Iron Man comic book artist Adi Granov designed the Mark III with illustrator Phil Saunders. Granov's designs were the primary inspiration for the film's, and he came on board the film after he recognized his work on Jon Favreau's MySpace page. Saunders streamlined Granov's concept art, making it stealthier and less cartoonish in its proportions, and also designed the War Machine armor, but it was "cut from the script about halfway through pre-production." He explained that the War Machine armor "was going to be called the Mark IV armor and would have had weaponized swap-out parts that would be worn over the original Mark III armor," and that it "would have been worn by Tony Stark in the final battle sequence."

Filming

Production was based in the former Hughes Company soundstages in Playa Vista, Los Angeles, California. Howard Hughes was one of the inspirations for the comic book, and the filmmakers acknowledged the coincidence that they would film Iron Man creating the flying Mark III where the Hughes H-4 Hercules was built. Favreau rejected the East Coast setting of the comic books because many superhero films had already been set there.

Filming began on March 12, 2007, with the first few weeks spent on Stark's captivity in Afghanistan. The cave where Stark is imprisoned was a 150-to-200-yard (140â€"180 m) long set, which had movable forks in the caverns to allow greater freedom for the film's crew. Production designer J. Michael Riva saw footage of a Taliban fighter in Afghanistan, and saw the cold breath as he spoke: realizing remote caves are actually very cold, Riva placed an air conditioning system in the set. He also sought Downey's advice about makeshift objects in prison, such as a sock being used to make tea. Afterwards, Stark's capture was filmed at Lone Pine, and other exterior scenes in Afghanistan were filmed at Olancha Sand Dunes, where the crew endured two days of 40-to-60-mile-per-hour (64â€"97 km/h) winds. Filming at Edwards Air Force Base began in mid-April, and ended on May 2. Exterior shots of Stark's home were digitally added to footage of Point Dume in Malibu, while the inte rior was built at Playa Vista, where Favreau and Riva aimed to make Stark's home look less futuristic and more "grease monkey". Filming concluded on June 25, 2007, at Caesars Palace in Las Vegas, Nevada. Favreau, a newcomer to action films, remarked, "I'm shocked that I [was] on schedule. I thought that there were going to be many curveballs". He hired "people who are good at creating action", so "the human story [felt] like it belongs to the comic book genre".

There was much improvisation in dialogue scenes, because the script was not completed when filming began (the filmmakers had focused on the story making sense and planning the action). Favreau felt that improvisation would make the film feel more natural. Some scenes were shot with two cameras to capture lines said on the spot. Multiple takes were done, as Downey wanted to try something new each time. It was Downey's idea to have Stark hold a news conference on the floor, and he created the speech Stark makes when demonstrating the Jericho weapon. Bridges described this approach as "a $200 million student film", and noted that it caused stress for Marvel executives when the stars were trying to come up with dialogue on the day of filming scenes. He also noted that in some instances, he and Downey would swap characters for rehearsal to see how their own lines sounded. The dialogue for the Nick Fury cameo scene was also changed on set, with comic writer Brian Michael Bendis providin g three pages of dialogue for the part, and the filmmakers choosing the best lines for filming on set. The Nick Fury cameo was filmed with a skeleton crew in order to keep it a secret, but rumors appeared on the Internet only days later. Marvel Studios President Kevin Feige subsequently had the scene removed from all preview prints in order to maintain the surprise and keep fans guessing.

Post-production

Favreau's main concern with the film's effects was whether the transition between the computer-generated and practical costumes would be too obvious. He hired Industrial Light & Magic (ILM) to create the bulk of the visual effects for the film after seeing Pirates of the Caribbean: At World's End and Transformers. The Orphanage and The Embassy did additional work, with the latter creating a digital version of the Mark I armor. To help with animating the more refined suits, information was sometimes captured by having Downey wear only the helmet, sleeves and chest of the costume over a motion capture suit, and skydivers were filmed in a vertical wind tunnel to study the physics of flying. For shots of the Mark III flying, it was animated to look realistic by taking off slowly, and landing quickly. To generate shots of Iron Man and the F-22 Raptors battling, cameras were flown in the air to provide reference for physics, wind and frost on the lenses.

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Music

Composer Ramin Djawadi had been a fan of the character Iron Man as a child, saying that he always liked superheroes "that actually don’t have any superpowers". After Favreau's previous collaborator John Debney was unavailable to score the film, Djawadi sought out the role himself. Favreau had a clear vision of heavy metal music and guitars for the project, saying that Tony Stark was more of a rock star than a traditional superhero. Djawadi subsequently composed most of the film's score on guitar, before arranging it for orchestra. Djawadi had help with arrangements and additional cues from Hans Zimmer and Remote Control Productions, and Rage Against the Machine guitarist Tom Morello, who makes a cameo appearance in the film, contributed guitar performances to the score. The film also features a big band-style arrangement of the Iron Man theme song from the 1966 cartoon The Marvel Super Heroes from frequent Favreau collaborators John O'Brien and Rick Boston. A soundtrack f eaturing Djawadi's score was released by Lions Gate Records on April 29, 2008.

Iron Man (2008 film)  - man cave ideas on a budget
Release

The premiere was held at the Greater Union theater at George Street, Sydney, on April 14, 2008. The film was released in the United States on May 2, 2008, while the international release was pushed up to April 30, 2008.

Marketing

Marvel and Paramount modeled their marketing campaign for Iron Man on that of Transformers. In May 2008, Sega released an official tie-in video game based on the film on multiple gaming platforms. Downey, Howard and Taub reprise their roles from the film. A 30-second spot for the film aired during a Super Bowl XLII break. 6,400 7-Eleven stores in the United States helped promote the film, and LG Group also made a deal with Paramount. Hasbro created figures of armors from the film, as well as Titanium Man (who appears in the video game) and the armor from the World War Hulk comics. Worldwide, Burger King and Audi promoted the film. Jon Favreau was set to direct a commercial for the fast-food chain, as Michael Bay did for Transformers. In the film, Tony Stark drives an Audi R8, and also has an "American cheeseburger" from Burger King after his rescue from Afghanistan, as part of the studio's product placement deal with the respective companies. Three othe r vehicles, the Audi S6 sedan, Audi S5 sports coupe and the Audi Q7 SUV, also appear in the film. Audi created a tie-in website, as General Motors did for Transformers. Oracle Corporation also promoted the film on its site. Several tie-in comics were released for the film.

Home media

The film was released on DVD and Blu-ray Disc on September 30, 2008, in North America, and October 27, 2008 in Europe. DVD sales were very successful, selling over 4 million copies the first week and generating a gross of over US$93 million. There were a total of 9 million copies sold and an accumulated total sales of over $160 million (not including Blu-ray). For the home releases of the film, the image on the newspaper Stark reads before he announces he is Iron Man had to be altered because of amateur photographer Ronnie Adams filing a lawsuit against Paramount and Marvel for using his on-location spy photo in the scene. A Wal-Mart-exclusive release included a preview of Iron Man: Armored Adventures.

The film was also collected in a 10-disc box set titled "Marvel Cinematic Universe: Phase One â€" Avengers Assembled" which includes all of the Phase One films in the Marvel Cinematic Universe. It was released on April 2, 2013.

Iron Man (2008 film)  - man cave ideas on a budget
Reception

Box office

Iron Man earned $318.4 million in North America and $266.8 million in other territories, for a worldwide gross of $585.2 million.

North America

In its opening weekend, Iron Man grossed $98,618,668 in 4,105 theaters in the United States and Canada, ranking No. 1 at the box office, giving it the eleventh biggest-opening weekend at the time, ninth-widest release in terms of theaters, and the third highest-grossing opening weekend of 2008 behind Indiana Jones and the Kingdom of the Crystal Skull and The Dark Knight. It grossed $35.2 million on its first day, giving it the thirteenth biggest-opening day at the time. Iron Man had the second-best premiere for a non-sequel, behind Spider-Man, and the fourth biggest-opening for a superhero film. Iron Man was also the No. 1 film in the U.S. and Canada in its second weekend, grossing $51.1 million, giving it the twelfth-best second weekend and the fifth-best for a non-sequel. On June 18, 2008, Iron Man became that year's first film to pass the $300 million mark for the domestic box office.

Critical response

The review aggregator website Rotten Tomatoes reported a 94% approval rating with an average rating of 7.7/10 based on 267 reviews. The website's consensus reads, "Director Jon Favreau and star Robert Downey Jr. make this smart, high impact superhero movie one that even non-comics fans can enjoy." In May 2008, Rotten Tomatoes review aggregator Jen Yamato identified Iron Man as the "best-reviewed film of the year so far". On Metacritic, the film achieved an average score of 79 out of 100, based on 38 critics, signifying "generally favorable reviews".

Among the major trade journals, Todd McCarthy of Variety called the film an "expansively entertaining special effects extravaganza" with "fresh energy and stylistic polish", while Kirk Honeycutt of The Hollywood Reporter praised the film, while nonetheless finding "disappointment [in] a climatic [sic] battle between different Iron Man prototypes [...] how did Tony's nemesis learn how to use the suit?" In one of the first major-daily newspaper reviews, Frank Lovece of Newsday lauded the film's "emotional truth [...] pitch-perfect casting and plausibly rendered super-science" that made it "faithful to the source material while updating it â€" and recognizing what's made that material so enduring isn't just the high-tech cool of a man in a metal suit, but the human condition that got him there". A. O. Scott of The New York Times called the film "an unusually good superhero picture. Or at least â€" since it certainly has its problems â€" a superhero movie t hat's good in unusual ways." Among the specialty press, Garth Franklin of Dark Horizons commended the "impressive sets and mechanics that combine smoothly with relatively seamless CG", and said, "Robert Downey Jr., along with director Jon Favreau [...] help this rise above formula. The result is something that, whilst hardly original or groundbreaking, is nevertheless refreshing in its earnestness to avoid dark dramatic stylings in favor of an easy-going, crowd-pleasing action movie with a sprinkle of anti-war and redemption themes".

Among major metropolitan weeklies, David Edelstein of New York magazine called the film "a shapely piece of mythmaking [...] Favreau doesn't go in for stylized comic-book frames, at least in the first half. He gets real with it â€" you'd think you were watching a military thriller", while conversely, David Denby of The New Yorker put forth a negative review, claiming "a slightly depressed, going-through-the-motions feel to the entire show [...] Gwyneth Paltrow, widening her eyes and palpitating, can't do much with an antique role as Stark's girl Friday, who loves him but can't say so; Terrence Howard, playing a military man who chases around after Stark, looks dispirited and taken for granted". IGN's Todd Gilchrist recognized Downey as "the best thing" in a film that "functions on autopilot, providing requisite story developments and character details to fill in this default 'origin story' while the actors successfully breathe life into their othe rwise conventional roles". Noting the cultural elements of the film, Cristobal Giraldez Catalan of Bright Lights Film Journal wrote, "Iron Man is far more than playboy fantasy; it is American foreign policy realized without context [... and] with narrative and directorial precision, once again provides the high-fidelity misogyny and anti-Muslim rhetoric Hollywood is known for."

Accolades

Roger Ebert and Richard Corliss named Iron Man as among their favorite films of 2008. It was selected by the American Film Institute as one of the ten best films of the year, and by Empire magazine as one of The 500 Greatest Movies of All Time. Tony Stark was also selected by Empire as one of The 100 Greatest Movie Characters of All Time, and on their list of the 100 Greatest Fictional Characters, Fandomania.com ranked him at number 37.

Iron Man (2008 film)  - man cave ideas on a budget
Sequels

Iron Man 2

A sequel written by Justin Theroux and released in the United States on May 7, 2010, saw Favreau, Downey, Paltrow, and Jackson returning. Don Cheadle replaced Terrence Howard in the role of Colonel Rhodes, who is also seen as War Machine. Also starring are Mickey Rourke as villain Ivan Vanko, Sam Rockwell as Justin Hammer, and Scarlett Johansson as S.H.I.E.L.D. agent Natasha Romanoff.

Iron Man 3

Disney, Marvel Studios, and Paramount Pictures released a second sequel on May 3, 2013, with Favreau opting to direct Magic Kingdom instead, but still reprising his role as Happy Hogan. Downey, Paltrow, and Cheadle also return, while Shane Black took over directing, from a screenplay by Drew Pearce. Guy Pearce also starred as Aldrich Killian, and Ben Kingsley as Trevor Slattery.

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Dave Ramsey - Dave Ramsey Budget Form

Dave Ramsey  - dave ramsey budget form

David L. "Dave" Ramsey III (born September 3, 1960) is an American businessman, author, radio host, television personality, and motivational speaker.

Ramsey's syndicated radio program, The Dave Ramsey Show, is heard on more than 500 radio stations throughout the United States and Canada, in podcast format, on IHeartRadio, the Dave Ramsey Show iOS application, live on YouTube, as well as live audio and video on DaveRamsey.com. He has written numerous books including five New York Times bestsellers. His books and broadcasts often feature a Christian perspective that reflects Ramsey's religious beliefs. Ramsey was named the 2009 Marconi Award winner for Network/Syndicated Personality of the Year, and was inducted into the National Radio Hall of Fame in 2015.

Ramsey's company, The Lampo Group, Inc., headquartered in Brentwood, Tennessee, oversees six divisions geared toward financial education.

Ramsey has been featured on many media outlets including The Oprah Winfrey Show, 60 Minutes, and The Early Show. He recorded a pilot and six unaired episodes of The Dave Ramsey Project for CBS. He was the host of the television program The Dave Ramsey Show, which aired on the Fox Business Network until June 2010.

Dave Ramsey  - dave ramsey budget form
Biography

Ramsey was born and raised in Antioch, Tennessee. He was a 1982 graduate of the College of Business Administration at University of Tennessee, Knoxville with a degree in Finance and Real Estate. At the age of 26, through his brokerage firm Ramsey Investments, Inc., he built a rental real estate portfolio worth more than $4 million and became one of Tennessee's youngest brokers to be admitted to the Graduate Realtors Institute.

Ramsey's success soon came to an end as the Tax Reform Act of 1986 began to have a negative impact on the real estate business. One of Ramsey's largest creditors was sold to a larger bank, which began to take a harder look at Ramsey's borrowing habits. The bank demanded he pay $1.2 million worth of short-term notes within 90 days, forcing him to file for bankruptcy relief. Sixty days later another bank demanded nearly $800,000.

After recovering financially, Ramsey began counseling couples at his local church. Soon after offering private counseling services, Ramsey began attending every workshop and seminar on consumer financial problems that he could find. He developed a simple set of lessons and materials based partially on his own experience and on works and teachings by Larry Burkett, Ron Blue and Art Williams of A.L. Williams company now called Primerica. In 1992, after many requests from his clients, he wrote his first book, Financial Peace.

Ramsey has been married to his wife, Sharon, for over 30 years. They have three children: Denise, Rachel, and Daniel. The family resides in Franklin, Tennessee.

Dave Ramsey  - dave ramsey budget form
The Dave Ramsey Show

Twenty-five years ago, Ramsey started his radio career by co-hosting the show The Money Game with Roy Matlock of Primerica. Over time, that local show on one radio station in Nashville turned into The Dave Ramsey Show. With a combined listenership of over 12 million weekly, the show is available on more than 575 radio stations, a dedicated YouTube channel, SiriusXM, iHeartRadio, a podcast on iTunes and Google Play, and a video channel on daveramsey.com. In 2007, the Fox Business Network launched a television show under the same title, but canceled the show in June 2010.

Dave Ramsey  - dave ramsey budget form
Related companies

The Lampo Group, Inc.

Ramsey founded his company, The Lampo Group, Inc., in 1992, initially helping people one-on-one who were struggling with financial issues. In 1994, he hired Russ Carroll, Ramsey's lead financial counselor, and together they began teaching the first Financial Peace University classes on overhead projectors. Between 1999 and 2004, The Lampo Group grew from 18 to 105 team members. There are currently over 500 team members.

Ramsey runs his business completely debt-free, an accomplishment he states was critical to the success of his company.

Financial Peace University

Ramsey is also the creator of Financial Peace University, a biblically based training series for adults that integrates video teaching, class discussions, and small group activities. The video series lasted for 13 weeks until August 2012 when it was relaunched as a 9-week program. Some topics covered in the series are cash flow planning, investing, saving, credit, retirement, and giving.

EntreLeadership

The word EntreLeadership describes the responsibilities of a small business owner as an entrepreneur (Entre) and as a leader (Leadership). EntreLeadership is also the name of a small business conference developed by Dave Ramsey. The principles presented at EntreLeadership seminars are the core principles of how Ramsey grew his company debt-free. EntreLeadership is available to small-business owners in several forms; a one-day abbreviated seminar; and a five-day master series event located in Nashville, Tenn; a multi-day Summit; and as premium online content. Ramsey also released the book titled EntreLeadership in 2011. The book rose to the New York Times Bestseller's list nearly overnight. EntreLeadership marked the fourth time Dave Ramsey has been listed on the New York Times Bestseller's list.

The Legacy Journey

In 2013, Ramsey and the Lampo Group launched the followup to Financial Peace University, The Legacy Journey. This course is a biblically based training series for adults lasting seven weeks focused on "what's next?" after getting out of debt and, like Financial Peace University, integrates video teaching, class discussions, and small group activities. Some topics covered in this series are a deeper look into investing, basic estate planning, purposeful living, safeguarding your legacy, and discovering the keys to generational wealth and true generosity.

EveryDollar

EveryDollar is a budgeting tool that was created by Ramsey Solutions, available online, on iOS, and Android. Users list all sources of income and they give every dollar a name for the month, based on zero-based budgeting.

Dave Ramsey  - dave ramsey budget form
Financial advice

Ramsey supports the debt snowball method, where debtors pay off their lowest balance debt first instead of paying off their highest interest rate debt first. While this approach has been criticized by some, such as NerdWallet.com, other research such as that done by the Kellogg School of Management has found that the debt snowball method is generally effective. The article stated that the small victories give debtors motivation.A 2016 study by Harvard Business School also found people who used the snowball method to pay off their smallest account first paid down more of their debt than those who used other methods.

Ramsey states that investors can get a 12% average annual return and this is the number he uses in financial analyses. Critics state that using an average annual return rate is misleading and that the compound annual growth rate is a better measurement when planning investments. Most individuals are unaware of this difference. Critics have also stated that a 12% return is unrealistic. According to the Motley Fool, following Ramsey's calculations could cause individuals to be seriously under-invested for retirement.

Ramsey recommends investors to hold all their investments in stock mutual funds, with no bonds, which has been criticized as stocks are more volatile than bonds. Ramsey recommends that retirees withdraw 8% of their retirement each year.

Ramsey recommends individuals buy term life insurance instead of cash value insurance or return of premium life insurance and invest the savings.

The Nashville Scene has reported that Ramsey occasionally receives emails and letters containing the red-letter Bible verse: "And again I say unto you, it is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God." Ramsey interprets such communications as a rebuke of his own wealth and a call for poverty, dismissing these letters as “doctrinal nitpicking.” He instead points to Matthew 25:13-30 and the good Samaritan as examples of being a good steward of money. asking rhetorically how broke people can help the poor.

In 2010, Ramsey received criticism on social media sites for building a large and lavish home. He responded that the cost of the home was paid in cash, represented a very low percentage of his net worth, and had already been used to host many fundraisers for ministries, charities and community causes.

Dave Ramsey  - dave ramsey budget form
Bibliography

Personal finance

  • Financial Peace: Restoring Financial Hope to You and Your Family (1997) ISBN 0-670-87361-6
  • The Financial Peace Planner: A step-by step guide to restoring your family's financial health (1998) ISBN 0-14-026468-X
  • How to Have More than Enough: A Step-by-Step Guide to Creating Abundance (2000) ISBN 0-14-028193-2
  • More than Enough: The Ten Keys to Changing Your Financial Destiny (2002) ISBN 0-14-200047-7
  • Financial Peace Revisited (2002) ISBN 0-670-03208-5
  • The Total Money Makeover: A Proven Plan For Financial Fitness (2003) ISBN 0-7852-6326-8
  • Total Money Makeover Workbook (2004) ISBN 0-7852-6327-6
  • The Money Answer Book: Quick Answers to Everyday Financial Questions (2005) ISBN 0-8499-9619-8
  • Priceless: Straight-Shooting, No-Frills Financial Wisdom (2006) ISBN 0-9774895-9-0
  • EntreLeadership: 20 Years of Practical Business Wisdom from the Trenches (2011) ISBN 978-1-4516-1785-6
  • Dave Ramsey's Complete Guide To Money: The Handbook of Financial Peace University (2012) ISBN 978-1-9370-7720-4
  • Smart Money Smart Kids: Raising the Next Generation to Win With Money (2014) ISBN 1937077632 (co-authored by Ramsey's daughter Rachel Cruze)
  • The Legacy Journey: A Radical View of Biblical Wealth and Generosity (2014) ISBN 1937077713

Kids' books

  • The Super Red Racer: Junior Discovers Work (2003) ISBN 0-9726323-0-1
  • Careless At The Carnival: Junior Discovers Spending (2003) ISBN 0-9726323-1-X
  • The Big Birthday Surprise: Junior Discovers Giving (2003) ISBN 0-9726323-2-8
  • My Fantastic Fieldtrip: Junior Discovers Saving (2003) ISBN 0-9726323-3-6
  • A Special Thank You: Junior Discovers Integrity (2005) ISBN 0-9769630-0-0
  • Battle of the Chores: Junior Discovers Debt (2005) ISBN 0-9769630-1-9

Contributions

  • 48 Days to the Work You Love by Dan Miller, Foreword by Dave Ramsey (2005) ISBN 0-8054-3188-8
  • Thou Shall Prosper (Second Edition): Ten Commandments for Making Money by Rabbi Daniel Lapin, Foreword by Dave Ramsey (2009) ISBN 0470485884
  • Retire Inspired: It's Not an Age, It's a Financial Number by Chris Hogan, Foreword by Dave Ramsey (2016) ISBN 1937077810
  • Love Your Life, Not Theirs: 7 Money Habits for Living the Life You Want by Rachel Cruze, Foreword by Dave Ramsey (2016) ISBN 1937077977
  • Business Boutique: A Woman's Guide to Making Money Doing What She Loves by Christy Wright, Foreword by Dave Ramsey (2017) ISBN 1942121032

Spanish translations

The Total Money Makeover, Financial Peace Revisited, and More than Enough have been translated into Spanish.

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Vizio - Best Budget Sound Bar

Vizio  - best budget sound bar

Vizio Inc. is an American privately held company that develops consumer electronics. Headquartered in Irvine, California, United States, the company was founded in October 2002 as V Inc. and is best known as a producer of affordable flat-screen televisions. In July 2016, Vizio announced that it would be acquired by Chinese technology company LeEco.

Vizio  - best budget sound bar
History

The company was founded in 2002 as V Inc. by William Wang (Chinese: 王è"š; pinyin: Wáng Wèi), Laynie Newsome, and Ken Lowe with $600,000 and three employees. In 2006 the revenue was estimated around $700 million, and in 2007 it was estimated to have exceeded $2 billion. Vizio is known for aggressively pricing their HDTVs against major competitors.

On October 19, 2010, Vizio signed a 4-year contract to sponsor college football's annual Rose Bowl game in Pasadena, California, beginning with the 2011 Rose Bowl presented by Vizio and ending with the 2014 Vizio BCS National Championship Game. When the Rose Bowl contract ended, Vizio signed a contract to sponsor the Fiesta Bowl making the official name the Vizio Fiesta Bowl.

As of 2012, Vizio had over 400 employees. About half work at its headquarters in Irvine, California, in engineering, design, sales, and operations, while the other half are employed at a call center in Dakota Dunes, South Dakota.

Vizio manufactures its products in Mexico and China under agreements with ODM assemblers in those countries.

On December 31, 2014, Vizio acquired Advanced Media Research Group, Inc., the parent of entertainment website BuddyTV, in order to expand content and service offerings from Vizio's Smart TV platform.

On July 24, 2015, Vizio filed with U.S. regulators to raise up to $172.5 million in an initial public offering of Class A common stock. Bank of America Merrill Lynch, Deutsche Bank Securities and Citigroup are among the underwriters of the IPO, Vizio told the U.S. Securities and Exchange Commission in a preliminary prospectus. The filing did not reveal how many shares the company planned to sell or their expected price. The company has applied to list its Class A common stock on the NASDAQ Global Select Market under the symbol “VZIO.”

On August 10, 2015, Vizio acquired Cognitive Media Networks, Inc, a market leading provider of automatic content recognition (ACR). The Cognitive Network business was subsequently renamed Inscape Data Services.

On July 26, 2016, Vizio CEO William Wang announced that Chinese technology company LeEco was acquiring Vizio in a US$2 billion deal, with plans to run the company as a wholly owned subsidiary. Inscape will be spin off and operate as a separate, privately owned company led by Wang.

Vizio  - best budget sound bar
Products

Television sets

Television sets are Vizio's primary product category, and in 2007 the manufacturer became the largest LCD TV seller (by volume) in North America with 606,402 TVs sold, a 76% jump from the previous quarter while its market share increased from 9.4% to 14.5%. In September 2008, Vizio started selling LCD TVs to Costco in Japan. In February 2009, Vizio announced they would stop production of plasma televisions and would focus on the LED-backlit LCD displays instead.

Vizio unveiled a new range of televisions including Vizio's M line with 65-inch screens; ultra-wide televisions with 50-, 58-, and 71-inch screen sizes; two all-in-one desktop computers (24-inch and 27-inch); three notebooks (one 14-inch and two 15-inch); and a 10-inch tablet at the 2012 International Consumer Electronics Show.

Vizio "Smart TV" sets track viewers' habits and share them with advertisers, a practice that cable TV companies are prohibited from doing but that Vizio says is legal for TV manufacturers. On February 6 of 2017, the Federal Trade Commission announced a settlement with Vizio to pay $2.2 million to settle charges by the FTC and the Office of the New Jersey Attorney General that it installed software on its TVs to collect viewing data on 11 million consumer TVs without consumers’ knowledge or consent. The settlement required Vizio to delete the data it had captured and change its data collection practices.

Vizio also produces other audio/video equipment such as High Definition Surround Sound systems, LCD monitors and HDTV accessories. The company released its first Blu-ray Disc player in August 2009. In 2011 Vizio extended its portfolio of electronics devices to mobile phones, with the name Via Phone, and tablets, named Via Tablet. The new phones and tablets were shown at 2011 Consumer Electronics Show. See specifics below.

Tablets

  • VTAB1008: 8.1" × 6.6" × 0.48" thick. 1024x768 resolution
  • Vizio Tablet PC: 11.6", 1080p, dual-core AMD Z60, Windows 8

Ultrabook

In 2012 Vizio introduced its 14-inch ultrabook Vizio CT14 with the third generation Intel Core i7 processors and 128 GB SSD. On October 2012 Vizio updated this series with a new Windows 8 OS. This change was also applied to the Vizio notebook series.

Mobile phones

Vizio also introduced several new full 1080p HD Android smartphones in the Asian markets, but particularly China. The devices feature high-end specs, with the 5-inch VP800 featuring 2 GB RAM, Full HD Display, and 8MP camera. The more budget-oriented VP600 features a dual-core processor, 4.7-inch 720p HD display, and Android Jelly Bean OS. Vizio announced these developments in a press release; however, past media releases show that this is not Vizio's first product in the mobile telephony sector.

Google TV

The company introduced the "VIZIO Co-Star" a Google TV digital media player, in 2012.

Sound bars

A Vizio sound bar (model: S3821w) was recommended by Consumer Reports as its "Best Buy" (based on a combination of quality and price) in a comparison of competing sound bars dated January 2014.

Vizio  - best budget sound bar
Controversy

In November 2015 it was revealed that Vizio was collecting information on its customers and selling it to advertisers. To settle the case, in which Vizio were accused of using 11 million televisions to spy on customers, the company agreed to pay out $2.2 million.

Vizio  - best budget sound bar
References

Vizio  - best budget sound bar
External links

  • Official website
  • Vizio TV
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Budget Rent A Car - Budget Rental Car Sales

Budget Rent a Car  - budget rental car sales

Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget's operations are headquartered in Parsippany-Troy Hills, New Jersey.

With its original fleet of 10 cars, the company lived up to the 'Budget' name by undercutting the daily and per mile rental rates of the established airport based car rental companies. Mirkin was joined in 1959 by Julius Lederer (husband of columnist Ann Landers) who built the company, and made it an international company. In 1960, the headquarters moved to Chicago, Illinois and the rental fleet expanded with franchised and wholly owned rental outlets.

The company was eventually acquired by Transamerica Corporation, and then sold in 1986 in a leveraged buyout by Gibbons, Green and van Amerongen Ltd., along with management (led by CEO Clifton E. Haley) and selected investors. The company made its first public stock offering in 1987.

Team Rental Group purchased the public company in 1997 and took the name Budget Group. In 2002, it sold the company's assets to Cendant Corporation, which also owned Avis and in September 2006, Cendant Corporation separated into four independent companies. The real estate division became Realogy, Inc., its hospitality services division became Wyndham Worldwide, and the travel distribution services division became Travelport, Inc., an affiliate of The Blackstone Group. In 2006, following the Travelport sale, Cendant, now composed solely of its vehicle rental services businesses, renamed itself Avis Budget Group.

Of the approximately 800 Budget Rental Car locations in the U.S., 600 are company-operated locations and 200 are licensee locations. Internationally, there are 150 company-operated locations and 1,800 licensees.

Budget Rent a Car  - budget rental car sales
Celebrity spokespersons

Beginning in April 2011, television actress Wendie Malick of Hot in Cleveland is the spokesperson in a series of television and online ads that offer special, limited-time, discount offers.

Budget Rent a Car  - budget rental car sales
References

Budget Rent a Car  - budget rental car sales
External links

  • Budget Rent a Car Official Website
  • Budget Rent a Car Official United Kingdom Website
  • Budget Rent a Car Official Australia Website
  • Budget Rent a Car Official New Zealand Website
  • Media related to Budget Rent a Car at Wikimedia Commons
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De Anza College - College Student Budget

De Anza College  - college student budget

De Anza College is a 112-acre (45 ha) community college located in Cupertino, California. It was founded in 1967 on the site of the Beaulieu Winery and is named after the Spanish explorer Juan Bautista de Anza. Along with the arrival and growth of Apple Computer, the presence of De Anza College contributed significantly to the growth of Cupertino from a small town to an industrial city and an integral part of Silicon Valley. It consistently ranks #1 or #2 in the state for the total number of students who annually transfer to University of California and California State University campuses. The college is also the home of the California History Center, housed in a mansion called "Le Petit Trianon". The curr ent president of De Anza college is Brian Murphy, replacing Martha Kanter who later became the Under Secretary of Education for the Obama Administration. The average class size at De Anza is 35, and approximately 2,800 students transfer per year. It also attracts a heavy international student population.

De Anza College is part of Silicon Valley's Foothill-De Anza Community College District, which also administers Foothill College in nearby Los Altos Hills, California. The district serves the cities of Cupertino, Los Altos, Los Altos Hills, Mountain View, Palo Alto, Sunnyvale and San Jose. The district headquarters is on the Foothill campus.

De Anza holds a monthly flea market in its parking lot, which has become a community tradition as well as major source of income for the De Anza Associated Student Body (DASB). With a budget of over 1 million dollars, the DASB has one of the biggest student budgets of any community college in California.

De Anza formerly had their own campus police. They used to wear slacks and polo shirts, and officers were unarmed. The department was not a POST participating agency and in 2001, the campus police departments at De Anza and Foothill College were merged to become the Foothill-De Anza College District Police.

De Anza once held the second largest pow-wow in the Bay Area.

De Anza College  - college student budget
Notable buildings on campus

The Flint Center for the Performing Arts

The Flint Center is De Anza's main theater, seating about 2,400 people, and hosts concerts, Broadway shows, dance and speaking events. Each year, De Anza invites several celebrities and dignitaries for public speaking engagements. Construction began in 1968 and the building was dedicated in 1971 as the Calvin C. Flint Center for the Performing Arts, named after the District Superintendent and first Chancellor, The Flint Center also has classrooms and was home to the Film and TV department in its early years.

Steve Jobs introduced the original Apple Macintosh in a 1984 press conference which was recreated in 2015 for the movie Steve Jobs.

Euphrat Museum of Art

The mission of the Euphrat Museum of Art at De Anza College is to stimulate creativity and an interest in art among audiences of all ages. The museum hosts changing art exhibits and accompanying educational programs for local and distant emerging and established artists. School programs are offered, primarily in Cupertino and Sunnyvale, and each year the museum creates public art projects with young area students, De Anza student interns and Euphrat artist/teachers.

The museum is open from Monday to Thursday and is located in the Visual and Performing Arts Center.

Visual and Performing Arts Center

The Visual and Performing Arts Center, also known as the VPAC, opened on March 6, 2009 and is now open to the students of De Anza College. The VPAC is built with an art exhibit and also provides a 400-seat performance and lecture hall that can be rented by De Anza College organizations and outside community groups.

Kirsch Center

The Kirsch Center opened in 2005 and is the lead demonstration building for innovative ways to be more sustainable. It was the first community college building in the US to receive a LEED platinum rating. As leader of sustainability on campus, the Kirsch Center not only offers a new way to embrace sustainability in the future, it also challenges the rest of the nation to follow by example.

A 17-year effort, the Kirsch Center was conceived and is operated by De Anza faculty, staff and students, with the philosophy that this facility is "a building that teaches about energy, resources and stewardship."

Over 100 environmental classes are taught in the Kirsch Center. In addition to high quality classrooms and labs, students can work in self-paced programs at special open study stations throughout the building.

A few examples of what makes this building unique include:

  • Solar panel roof
  • Advanced natural ventilation
  • Raised floor for gentle air distribution and flexibility
  • Natural day lighting
  • Orientation and layout for energy efficiency and passive solar benefits
  • Water conservation and water runoff control
  • Radiant heating and cooling
  • Native species landscaping

The beautiful, spacious, and carbon easy building is a favorite location for policy makers, school officials, student groups, Silicon Valley entrepreneurs to visit and utilize for conferences and for tours.

The building was a 10 million dollar project that was funded by various groups including the DASB student senate, Morgan Family Foundation, and Steve and Michele Kirsch Foundation.

Fujitsu Planetarium

The Fujitsu Planetarium with its 50-foot dome and seating for 139 teaches De Anza students, field trips, and the public with its star programs. It also includes an evening musical laser light show on its Saturday public schedule from September to April. Its optical-mechanical projector was installed in 2007, and the new digital projection system was installed in 2016. The planetarium was built in the early 1970s and was named the Minolta Planetarium until 2008.

Outdoor artwork on campus

  • "La Vita E Una Fontana" or "Life is a Fountain" by Salvatore Pecoraro December 1, 1991
  • "Longevity Turtle" by Elwood Martin Reynolds, donated by Dr. and Mrs. Alvin Rutner
  • "Time Graffiti" by David Middlebrook, 1997. donated by Mrs. Rena Frabony DeHart in memory of De Anza College Founding President A. Robert DeHart.

Cheeseman ESA

The Cheeseman Environmental Study Area (ESA) is a 1.5-acre (0.61 ha) natural garden containing some 400 species of plants representing 12 California natural communities. It is located next to the Kirsch Center on the southeast corner of campus, and it was built by a group of De Anza students and faculty in 1971, after having received a US$12,000 grant.

The 12 plant communities represented in the ESA are:

  • Freshwater Marsh and Pond
  • Coastal Sand Dunes
  • Coastal Redwoods
  • Foothill Woodland
  • Grassland
  • Conifers
  • Channel Islands
  • California Desert
  • Coastal Sage Scrub
  • Chaparral
  • Riparian
  • Xeric Display

Students and visitors can come here and learn about California's natural heritage, and see plants and animals that they may have never seen in person before. Students can also conduct environmental research here and deepen their appreciation for California's biological richness.

De Anza College  - college student budget
De Anza Associated Student Body

The De Anza Associated Student Body (DASB) Senate handles an annual budget of more than $1 million. The budget is generally allocated to funding campus programs intended to help students succeed academically, as well as inviting guest speakers from various universities to advise students on strategies they can use to get an edge in their transfer application. The DASB Senate has six different internal committees plus several ad-hoc committees.

The DASB Senate is composed of 30 senators. The goal of the DASB Senate is to bring the students together, improve student life, involve students on campus, and represent the De Anza population. Its meetings take place on the lower level of the Hinson Campus Center in Student Council Chambers.

Internal committees

Finance Committee: The goal of the Finance Committee is to establish policies and procedures for budget development, budget approval and expending of all money under the control of the DASB. The committee processes budget requests, ensure programs are following budget stipulations, keep track of DASB funds and accounts, and allocated funds for the upcoming year.

Student Rights and Services Committee: The DASB Student Rights and Services Committee promotes the rights of all De Anza Students. Works with faculty, staff and administration toward a common goal of meeting the needs of the students. Ensures that the college and all its staff and faculty members provide all services entitled to students. In the 2011-2012 school year, the Student Rights and Services Committee helped organize, provide transportation and food, and educate students about the March in March. Marching from Southside Park to the State Capitol in Sacramento, students from De Anza and many other California colleges gathered to remind the government of its "commitment to accessible, low-cost higher education drives innovation and allows Californians of any socioeconomic background to pursue higher learning." [1]

Administration Committee: Reviews the DASB Senate Bylaws and DASB Codes, drafts and reviews proposed amendments, and presents recommendations to the DASB Senate for approval. It reviews proposed amendments to the DASB Constitution, DASB Senate Bylaws, or other DASB Codes. It hires a DASB Senate Parliamentarian at its own discretion with the approval of a majority vote of the DASB Senate.

Marketing Committee: Manages and oversees the DASB Marketing Committee Account and DASB Newsletter Account expenditure, in the best interest of the DASB membership. It serves as a liaison between the De Anza College students, DASB Senate, and the De Anza College community. It publicizes DASB Senate events and services.

Diversity and Events Committee: To create and promote and understanding and awareness of diversity on the De Anza Campus. It expands multiculturalism and education through events and activities, create new multicultural programs, and advocate for as many populations that make up the diversity of De Anza College.

Environmental Sustainability Committee: The DASB Environmental Sustainability Committee promotes awareness of the environmental sustainability to the students and the community; oversees events that promote or support environmental sustainability; plans, coordinates, schedules, and provides DASB programs and events that promote or support environmental sustainability.

Every spring quarter De Anza holds elections where candidates can run for senate positions for the upcoming year. This election takes place during the month of May where students at De Anza can apply for a position in DASB Senate. During this time the candidates are challenged to compete with other candidates while trying to get the most votes to get elected for office. This includes marketing yourself with slogans, posters, flyers, classroom presentation, etc. In other words, this is to demonstrate each candidates their abilities to prove that they can handle the responsibilities of not just only as a DASB Senate member, but to the entire De Anza students population.

De Anza Flea Market

DASB also operates The De Anza Flea Market held on every first Saturday of a month. The De Anza Flea Market began as a small effort by the students of De Anza College to raise money for the student body over 30 years ago and has grown into an established community event attracting vendors and patrons from throughout the state. The De Anza Flea Market is still a student enterprise with the De Anza Associated Student Body paying for all of the expenses and gaining approximately $300,000 annually for a variety of programs, services and events at De Anza College. The De Anza Flea Market contains about 825 vendor stalls and usually sells out very quickly. If the weather is good the Flea Market will typically draw approximately 15,000 to 20,000 shoppers.

De Anza College  - college student budget
Programs

Puente Project

The Puente Project is a program offered at De Anza that helps underserved students transfer to 4-year institutions. "Puente" means "bridge" in Spanish, which symbolizes the bridge the program builds for the students to reach higher education. Puente is made up of three key components: English, individualized counseling, and individual mentoring. Puente students transfer from De Anza at a much higher rate than non-Puente Latino studentsâ€"61% of De Anza’s Puente students transfer within six years.

CompTechS

CompTechS which stands for Computer Technical Support is an internship program offered at De Anza college which gives students an opportunity to gain hands on experience working with computers. Qualified students in this program may get a chance to work in paid industry-based internships like in the IT departments at Roche Pharmaceuticals, Synopsys Inc., Fujitsu Computer Systems, Fujitsu America, Flextronics, Photon Dynamics and VMWare. Students who are receiving financial aid are eligible to apply to receive a free refurbished computer. All donated computers are refurbished by the interns of CompTechS.

VIDA

Vasconcellos Institute of Democracy in Action (VIDA), formerly called the Institute of Community and Civic Engagement (ICCE), is the community service learning and civic engagement office for De Anza College. VIDA coordinates Community Learning Partnership's work at De Anza.

VIDA programs include:

  • VIDA Internships
  • Certificate for Leadership and Social Change
  • LEAD (Latina/o Empowerment At De Anza)
  • HEFAS (Higher Education for AB 540 Students)
  • MYE (Mentors for Youth Empowerment)
  • Youth Voices United for Change
  • Public Policy School
  • Campus Camp Wellstone
  • Open Educational Resources (OER)

VIDA's stated mission is:

"to empower students to become agents of change in their communities and beyond; to foster education that meets the needs of the communities we serve; and to help develop pathways to meaningful participation in local, state, and federal government decision making processes."

Established as the ICCE in fall 2005, It was initiated by then new president, Brian Murphy and was led by faculty members Jackie Reza and Cynthia Kaufman. In 2015 the ICCE was renamed VIDA in tribute to John Vasconcellos. VIDA's current director is Cynthia Kaufman.

De Anza College  - college student budget
Crime

Averted shooting

On January 29, 2001, San Jose police arrested De Anza College student Al DeGuzman, who was planning a Columbine style school shooting at the school. At his home, police found bags filled with homemade explosives including Molotov cocktails and pipe bombs, as well as numerous guns, including a semi-automatic rifle and a cut-down 12-gauge pump-action shotgun. Plans were discovered for a noon attack at De Anza College.

Kelly Bennett, an employee at a Longs Drugs store in San Jose, developed pictures of DeGuzman posing with his guns and homemade bombs. She and a coworker called police, who arrived at the drugstore and waited for DeGuzman. He was arrested when he returned for his photos. It was unusual for him to drop off the film since he "had always developed his own film".

De Anza evacuated over 10,000 students the next day in fear that DeGuzman may have planted bombs at the college, although no bombs were ever found onsite. In the following weeks, Kelly Bennett was praised and credited with averting a tragedy. She appeared on local news, Good Morning America, and The Today Show.

DeGuzman was sentenced to serve 7 years in prison after most of the charges were thrown out. Prosecutor appeals resentenced him to 80 years. Several months later, he took his own life by hanging himself in his cell.

Rape investigation

In 2007 the Santa Clara County Sheriff's Department investigated an inquiry into allegations of sexual assault of a 17-year-old female student arising from an off-campus party on March 4, 2007 by eight members of the De Anza College baseball team. On June 4, 2007, Santa Clara County District Attorney Dolores Carr stated that no charges would be filed. This decision was questioned by some, and the Office of the Attorney General was invited by the prosecutor to perform an independent investigation of the available evidence. May 2, 2008, the Attorney General's office determined that there was insufficient evidence to charge anyone present with a crime.

De Anza College  - college student budget
Notable alumni

  • Mervyn Fernandez, former professional football player
  • Ron Gonzales, former mayor of San Jose.
  • Teri Hatcher, actress
  • Jeannie Mai, host of the Style Network's popular and Emmy-nominated show, How Do I Look? and one of the co-hosts on The Real
  • Frank Manumaleuga, American football player
  • Joe Murray, Emmy-winning creator of Rocko's Modern Life and Camp Lazlo
  • Jeff Sevy, former NFL lineman
  • Jhonen Vasquez, cartoonist
  • Len Wiseman, film director
  • Christina Kim, LPGA golf pro
  • Bill Pecota, former Major League Baseball player
  • Alexander Lee Eusebio, former member of popular South-Korean boy band, U-KISS
  • Steve Wozniak, American computer engineer, Co-founder of Apple Inc.
  • Anjelah Johnson, Former NFL Cheerleader and Comedian
  • Will Davis, Baltimore Ravens cornerback
  • Robertson Daniel, cornerback for the Green Bay Packers
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