MISUNDERSTOOD MONEY - Hingst, Jay

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Résumé :
This book portrays an informative guide for children and adults, telling them about how money works. Many adults are unapprised about how money works, and are carrying a vague idea about this term in their minds, that does not comply with reality by any means. Being educated about the facts behind the money game is the necessity of the hour. This book aims to educate children about how money flows in society and its dire need at times that they might often need to cope with. Money needs to be earned with a work hard, play hard motto. Sitting idle brings nothing but failure. In this book, Jay Hingst has tried to highlight the hidden facts about the flow and working of money. He has focused on the politicians, explaining how they use the money of the public to buy their votes and how they tell the people about getting rid of unemployment, increasing their wages, and then raising the taxes on the other side. This leaves the public with less value (purchasing power) in return. This book is a wake-up call for adults, notifying them about the precarious state of the country. They need to be made aware of the fact that the applied taxes, either direct or hidden, have been raised so high, that people can foresee their bankruptcy- left with no value in their accounts. People are increasing leaving the economy by each passing day, and people are hardly making both ends meet due to the increase in lack of value in their money. Having embraced sedulous habits throughout, Jay Hingst has spent his life working in a grocery store, hardware store, screw machine shop, root beer stand, and building houses. After completing his education (Bachelor of Science- Industrial Engineering), he worked for different manufacturing companies. He also served as a production supervisor in Orange Juice Bottling plant, and as a night shift supervisor in a medical supply manufacturing company. He then dedicated 25 years to the I.T. department, where he made a mark with his capabilities. He rewrote several systems to improve efficiency, reducing the run time of cost build from 8 hours to merely one and a half hours. He also successfully reduced the MRP from 12-14 hours to 4 hours. He diligently rewrote the inventory control system for a 40-million-dollar inventory, which required two persons for two weeks each month, to transfer the money to proper accounts. Getting the gist of the inventory control system, he reduced the thousands of dollar error to under a dollar error, thus not needing the people to make the transfers. His assiduous efforts helped the company cut down the annual physical inventory errors that had occurred from 5-7% to under 0.5 % which were now mostly counting errors. He also encountered people who didn't believe in his abilities, but he proved himself worth the trust and task and carried on his painstaking journey.