How_Money_Works_-_The_Facts_Visually_Explained
142 143 GOVERNMENT FINANCE AND PUBLIC MONEY Why governments fail financially Why governments fail financially Gaining trust Trus ...
How it works Trust in the value of a currency is essential to maintain price stability in modern economies. Governments therefor ...
GOVERNMENT FINANCE AND PUBLIC MONEY Why governments fail financially 144 145 STOPPING HYPERINFLATION Hyperinflation sets in and ...
INTEREST PAYMENTS Recession How it works Ideally, government borrowing should remain stable. Sometimes, however, even a well-run ...
146 147 GOVERNMENT FINANCE AND PUBLIC MONEY Why governments fail financially Borrowing increases DEBT GROWS Borrowing increases ...
£ £ £ ¥ € $ $ $ $ $ 148-149_OPENER_CH4.indd 148 13/10/2016 15:37 ...
PERSONAL FINANCE ❯ Worth, wealth, and income ❯ Investments for income ❯ Wealth-building investments ❯ Managing investments ❯ Pen ...
Assess situation Investors calculate the value of assets such as cash, stocks, bonds, property, and retirement funds. Then subtr ...
150 151 PERSONAL FINANCE Worth, wealth, and income DEBT DEBT Financial independence Effective investment over a lifetime builds ...
Assets Easily accessible sources of cash ❯❯Cash in hand ❯❯Cash held in current account ❯❯Cash value of life insurance ❯❯Money ma ...
152 153 PERSONAL FINANCE Worth, wealth, and income Can be sold for cash but may take time ❯❯A home, which can be sold if downsiz ...
Income and wealth Two of the key concepts of personal finance, income and wealth, represent different states of an individual’s ...
154 155154 PERSONAL FINANCE Worth, wealth, and income How it works Wealth is the value of a person’s assets, savings, and invest ...
How it works There is no easy way to determine how much wealth is sufficient for retirement. It depends on the individual. High ...
156 157 PERSONAL FINANCE Worth, wealth, and income A PERSONAL BUDGET There are many ways in which household spending can be curt ...
How it works Wealth can be amassed in various ways, almost all of which rely on income. Inheriting money, property, or other ass ...
158 159 PERSONAL FINANCE Worth, wealth, and income EARNING PASSIVE INCOME Savings accounts can offer high returns, but it is imp ...
Generating wealth The billionaires who appear on annual lists of the world’s wealthiest individuals may have built their empires ...
160 161 PERSONAL FINANCE Worth, wealth, and income How it works Building wealth requires discipline and a long-term strategy for ...
Investments for income The main aim of personal finance planning is to ensure that there is enough money to buy a larger house i ...
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