Personal Finance

Saylor URL: http://www.saylor.org/books Saylor.org 1.3 The Planning Process LEARNING OBJECTIVES Trace the steps of the financia ...

Saylor URL: http://www.saylor.org/books Saylor.org next decade, she foresees having a family; if so, she will want to purchase a ...

Saylor URL: http://www.saylor.org/books Saylor.org whether she is making progress toward them. Even a ballpark assessment of the ...

Saylor URL: http://www.saylor.org/books Saylor.org Alice will have an annual budget surplus of just $400 (income = $35,720 − $35 ...

Saylor URL: http://www.saylor.org/books Saylor.org In her current situation, Alice is reducing debt, so one choice would be to c ...

Saylor URL: http://www.saylor.org/books Saylor.org Figure 1.15 Considering Risk in Alice’s Choice The Vegas option becomes least ...

Saylor URL: http://www.saylor.org/books Saylor.org immediate benefit but more choices later. Risk itself is a cost, and choice a ...

Saylor URL: http://www.saylor.org/books Saylor.org d. Retire e. Travel around the world in a sailboat Identify and prioritize yo ...

Saylor URL: http://www.saylor.org/books Saylor.org There are a multitude of financial advisors to help with financial planning, ...

Saylor URL: http://www.saylor.org/books Saylor.org understand where the advisor’s interests lie (as well as your own). It is alw ...

Saylor URL: http://www.saylor.org/books Saylor.org Financial advisors may be working as accountants, investment advisors, tax a ...

Saylor URL: http://www.saylor.org/books Saylor.org Chapter 2 Basic Ideas of Finance Introduction Money, says the proverb, makes ...

Saylor URL: http://www.saylor.org/books Saylor.org Define opportunity and sunk costs and discuss their effects on financial dec ...

Saylor URL: http://www.saylor.org/books Saylor.org Figure 2.2 Sources of Income In the labor market, the price of labor is the w ...

Saylor URL: http://www.saylor.org/books Saylor.org Your ability to sell labor and earn income reflects your situation in your la ...

Saylor URL: http://www.saylor.org/books Saylor.org Figure 2.3 Budget Deficit When income for a period is greater than expenses, ...

Saylor URL: http://www.saylor.org/books Saylor.org There are two other important kinds of costs aside from expenses that affect ...

Saylor URL: http://www.saylor.org/books Saylor.org Wages or salary is income from employment or self-employment; interest is ea ...

Saylor URL: http://www.saylor.org/books Saylor.org 2.2 Assets LEARNING OBJECTIVES Identify the purposes and uses of assets. Ide ...

Saylor URL: http://www.saylor.org/books Saylor.org The better investment asset is the one that increases in value—creates a capi ...