15 Pinciple - 15 Pinciple's of personal finance 1.Risk...

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15 Pinciple's of personal finance 1.Risk return trade off 2.The time value of money…………earn interest !….or Invest……….spend immediately…. .inflation….RISK 3.Diversification reduces risk 4.All risk is not equal 5.The curse of competitive investment markets 6. Taxes effect personal financial decisions 7.Stuff happens 8. Nothing happens without a plan 9. The best protection is knowledge 10. Protect yourself from major catastrophes 11. The time dimension of investing 12. The agency problem 13. Pay yourself first 14. Money isn't everything 15. Just do it Measuring your Financial Health 1. know where you stand 2. Balance Sheet, Income Statement- Financial Snapshot of what we own and what we owe(at a point in time) 1. Income statement measures where our money goes over a period of time, lets you know if your making money or if your losing money 2. Knowing where your money goes to have to pay for Bills 3. Why is this happening?……what is the trend? 4.
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This note was uploaded on 04/27/2011 for the course FIN 101 taught by Professor Daly during the Spring '11 term at Salt Lake Community College.

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15 Pinciple - 15 Pinciple's of personal finance 1.Risk...

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