Many americans are not business many literate

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: nsumers Offering don’t understand Financial Turmoil Market losses, frauds 11 Why Personal Finance? Many Americans Are Not Business Many Literate Literate Like It or Not, You Are a Business!!!! Like You Lifetime earnings $3 million + Business principles are the same for Business corporations and individuals Money isn’t the key to happiness, but it Money can be the source of major problems in life life 12 A Key Formula to Financial Success Revenues > Expense = Success Revenues Success Expenses > Revenues = Financial Crisis Expenses Financial Our economy encourages spending, so the providers of Our encourages goods and services can be financially successful goods 13 You Are A Business!!! Business Individual Business Strategy Career Selection Mergers Marriage Financing Factories Mortgages, Car Financing Mortgages, Notes Notes Expansions Expansions Risk Management Buying Insurance Capital Investments Buying Houses, Buying Cars; Investments Cars; Procurement Daily Spending Corporate Tax Individual Tax Contingency Plans Retirement, Estates 14 Money Attitudes Attitudes On Money Are Influenced By Attitudes Our Background & Emotions Our Rich or poor Secure or insecure How much (or little) money our friends had Allowances Houses, cars, clothes Borrowing money 15 Personal Finance & Investments Why do so many people have problems...
View Full Document

Ask a homework question - tutors are online