Unformatted text preview: nsumers
don’t understand Financial Turmoil Market losses, frauds
11 Why Personal Finance? Many Americans Are Not Business
Like It or Not, You Are a Business!!!!
You Lifetime earnings $3 million + Business principles are the same for
corporations and individuals Money isn’t the key to happiness, but it
can be the source of major problems in
12 A Key Formula to Financial Success
Revenues > Expense = Success
Expenses > Revenues = Financial Crisis
Our economy encourages spending, so the providers of
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
Risk Management Buying Insurance Capital Investments Buying Houses,
Procurement Daily Spending Corporate Tax Individual Tax Contingency Plans Retirement, Estates 14 Money Attitudes Attitudes On Money Are Influenced By
Our Background & Emotions
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...
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