FIN 320 Notes
5 steps in the financial planning process:
1. Evaluate your financial health
a. Look at current financial situation.
b. Assets vs Liabilities
c. Spending portfolio
d. Where you are
2. Define your financial goals
a. Where you want to go
Housing In-Class Exercise
1. Look at the handout with homes in the Terre Haute area
a. Find the price and size of the home.
i. Home 1: $155,000
ii. Home 2: $219,900
b. What is the price per square foot?
i. Home 1: $83.40
ii. Home 2: $89.
FIN320 Review for Exam 3
Investing: Ch 11, 14
Retirement and Estate planning: Ch 15, 16
What are the first considerations in investing? When should you invest?
Why should you invest? What are the risks of investing? What is the risk-return tra