Personal finance
Personal finance, which involves the act of budgeting, saving, and investing one’s assets, is a skill set that every person will need to exercise over the course of their lifetimes. The latest research and personal finance facts prove that this skill is conducive to a financially stable and happier lifestyle. The benefits of personal finance include an ability to effectively budget for costs, higher savings rates for retirement, and making prudent investment choices that will help the individual reach his or her financial goals.
Principles of Personal Finance
1
Knowledge is Power
2
Nothing Happens Without a Plan
3
The Time Value of Money
4
Risk vs. Return
5
Taxes Matter
6
Life Happens – The Importance of Liquidity
7
The Power of Budgeting
8
Protect Yourself and Others
9
You Are Your Worst Enemy
10
Just Do It!
Important Aspects of Personal Finance
1
Cash flow management
2
Consumer debt reduction
3
Asset protection
4
Long-term planning and investing
5
Tax planning
Introduction
1
What Is Personal Finance?
2
Benefits of Personal Finance
Be the first to add a review.
Please, login to leave a review
