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Personal Finance Basics & Time Value of Money
The process of…
Personal Finance Basics & Time Value of Money
- The process of managing your money to achieve personal
economic satisfaction.
- Personal Financial Planning
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- Financial Planning Process
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Risks (inflation, interest rate, income, personal, liquidity)
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Personal Financial Goals
Types: Consumable products, durable products, intangible purchases
SMART Goals: Specific, Measurable, Action-oriented, Realistic, Time-based
Timing: Short term (<1 year), Intermediate (1-5 years), Long-term (>5 years)
Global influences (trade, currency, inflation)
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Economic Condition
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Dow Jones Average, S&P 500, other stock market indexes
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