The document summarizes the subprime mortgage crisis and its global impact. It discusses how the crisis originated from risky lending practices involving subprime mortgages in the US housing market. This led to a contraction in liquidity and credit markets globally. Major financial institutions suffered huge losses totaling over $8 trillion. The crisis highlighted failures in mortgage underwriting, risky financial products, and lack of oversight that allowed risk to accumulate in the system.
The document discusses personal finance topics such as paying down high-interest debt, creating an emergency fund, saving for retirement and education. It notes that consumer debt in the US grew nearly 5 times from 1980 to 2001 and currently stands at $2.4 trillion. Credit card interest rates and amounts financed for auto loans have declined in recent years. Many college students take on significant debt, with the average debt per borrower rising to $22,700. Those seeking credit counseling typically have $43,000 in total debt, with $20,000 in consumer debt and $8,500 in revolving credit card debt.
The subprime crisis was caused by a rise in subprime lending during the 2000s housing boom. Subprime loans are high-risk loans given to borrowers with poor credit. As interest rates fell after 2000, lenders aggressively issued subprime mortgages with the expectation that housing prices would always rise. However, many subprime borrowers defaulted when housing prices declined in 2006-2007. This flooded the market with foreclosed homes and caused home prices and the value of mortgage-backed securities to plummet. Major financial institutions incurred huge losses, including investment banks and insurance companies. The crisis also had spillover effects globally and damaged industries in countries like India through slowing exports, manufacturing, tourism, and the IT sector
Individual disability income insurance protects your most valuable asset - your ability to work and earn an income. Approximately 30% of people aged 35 to 65 will suffer a disability lasting 90 days or longer. Having disability insurance is important because it can replace a portion of your income if you become injured or ill and cannot work. Without disability coverage, you may not be able to afford your expenses like your mortgage or tuition payments. Individual disability insurance fills in gaps not covered by employer-provided group long-term disability plans, which typically only provide 40-60% of your income. Contact a Principal Life representative to discuss individual disability income insurance options.
The document provides an overview of life insurance, discussing why people own life insurance, the different types of policies, and how life insurance can benefit both individuals and their families. It summarizes the benefits of term and permanent life insurance, and explains that a needs analysis can help individuals choose the best type of policy based on their specific needs, budget, and goals.
Financial disasters can strike in many ways, from stock market declines to natural disasters. Immediately after a financial disaster, experts such as financial advisors, bankers, and insurance agents can help assess needs and provide assistance. Assessing the scope of the disaster involves looking at short-term needs like cash flow and long-term needs such as financial planning. It is important to plan for future financial disasters through risk analysis and a household impact analysis that examines vulnerabilities and available resources. Developing a financial disaster recovery plan and testing it can help prepare for potential future financial hardships.
The document discusses challenges retirees face with managing their finances, including market volatility, longevity risks, healthcare costs, and inflation. It notes that average healthcare costs for a retiree are around $230,000 and that historically low-risk investments have not kept pace with inflation. The document advocates creating a customized portfolio that includes sources of steady income to outpace inflation and maintain one's standard of living in retirement. It also notes looming issues with Social Security and Medicare funding shortfalls that may require benefit adjustments.
The document summarizes the subprime mortgage crisis and its global impact. It discusses how the crisis originated from risky lending practices involving subprime mortgages in the US housing market. This led to a contraction in liquidity and credit markets globally. Major financial institutions suffered huge losses totaling over $8 trillion. The crisis highlighted failures in mortgage underwriting, risky financial products, and lack of oversight that allowed risk to accumulate in the system.
The document discusses personal finance topics such as paying down high-interest debt, creating an emergency fund, saving for retirement and education. It notes that consumer debt in the US grew nearly 5 times from 1980 to 2001 and currently stands at $2.4 trillion. Credit card interest rates and amounts financed for auto loans have declined in recent years. Many college students take on significant debt, with the average debt per borrower rising to $22,700. Those seeking credit counseling typically have $43,000 in total debt, with $20,000 in consumer debt and $8,500 in revolving credit card debt.
The subprime crisis was caused by a rise in subprime lending during the 2000s housing boom. Subprime loans are high-risk loans given to borrowers with poor credit. As interest rates fell after 2000, lenders aggressively issued subprime mortgages with the expectation that housing prices would always rise. However, many subprime borrowers defaulted when housing prices declined in 2006-2007. This flooded the market with foreclosed homes and caused home prices and the value of mortgage-backed securities to plummet. Major financial institutions incurred huge losses, including investment banks and insurance companies. The crisis also had spillover effects globally and damaged industries in countries like India through slowing exports, manufacturing, tourism, and the IT sector
Individual disability income insurance protects your most valuable asset - your ability to work and earn an income. Approximately 30% of people aged 35 to 65 will suffer a disability lasting 90 days or longer. Having disability insurance is important because it can replace a portion of your income if you become injured or ill and cannot work. Without disability coverage, you may not be able to afford your expenses like your mortgage or tuition payments. Individual disability insurance fills in gaps not covered by employer-provided group long-term disability plans, which typically only provide 40-60% of your income. Contact a Principal Life representative to discuss individual disability income insurance options.
The document provides an overview of life insurance, discussing why people own life insurance, the different types of policies, and how life insurance can benefit both individuals and their families. It summarizes the benefits of term and permanent life insurance, and explains that a needs analysis can help individuals choose the best type of policy based on their specific needs, budget, and goals.
Financial disasters can strike in many ways, from stock market declines to natural disasters. Immediately after a financial disaster, experts such as financial advisors, bankers, and insurance agents can help assess needs and provide assistance. Assessing the scope of the disaster involves looking at short-term needs like cash flow and long-term needs such as financial planning. It is important to plan for future financial disasters through risk analysis and a household impact analysis that examines vulnerabilities and available resources. Developing a financial disaster recovery plan and testing it can help prepare for potential future financial hardships.
The document discusses challenges retirees face with managing their finances, including market volatility, longevity risks, healthcare costs, and inflation. It notes that average healthcare costs for a retiree are around $230,000 and that historically low-risk investments have not kept pace with inflation. The document advocates creating a customized portfolio that includes sources of steady income to outpace inflation and maintain one's standard of living in retirement. It also notes looming issues with Social Security and Medicare funding shortfalls that may require benefit adjustments.
This document provides information on marrying finances and financial planning for married couples. It discusses evaluating your current financial condition by reviewing credit reports and creating income and expense statements. It also covers developing both long-term and short-term financial goals. Additionally, the document compares community property states versus common law states in terms of owning debt and property when married. Finally, it provides seven tax tips for married couples, including choosing the correct filing status and potential disadvantages of filing taxes separately.
The US financial crisis was caused by a housing bubble fueled by low interest rates and loose lending practices. Mortgages, especially subprime loans, were securitized and sold in complex financial products. When the housing bubble burst in 2008, the value of these securities plummeted, causing major losses at banks and other financial institutions and resulting in the failure or near-failure of some large companies. The crisis highlighted issues with risky leverage, lack of transparency, misaligned incentives, and inadequate risk management in the financial system.
The document discusses various sources of public finance including taxes, loans, grants, and aid. It provides details on the following:
1) Grants are financial aid awarded by the government for a specific purpose and do not need to be repaid, while loans are provided by banks and financial institutions and must be repaid with interest.
2) Getting a government grant is a competitive process that requires a complex application describing how funds will benefit the community, and often requires hiring professional help to write proposals.
3) The main difference between grants and loans is that grants do not require repayment, making them a gift, while loans must be repaid and involve taking on debt. Grants have no risk of
This document provides an overview of options for repaying student loans, including getting organized, setting up automatic payments, dealing with financial difficulty, and avoiding default. It discusses federal loan repayment plans, income-based repayment, loan forgiveness, consolidation, deferment, forbearance, bankruptcy, and resources for assistance.
This document summarizes an upcoming conference titled "From Here to Security" that will discuss life and disability insurance needs. It outlines reasons to participate in the program such as financial goal setting, affordable options, and addressing issues during work hours. The summary provides attendees with next steps to decide what services they want and sign up for a free meeting to begin their journey to financial security.
Planning for Unexpected Finances | Adam Tau Adam Tau
The document discusses planning for unexpected large financial risks such as market volatility, death, injury or illness, legal issues, outliving savings in retirement, and needing long-term care. It recommends diversifying investments, having life insurance to replace lost income from death, disability insurance to replace lost income from injury or illness, liability insurance for legal issues, annuities to guarantee retirement income, and long-term care insurance to cover expensive long-term care costs. Having insurance for these unexpected risks can provide financial protection and peace of mind.
Life insurance and health insurance policies can help reduce financial loss from various risks like illness, disability, or death. There are several types of health-related insurance policies that cover medical bills, critical illnesses, income if unable to work due to illness, permanent disability, and mortgage payments if unable to work. There are also different types of life insurance, with term life covering a fixed period and whole of life covering the entire lifespan but being more expensive. Insurance can help cover bills and maintain income if sickness or accidents prevent working.
Crowson Law Group is a law firm of renowned professionals who focus exclusively on personal injury matters. For legal advice and representation for a personal injury claim contact a Crowson Law Group car accident attorney in Wasilla
Bankruptcy is a legal process that allows deeply indebted individuals to create a repayment plan or have some debts erased. There are two main types of bankruptcy: Chapter 7 involves liquidating assets to repay debts and allows erasing unsecured debt; Chapter 13 creates a court-ordered repayment plan over 3-5 years. Bankruptcy remains on one's credit record for many years and makes obtaining credit more difficult with higher interest rates. It is a major life event that permanently affects borrowers, lenders, and those declaring bankruptcy. Responsible financial habits like tracking spending, minimizing borrowing, and saving for large purchases can help avoid the need for bankruptcy.
1) The average debt obligation of active DC plan participants increased by 9% between 1992 and 2010, leaving less money available for retirement savings. For near-retirement participants between 50-65 years old, debt obligations increased even more sharply, by 69%.
2) Over 60% of households with DC plans accumulated more debt than retirement savings between 2010-2011. 20% took on credit card debt faster than retirement savings, while others accumulated mortgage, auto, or other debt faster than savings.
3) DC plan participants that accumulated any type of debt faster than retirement contributions had around 50% less retirement savings than those focused more on building savings. Debt savers had only about 2 years of replacement income saved compared to
The document summarizes key events and causes of the 2007-2009 financial crisis. It notes that housing prices increased sharply until 2005 but then leveled off and declined, default and foreclosure rates increased in 2006, and major investment banks collapsed in 2008. The crisis was sparked by the decline in US housing prices, which reduced the value of mortgage-backed securities and threatened the solvency of financial institutions due to leverage. The crisis put the US and world economies into a deep recession, the largest since the Great Depression.
The document discusses various services provided by banks such as checking accounts, savings accounts, mortgages, loans, and certificates of deposit. It asks what kinds of projects the World Bank funds and whether borrowers pay back loans. The World Bank is described as working in developing countries to fight poverty through projects like healthcare in Mexico and reforestation in Turkey. The pros and cons of the World Bank's International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA) are outlined, such as IBRD providing technical assistance but possibly not understanding local cultures well enough.
This document provides information about the foreclosure process and options homeowners can explore to prevent foreclosure. It begins with an overview of foreclosure basics and definitions. It then discusses the pre-foreclosure timeline, options to consider like loan modifications, and steps homeowners should take like developing a budget and hardship letter when working with their mortgage company on a solution. Key advice emphasized includes maintaining regular contact with the mortgage company's loss mitigation department and thoroughly preparing a workout package.
This document summarizes key provisions of the 2010 Affordable Care Act that took effect in 2011. These include requiring dependent coverage until age 26, limiting tax-advantaged accounts to prescribed drugs, providing discounts in Medicare's coverage gap, implementing medical loss ratio rebates, expanding Medicare preventive benefits without cost sharing, and increasing Medicare premiums for high-income enrollees. It also outlines changes to Medicare Advantage plans and the establishment of the Community Living Assistance Services and Supports program.
Most persons when questioned about life insurance reply that it only benefits those left behind. The truth is that it can also benefit the policyholder more than an average savings plan. Unlike a savings plan, that needs time to grow, the life insurance benefit grows independent of time as it creates an immediate estate. How so?
CFP-Sponsored Research Shows the Importance of Financial Planning Thomas Zenovic
A new study sponsored by the CFP Board and Consumer Federation of America found that while 90% of households engage in some form of financial planning, only 20% take a methodical approach. The study classified households into three categories: basic planners (35%) who have a savings goal and budget, comprehensive planners (20%) who plan for insurance and retirement with professional help, and limited planners (33%). The results showed that financial planning and professional assistance correlate to greater savings and financial preparedness.
Actively managing your debt is an important step, and your student debt may be one of the biggest financial obligations you have. There are many strategies that could help you manage student loans efficiently.
In life, there are things we can control and others that we can't. If provisions are not made for the ones that are unexpected then our accumulated savings may have to be used to address those unforeseen expenses. The problem is that we may not have the amount we need at the time, and even if we did we may not have the time remaining to put it back
Stephen Cagnassola | Presenting few templates on financial literacy Stephen Cagnassola
Stephen Cagnassola explaining here few templates on financial literacy & basic strategies. Most people are thinking about growth in longevity in terms of an aging population’s burden on society. But we have the opportunity to look at it another way to reshape current models so that we live decades longer than our ancestors in a way that improves quality of life at all ages
This document provides guidance on personal financial management. It discusses the importance of budgeting, saving for retirement, managing debt, and setting financial goals. The key recommendations are to create a budget that spends less than you earn, pay off high-interest debt first, start retirement savings as early as possible, and set specific financial goals to stay motivated to save and reduce spending. Proper management of personal finances through budgeting, savings, and debt repayment is essential to achieving financial security over the long run.
Managing your expenses within the framework of a budget is necessary to survive financially. A budget is the best way to break the crippling cycle of debt. U.S. consumer debt has reached epidemic proportions. According to the Federal Reserve, Americans have accumulated more than $2 trillion in consumer debt and charged more than $740 billion on their credit cards.
This document provides information on marrying finances and financial planning for married couples. It discusses evaluating your current financial condition by reviewing credit reports and creating income and expense statements. It also covers developing both long-term and short-term financial goals. Additionally, the document compares community property states versus common law states in terms of owning debt and property when married. Finally, it provides seven tax tips for married couples, including choosing the correct filing status and potential disadvantages of filing taxes separately.
The US financial crisis was caused by a housing bubble fueled by low interest rates and loose lending practices. Mortgages, especially subprime loans, were securitized and sold in complex financial products. When the housing bubble burst in 2008, the value of these securities plummeted, causing major losses at banks and other financial institutions and resulting in the failure or near-failure of some large companies. The crisis highlighted issues with risky leverage, lack of transparency, misaligned incentives, and inadequate risk management in the financial system.
The document discusses various sources of public finance including taxes, loans, grants, and aid. It provides details on the following:
1) Grants are financial aid awarded by the government for a specific purpose and do not need to be repaid, while loans are provided by banks and financial institutions and must be repaid with interest.
2) Getting a government grant is a competitive process that requires a complex application describing how funds will benefit the community, and often requires hiring professional help to write proposals.
3) The main difference between grants and loans is that grants do not require repayment, making them a gift, while loans must be repaid and involve taking on debt. Grants have no risk of
This document provides an overview of options for repaying student loans, including getting organized, setting up automatic payments, dealing with financial difficulty, and avoiding default. It discusses federal loan repayment plans, income-based repayment, loan forgiveness, consolidation, deferment, forbearance, bankruptcy, and resources for assistance.
This document summarizes an upcoming conference titled "From Here to Security" that will discuss life and disability insurance needs. It outlines reasons to participate in the program such as financial goal setting, affordable options, and addressing issues during work hours. The summary provides attendees with next steps to decide what services they want and sign up for a free meeting to begin their journey to financial security.
Planning for Unexpected Finances | Adam Tau Adam Tau
The document discusses planning for unexpected large financial risks such as market volatility, death, injury or illness, legal issues, outliving savings in retirement, and needing long-term care. It recommends diversifying investments, having life insurance to replace lost income from death, disability insurance to replace lost income from injury or illness, liability insurance for legal issues, annuities to guarantee retirement income, and long-term care insurance to cover expensive long-term care costs. Having insurance for these unexpected risks can provide financial protection and peace of mind.
Life insurance and health insurance policies can help reduce financial loss from various risks like illness, disability, or death. There are several types of health-related insurance policies that cover medical bills, critical illnesses, income if unable to work due to illness, permanent disability, and mortgage payments if unable to work. There are also different types of life insurance, with term life covering a fixed period and whole of life covering the entire lifespan but being more expensive. Insurance can help cover bills and maintain income if sickness or accidents prevent working.
Crowson Law Group is a law firm of renowned professionals who focus exclusively on personal injury matters. For legal advice and representation for a personal injury claim contact a Crowson Law Group car accident attorney in Wasilla
Bankruptcy is a legal process that allows deeply indebted individuals to create a repayment plan or have some debts erased. There are two main types of bankruptcy: Chapter 7 involves liquidating assets to repay debts and allows erasing unsecured debt; Chapter 13 creates a court-ordered repayment plan over 3-5 years. Bankruptcy remains on one's credit record for many years and makes obtaining credit more difficult with higher interest rates. It is a major life event that permanently affects borrowers, lenders, and those declaring bankruptcy. Responsible financial habits like tracking spending, minimizing borrowing, and saving for large purchases can help avoid the need for bankruptcy.
1) The average debt obligation of active DC plan participants increased by 9% between 1992 and 2010, leaving less money available for retirement savings. For near-retirement participants between 50-65 years old, debt obligations increased even more sharply, by 69%.
2) Over 60% of households with DC plans accumulated more debt than retirement savings between 2010-2011. 20% took on credit card debt faster than retirement savings, while others accumulated mortgage, auto, or other debt faster than savings.
3) DC plan participants that accumulated any type of debt faster than retirement contributions had around 50% less retirement savings than those focused more on building savings. Debt savers had only about 2 years of replacement income saved compared to
The document summarizes key events and causes of the 2007-2009 financial crisis. It notes that housing prices increased sharply until 2005 but then leveled off and declined, default and foreclosure rates increased in 2006, and major investment banks collapsed in 2008. The crisis was sparked by the decline in US housing prices, which reduced the value of mortgage-backed securities and threatened the solvency of financial institutions due to leverage. The crisis put the US and world economies into a deep recession, the largest since the Great Depression.
The document discusses various services provided by banks such as checking accounts, savings accounts, mortgages, loans, and certificates of deposit. It asks what kinds of projects the World Bank funds and whether borrowers pay back loans. The World Bank is described as working in developing countries to fight poverty through projects like healthcare in Mexico and reforestation in Turkey. The pros and cons of the World Bank's International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA) are outlined, such as IBRD providing technical assistance but possibly not understanding local cultures well enough.
This document provides information about the foreclosure process and options homeowners can explore to prevent foreclosure. It begins with an overview of foreclosure basics and definitions. It then discusses the pre-foreclosure timeline, options to consider like loan modifications, and steps homeowners should take like developing a budget and hardship letter when working with their mortgage company on a solution. Key advice emphasized includes maintaining regular contact with the mortgage company's loss mitigation department and thoroughly preparing a workout package.
This document summarizes key provisions of the 2010 Affordable Care Act that took effect in 2011. These include requiring dependent coverage until age 26, limiting tax-advantaged accounts to prescribed drugs, providing discounts in Medicare's coverage gap, implementing medical loss ratio rebates, expanding Medicare preventive benefits without cost sharing, and increasing Medicare premiums for high-income enrollees. It also outlines changes to Medicare Advantage plans and the establishment of the Community Living Assistance Services and Supports program.
Most persons when questioned about life insurance reply that it only benefits those left behind. The truth is that it can also benefit the policyholder more than an average savings plan. Unlike a savings plan, that needs time to grow, the life insurance benefit grows independent of time as it creates an immediate estate. How so?
CFP-Sponsored Research Shows the Importance of Financial Planning Thomas Zenovic
A new study sponsored by the CFP Board and Consumer Federation of America found that while 90% of households engage in some form of financial planning, only 20% take a methodical approach. The study classified households into three categories: basic planners (35%) who have a savings goal and budget, comprehensive planners (20%) who plan for insurance and retirement with professional help, and limited planners (33%). The results showed that financial planning and professional assistance correlate to greater savings and financial preparedness.
Actively managing your debt is an important step, and your student debt may be one of the biggest financial obligations you have. There are many strategies that could help you manage student loans efficiently.
In life, there are things we can control and others that we can't. If provisions are not made for the ones that are unexpected then our accumulated savings may have to be used to address those unforeseen expenses. The problem is that we may not have the amount we need at the time, and even if we did we may not have the time remaining to put it back
Stephen Cagnassola | Presenting few templates on financial literacy Stephen Cagnassola
Stephen Cagnassola explaining here few templates on financial literacy & basic strategies. Most people are thinking about growth in longevity in terms of an aging population’s burden on society. But we have the opportunity to look at it another way to reshape current models so that we live decades longer than our ancestors in a way that improves quality of life at all ages
This document provides guidance on personal financial management. It discusses the importance of budgeting, saving for retirement, managing debt, and setting financial goals. The key recommendations are to create a budget that spends less than you earn, pay off high-interest debt first, start retirement savings as early as possible, and set specific financial goals to stay motivated to save and reduce spending. Proper management of personal finances through budgeting, savings, and debt repayment is essential to achieving financial security over the long run.
Managing your expenses within the framework of a budget is necessary to survive financially. A budget is the best way to break the crippling cycle of debt. U.S. consumer debt has reached epidemic proportions. According to the Federal Reserve, Americans have accumulated more than $2 trillion in consumer debt and charged more than $740 billion on their credit cards.
This document provides information on various personal finance topics including:
1) Different types of bank accounts such as checking, savings, CDs, and IRAs.
2) The difference between fixed and variable expenses and steps for creating a budget.
3) How credit cards work and the importance of paying off debt and maintaining a good credit score.
4) Ways to invest money such as savings accounts, bonds, real estate, and stocks.
5) Different types of insurance including health, life, auto, home, and explanations of common insurance terms.
6) Government agencies that protect consumers such as the FTC, CPSC, FDA, FCC, and ATF
This document discusses the importance of financial planning and protection. It recommends having an emergency fund equal to 6 months of fixed living expenses. It also stresses the importance of health insurance for the entire family as well as life insurance for breadwinners. The document provides tips for wealth accumulation through asset allocation and preservation through tax planning and retirement planning. It addresses the need for succession planning through wills and estate planning to distribute assets smoothly.
This document provides an overview of personal finance literacy and how to make good financial decisions. It discusses understanding income and expenses, getting paid through wages or salary, reviewing paychecks, budgeting money by paying bills and discretionary spending, maintaining good credit through on-time payments, and options for debt management if overspending occurs. The key aspects covered are budgeting income and expenses, understanding different account types like checking and savings, using credit cards responsibly, and maintaining good credit over time.
The document outlines seven dimensions of personal finance that can be used as an organizing framework to develop consumer-focused stories and angles when reporting on various topics and beats: 1) Earning, 2) Spending, 3) Borrowing, 4) Saving, 5) Investing, 6) Taxes, and 7) Risk management. These dimensions provide a checklist for exploring personal finance angles even in hard news stories. The document encourages using this framework to brainstorm potential consumer interest stories and provides examples of exploring personal finance angles in specific beats over the following week.
This document discusses living within your means by distinguishing between "must-haves" and "wants". It defines must-haves as basic living expenses like housing, utilities, food, and legally obligated payments. Wants include discretionary expenses like entertainment, eating out, and optional phone/internet features. It recommends getting must-haves below 50% of take-home pay, controlling wants through delayed purchasing, and prioritizing debt repayment and savings to build financial independence and emergency funds.
Finance Knowledge, Finance is a broad field that encompasses many aspects of personal and business management. Having basic financial knowledge can help you make informed decisions and ensure a more stable financial future. In this article, we’ll cover the essentials of finance for beginners.
The document is a presentation from The Iowa Able Foundation about money management. It discusses setting both short-term and long-term goals, considering income, benefits, taxes, and required education when choosing a career, creating a budget to track spending and ensure bills can be paid, and the importance of saving for both predictable and unpredictable expenses through methods like paying yourself first and retirement funds. The presentation aims to empower Iowans with disabilities and seniors to achieve financial independence.
This document provides an introduction to financial literacy concepts for college-bound students. It includes a quiz testing knowledge of topics like insurance, loans, credit cards, and interest rates. It finds that the average American adult scores only 40% on such quizzes. The document then discusses various types of student loans and factors to consider in loans. It provides facts about the large amount of student debt in the US and increasing tuition costs. It also covers credit scores, interest rates, budgeting, and the importance of savings. The overall message is that students should educate themselves on personal finance topics to avoid debt traps.
The document provides an overview of personal finance topics including what money is, how to earn and spend money, taxes, housing options, saving and investing, credit, and building a good credit history. Some key points:
- Money is a form of payment accepted in exchange for goods and services. Coins, paper bills, cheques, and credit cards are common forms of money.
- People earn money through allowances, employment, savings and investments which provide interest and capital gains. Income is categorized as gross, net, disposable or discretionary.
- Budgeting involves assessing finances, setting goals, creating a spending plan, monitoring spending, and revising the budget.
- Savings are used for large purchases
Assignment for my macroeconomics class covering fiancial markets, financial intermediaries & institutions, the federal government deficit as well as time value money concepts.
The document provides information on personal financial readiness, including how to create a budget, manage credit and debt, protect your identity, save and invest for retirement, and tips for financial success. It recommends developing a budget with 10-20% of take-home pay allocated to savings, 50% to needs, and 30% to wants. It also advises paying off credit card balances in full each month, contributing at least 10% of income to retirement accounts, and starting to invest as early as possible to benefit from compound returns over time.
NEFE Money Management for Military Personnel Preparing for DeploymentForrest Baumhover
If you are a servicemember or military family preparing for a first deployment, this presentation can help walk you through the steps you need to take.
This document provides an overview of financial literacy. It defines financial literacy as having basic personal finance skills, including understanding income, money management, saving, investing, spending and credit. It notes that financial literacy is important because it results in a higher standard of living, and individuals are responsible for their own financial decisions as social security is less reliable. The document recommends developing a budget to manage debt, minimize negative debt, and plan for the future. It provides tips for credit card usage and avoiding debt. It defines a FICO score and its importance in determining credit risk and interest rates. Students are assigned homework on researching a potential salary, creating a budget, and obtaining their FICO score.
This document provides advice on financial planning considerations for those diagnosed with cancer. It discusses how financial institutions, advisors, and insurance agents can help by keeping finances organized, accessing specialized services, and ensuring proper documentation is in place. Key questions are outlined to ask about accounts, products, fees, benefits, tax implications, and insurance policies. Regular financial reviews are recommended to ensure goals and plans remain on track. Federal and provincial assistance programs are also noted. The overall message is that seeking help from professionals can help focus on treatment and recovery by keeping financial affairs in order.
Poverty, Development, Microfinance-an introduction to MicrofinaceGood Return
This document provides an overview of microfinance and poverty alleviation. It discusses who the poor are and why they need access to financial services. It examines common household expenses and how the poor currently pay for these expenses. It then analyzes different microfinance models and the types of financial services they provide, including savings, credit, insurance, and remittances. The document also explores the supply and demand challenges of providing these services, and how internet platforms like Kiva are attempting to address some of these challenges by linking lenders and borrowers online.
FC CFP Personal Financial Planning Group ProjectRicky Erling
This document provides a financial guidance profile for Mario and Meredith Sanchez. It includes various ratios and charts analyzing their income statement, balance sheet, housing expenses, debt levels, savings, emergency fund, and monthly payments. It also discusses the certified financial planner's fees and responsibilities, recommendations for financial record keeping, options for refinancing their home, and details of their insurance policy. The document contains detailed financial information to help the certified financial planner provide guidance to Mario and Meredith Sanchez.
The document provides tips for job applicants on preparing resumes and following up with recruiters. It advises to ensure resumes are free of flaws, tailored to each job, and highlight relevant skills and keywords. Cover letters should specifically address why the applicant fits the role. When following up, timing is important - wait 1-2 weeks before contacting a recruiter, as responses can take longer for junior versus senior roles, and non-responses may mean the applicant is not the top candidate. Recruiters may also keep profiles on file without immediate openings.
Networking through friends and former colleagues is the best way to look for opportunities, rather than randomly searching online or sending unsolicited emails. It is important to have the right skills for the job and understand how your skills align with the company's needs and vision. Candidates should thoroughly review all social media profiles and ensure information is consistent across platforms, as many employers will research candidates online and unprofessional content could deter hiring.
Changing expectations after an interview reflects badly on the candidate and increases chances of rejection. Proper market research on prevailing rates for the role and location is important before an interview to avoid expressing unrealistic expectations during negotiations. Candidates should also follow up if not contacted after an interview, thank recruiters for their time, and stay connected on professional networks even if not selected in order to maintain positive relationships.
This document provides tips for phone interviews and in-person interactions. For phone interviews, candidates should keep an relaxed tone, take notes of their questions, and avoid multitasking. During interactions, candidates should prepare about themselves and the company, do research on the company, remain humble and polite without seeming nervous. Candidates should ask the right questions without dominating the conversation. For in-person interviews, candidates should make eye contact, arrive on time, dress neatly to convey seriousness, avoid unkempt appearance, and remain attentive with an appropriate energy level.
This document tell you information for how to analyze the quarter results of the company. Quarter results published by company , in which they showcase their performance to shareholders and analyst.
Different type of strategy followed by investor to invest in stocks market. basically 3 type of strategy generally followed which are Dividend Investing , Buy and Hold Investing and Trend Investing
An economic moat refers to a company's ability to maintain competitive advantages and protect its profits and market share from competitors over the long run. The document outlines several types of economic moats that can provide advantages, including high switching costs for customers, efficient scaling, low cost production, network effects from larger user bases, and strong intangible assets like patents and trademarks.
Factor Analysis Numerical and Solution , MBA , Analytics , Data Analysis , Marketing Analytics , Business Analytics , For Academics use only.
For any Queries
Email me at : krishna.khandelwal2010@yahoo.com
The document summarizes tensions between the Reserve Bank of India (RBI) and the Indian government over several issues: interest rates, dividend payments, loan restructuring, regulation of public sector banks, corrective action for struggling banks, payments regulation, board appointments, liquidity support for non-banking financial companies, foreign exchange reserves, and more. Key points of contention have been the RBI's refusal to cut interest rates as desired by the government, lower than expected dividend payments from the RBI to the government, and the RBI's regulatory actions around struggling banks which put pressure on the government.
Contact me if you need any help regarding the Document
Email: krishna.khandelwal2010@yahoo.com
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STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy VisaAmit Kakkar
Discover essential details about Thailand's recent visa policy changes, tailored for tourists and students. Amit Kakkar Easy Visa provides a comprehensive overview of new requirements, application processes, and tips to ensure a smooth transition for all travelers.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
Every business, big or small, deals with outgoing payments. Whether it’s to suppliers for inventory, to employees for salaries, or to vendors for services rendered, keeping track of these expenses is crucial. This is where payment vouchers come in – the unsung heroes of the accounting world.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
The Impact of Generative AI and 4th Industrial RevolutionPaolo Maresca
This infographic explores the transformative power of Generative AI, a key driver of the 4th Industrial Revolution. Discover how Generative AI is revolutionizing industries, accelerating innovation, and shaping the future of work.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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1. krishna.khandelwal2010@yahoo.com
Personal Finance
1: 4 Pillars of Personal Finance
Income, Expenses, Asset and Liabilities.
Income: Secure your source of income .No one, not even your near and dear ones, will be ready to spend on your needs.
Expenses: Manage expenses such as Rent, EMI, Insurance Premium, medical expenses.
Asset: It matter immensely. Assets are useful for their value and the income they generate. They are cushions for future
income.
Liabilities: Keep in control (EMI and credit cards). The repayment of any loan hits 3 other pillars as reduces income,
increases expenses and impairs the ability to build assets.
Personal Finance is all about managing these 4 pillars.
2: Split Outflow Budget in 3 bucket
Saving and Investment: investing in PPF, mutual funds, NCD’s, RD, and FD’s.
Expenses: Mostly common monthly expenses such as electricity bill, telephone bill, Wi-Fi Bill, DTH bill. These bills are
easy to track. Groceries bill, Eating out, Going Out for Movies are discretionary expenses. Annual Expenses is travelling
.Apart from all these make provisions for random expenses.
Repayment: Considering EMI of Home loan, Personal loan, Education loan , Credit Cards repayment.
3: 4 Laws of Money
1. Don’t spend more than you make.
2. Avoid buying depreciating asset.
3. Don’t go into debt to impress others.
4. Actively invest and track your net worth.
4: 3 Component of Healthy Portfolio
Financial strength and last a long time: includes Property, PPF, bank deposit, PF and gold.
Grow in Value: includes Equity, Mutual Funds, and Bonds.
Opportunistic and Speculative: includes IPO, Penny stocks, and commodities.
Note: kindly go through the risk profile of each asset classes also.