1 / 8

Personal Finance

Personal Finance. Bill Klinger. Personal Finance. Introductions Me You Syllabus Class procedures Class expectations A study showed that 83% of people who lost their job, lost it because of attendance or attitude. Check out money.cnn.com Personal Finance tab investor.vanguard.com.

destiny
Download Presentation

Personal Finance

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Personal Finance Bill Klinger

  2. Personal Finance • Introductions • Me • You • Syllabus • Class procedures • Class expectations • A study showed that 83% of people who lost their job, lost it because of attendance or attitude. • Check out • money.cnn.com Personal Finance tab • investor.vanguard.com

  3. Financial Decisions Should I buy a car or pay off my credit card first? How big of a house can I afford? What should I invest in? Do I have enough insurance? Will I be able to retire early? Should I take the cash value or the annuity in the lottery?

  4. Financial Planning Why bother? What is it? Do you need a financial advisor?

  5. Financial Plan Budgeting and tax planning Managing liquidity Financing large purchases Insurance Investing Retirement and estate

  6. Budgeting • Start with after-tax income • Identify expenses • Remainder is saving • Opportunity cost • What you give up as a result of a decision • What are the opportunity costs of • Buying an expensive car? • An unlimited data plan for your phone? • Buying Starbucks coffee every day? • How much do you save?

  7. Cash Flow Income saving spending “Cash” Expenses investments deposits credit Retirement & Estate Liquidity loans premiums investments Investing Financing Insurance

  8. Financial Plan • Goals • Short • Intermediate • Long-term • Current financial position • Alternatives / Options • Establish plan • Track your finances • Revise as conditions change

More Related