130 likes | 329 Views
ORINS. The Smart Kids Score. Asset. Definition Any item of economic value owned by an individual or company. Asset is anything that generates economic value. Write down what is an asset Give 3 to 5 examples of asset with reason you believe it to be asset. Is cash an asset?.
E N D
ORINS The Smart Kids Score
Asset Definition • Any item of economic value owned by an individual or company. • Asset is anything that generates economic value
Write down what is an asset • Give 3 to 5 examples of asset with reason you believe it to be asset.
Asset vs Liability • http://www.youtube.com/watch?v=d0bt7-PoCdQ
Assets • http://www.youtube.com/watch?v=d0bt7-PoCdQ
If you have money whether you will buy car or buy property out of it? • Why?
Assessment • Q.1. • Raju has property worth Rs. 15 lakh in Nashik, he wants to earn atleast 5% annual income on his property. He wants to rent out the property , How much minimum rent he should ask for his property? • Challenge Question. • If he comes under 30% tax bracket, how much he needs to collect for rent to get 5% net income.
Q.2 • Rohit earns 5 lack per year and his savings are Rs. 2lakh per annum. • He can either buy a house with 10 year EMI or Buy car this year and think later on what to do with his money. • What is your advise to him?