




版权说明:本文档由用户提供并上传,收益归属内容提供方,若内容存在侵权,请进行举报或认领
文档简介
Chapter1PersonalFinancialPlanninginActionCopyright
©2010byTheMcGraw-HillCompanies,Inc.Allrightsreserved.McGraw-Hill/IrwinPersonalFinancialPlanningObjectivesIdentifysocialandeconomicinfluencesonpersonalfinancialgoalsanddecisionsDeveloppersonalfinancialgoalsAssesspersonalandfinancialopportunitycostsassociatedwithfinancialdecisionsImplementaplanforthesedecisions1-2FinancialPlanningProcessofmanagingyourmoneytoachievepersonaleconomicsatisfactionFinancialPlan:
FormalizedreportSummarizescurrentfinancialsituationAnalyzesfinancialneedsRecommendsfuturefinancialactivities1-3AdvantagesofFinancialPlanningIncreasedeffectivenessinobtaining,using,andprotectingfinancialresourcesIncreasedcontrolofyourfinancialaffairsImprovedpersonalrelationshipsSenseoffreedomfromfinancialworries1-4LifesituationandpersonalvaluesFinancialplanninginoureconomyDomesticeconomicinfluencesGlobalInfluencesInflationInterestratesObjective1
IdentifySocialandEconomicInfluencesonPersonalFinancialGoalsandDecisions1-5LifeSituationandPersonalValuesAdultlifecycleLifeSituationFactors:Maritalstatus,household
size,employmentExhibit1-1(page5)Majorevents:Graduation,marriage,divorceBirthoradoptionofchildCareerorhealthchangesValues:Theideasandprinciplesyouconsidercorrect,desirable,andimportant1-6FinancialPlanninginOurEconomy
DomesticInfluencesEconomy’sinfluenceonfinancialplanningBusiness,labor&governmentTheFederalReserve“..Setsthenation’smonetarypolicytopromotetheobjectivesofmaximumemployment,stablepricesandmoderatelong-terminterestrates.”/1-7FinancialPlanninginOurEconomy
GlobalFactorsU.SeconomyaffectedbyforeigninvestorsandcompetitionfromforeigncompaniesLevelofimports/exportsaffectsavailablesupplyofdollarsLevelofforeigninvestmentaffectsdomesticmoneysupplyMoneysupplyaffectsconsumerinterestrates1-8FinancialPlanninginOur
EconomyInflationInflation=inthegenerallevelofpricesReducesbuyingpowerofthedollarMostharmfultothoseonfixedincomesInflationratesvary“Hiddeninflation”CPI=ameasureofinflation1-9FinancialPlanninginOurEconomy
InterestRatesInterestRate=thecostofmoneyAffectedbysupplyanddemandRiskpremium:LengthoftimefundsinuseExpectedinflationUncertaintyMajorimpactonfinancialplanning1-108BasicFinancialPlanningActivitiesObtaining Chapter1Planning Chapters2,3Saving Chapter4Borrowing Chapter5Spending Chapter6,7ManagingRisk Chapter8-10Investing Chapter11-13Retirement/EstatePlanning Chapter141-11TimeFramesforAchievingFinancialGoals:Short-termgoals........... w/in1yearIntermediategoals......... 2-5yearsLong-termgoals........... >5yearsFinancialNeedsGoals:Consumable-productgoals... Food,clothingDurable-productgoals...... Car,appliancesIntangible-purchasegoals... Education,healthObjective2
DevelopPersonalFinancialGoals1-12Goal-SettingGuidelinesEffectiveGoalsshouldbe:RealisticStatedinspecific,measurabletermsBasedonatimeframeAction-oriented1-13Objective3
AssessPersonalandFinancialOpportunityCostsofFinancialDecisionsOpportunitycost=whatyougiveupmakingachoiceThetrade-off
ofadecisionNotalwaysmeasurableindollars;maybetimeConsiderlostopportunitiesresultingfromyourdecisions1-14OpportunityCostsand
FinancialTrade-OffsPersonalOpportunityCosts(time,effort,health)FinancialOpportunityCosts(Interest,liquidity,
safety)FinancialAcquisitions(car,home,collegeeducation,investments,insurance,retirementfund)1-15TimeValueofMoneyIncreaseinanamountofmoney
asaresultofinterestearnedSavingtoday=moremoneytomorrowSpendingtoday=lostinterestSavingandspendingdecisionsinvolveconsideringthetrade-offsCurrentneedscanmakespendingworthwhile1-16Calculatinginterestearned:Principal=amountofsavingsAnnualinterestrateLengthoftimemoneyondeposit(inyears)Simpleinterest:TimeValueofMoney
InterestCalculationsAmtinSvgsXAnnualInterestRateTimePeriodInterestX=1-17$500ondepositat6%annualinterestfor6months:Principal=$500Interestrate=6%Timeperiod=½(6/12months)TimeValueofMoney
InterestCalculationExample$500X6%1/2$15X=1-18FutureValueTheincreasedvalueofmoneyfrom interestearnedAmounttowhichcurrentsavingswill increaseTotalamountavailableinthefuture“Compounding”1-19FutureValue
Example
FutureValueOriginalAmountinSavingsInterestEarned=+$100depositedfor1yearat6%peryearFutureValue=$100+($100X.06X1)FutureValue=$100+$6=$106 1-20FutureValueTablesExhibit1-3A=FVofaSingleAmountMultiplyTableFactorbyamountdepositedAllFutureValuefactors>1.0Example:$650investedat8%for10yearsFactor=2.159FV=$650X2.159=$1,403.351-21FutureValue
SeriesofDepositsExhibit1-3B“Annuity”=seriesofequaldepositsatequalintervalsearningaconstantrateExample:Deposit$50peryearat7%for6yearsExhibit1-3Bfactor=7.153FutureValue=$50x7.153=$357.651-22PresentValueThecurrentvalueofafutureamountbasedona
certaininterestrateandtimeperiodThecurrentvalueofanamountdesiredinthefutureHowmuchtodepositnowtoobtainadesiredtotalinthefuture“Discounting”1-23PresentValueTablesExhibit1-3C=PVofasingleamountMultiplyTableFactorbyamountdepositedAllFutureValuefactors<1.0Example:Youwant$1,000fiveyearsfromnowYoucanearn5%onyourmoneyPresentValue=$1,000X0.784=$7841-24PresentValue
ofaSeriesofDepositsExhibit1-3DDeterminehowmuchyouneedtodepositnowinordertowithdrawaspecificamountforadesirednumberofyearsExample:Youwanttowithdraw$400/yearfor9yearsYourmoneyisearning8%peryearDeposit=$400X6.247=$2,498.801-25The6-StepFinancialPlanningProcess1-26DeterminecurrentfinancialsituationDevelopfinancialgoalsIdentifyalternativecoursesofactionContinuesamecourseofactionExpandcurrentsituationChangecurrentsituationTakeanewcourseofactionObjective4
ImplementaPlan
fo
温馨提示
- 1. 本站所有资源如无特殊说明,都需要本地电脑安装OFFICE2007和PDF阅读器。图纸软件为CAD,CAXA,PROE,UG,SolidWorks等.压缩文件请下载最新的WinRAR软件解压。
- 2. 本站的文档不包含任何第三方提供的附件图纸等,如果需要附件,请联系上传者。文件的所有权益归上传用户所有。
- 3. 本站RAR压缩包中若带图纸,网页内容里面会有图纸预览,若没有图纸预览就没有图纸。
- 4. 未经权益所有人同意不得将文件中的内容挪作商业或盈利用途。
- 5. 人人文库网仅提供信息存储空间,仅对用户上传内容的表现方式做保护处理,对用户上传分享的文档内容本身不做任何修改或编辑,并不能对任何下载内容负责。
- 6. 下载文件中如有侵权或不适当内容,请与我们联系,我们立即纠正。
- 7. 本站不保证下载资源的准确性、安全性和完整性, 同时也不承担用户因使用这些下载资源对自己和他人造成任何形式的伤害或损失。
最新文档
- 环保材料在饮料设备中的应用与循环利用路径-洞察阐释
- 互助性养老服务在农村的可行性研究
- 医院能源托管项目可行性研究报告
- 2025至2030年中国电串烤式烤炉行业投资前景及策略咨询报告
- 数据驱动下的医疗资源分配优化策略
- 2025至2030年中国浴块行业投资前景及策略咨询报告
- 2025至2030年中国沙发坐垫带行业投资前景及策略咨询报告
- 2025至2030年中国毛尖染色毛皮行业投资前景及策略咨询报告
- 2025至2030年中国染色弹力帆布行业投资前景及策略咨询报告
- 2025至2030年中国有机硅精细化工品行业投资前景及策略咨询报告
- 2024中国国新基金管理有限公司相关岗位招聘7人笔试参考题库附带答案详解
- 光伏组件清洗合同
- 作风建设学习教育心得体会:在深入学习中校准思想坐标持续转变工作作风(3篇)
- 人体解剖学题库(含答案)
- 2025年浙江省新能源投资集团股份有限公司招聘笔试参考题库附带答案详解
- 传统加油站行业痛点分析与数字化解决方案
- 法人授权委托书深圳标准版
- 2025年新高考历史预测模拟试卷山东卷(含答案解析)
- 智创上合-专利应用与保护知到课后答案智慧树章节测试答案2025年春青岛工学院
- 2025年全国中小学校科普知识竞赛题库及答案(共80题)
- 非营利组织财务管理制度与流程
评论
0/150
提交评论