个人理财英文版第一章.ppt

Personal Financial Planning Objectives Identify social and economic influences on personal financial goals and decisions Develop personal financial goals Assess personal and financial opportunity costs associated with financial decisions Implement a plan for these decisions Financial Planning Process of managing your money to achieve personal economic satisfaction Financial Plan: Formalized report Summarizes current financial situation Analyzes financial needs Recommends future financial activities Advantages of Financial Planning Increased effectiveness in obtaining, using, and protecting financial resources Increased control of your financial affairs Improved personal relationships Sense of freedom from financial worries Objective 1Identify Social and Economic Influences on Personal Financial Goals and Decisions Life situation and personal values Financial planning in our economy Domestic economic influences Global Influences Inflation Interest rates Life Situation and Personal Values Adult life cycle Life Situation Factors: Marital status, household size, employment Exhibit 1-1 (page 5) Major events: Graduation, marriage, divorce Birth or adoption of child Career or health changes Values: The ideas and principles you consider correct, desirable, and important Financial Planning in Our EconomyDomestic Influences Economy’s influence on financial planning Business, labor government The Federal Reserve “.. Sets the nation’s monetary policy to promote the objectives of maximum employment, stable prices and moderate long-term interest rates.” / Financial Planning in Our EconomyGlobal Factors U.S economy affected by foreign investors and competition from foreign companies Level of imports/exports affects available supply of dollars Level of foreign investment affects domestic money supply Money supply affects consumer interest rates Financial Planning in Our Economy Inflation Inflation = ? in the general level of prices Reduces buying power of the dollar