个人理财英文版第一章论述.ppt

Chapter 1;Personal Financial Planning Objectives;Financial Planning;Advantages of Financial Planning;Life situation and personal values Financial planning in our economy Domestic economic influences Global Influences Inflation Interest rates ;Life Situation and Personal Values;Financial Planning in Our EconomyDomestic Influences;Financial Planning in Our EconomyGlobal Factors;Financial Planning in Our Economy Inflation;Financial Planning in Our EconomyInterest Rates;8 Basic Financial Planning Activities;Time Frames for Achieving Financial Goals: Short-term goals . . . . . . . . . . . w/in 1 year Intermediate goals . . . . . . . . . 2-5 years Long-term goals . . . . . . . . . . . 5 years Financial Needs Goals: Consumable-product goals. . . Food, clothing Durable-product goals . . . . . . Car, appliances Intangible-purchase goals . . . Education, health;Goal-Setting Guidelines;Objective 3Assess Personal and Financial Opportunity Costs of Financial Decisions;Opportunity Costs and Financial Trade-Offs;Time Value of Money;Calculating interest earned: Principal = amount of savings Annual interest rate Length of time money on deposit (in years) Simple interest:;$500 on deposit at 6% annual interest for 6 months: Principal = $500 Interest rate = 6% Time period = ? (6/12 months);Future Value;Future ValueExample;Future Value Tables;Future ValueSeries of Deposits;Present Value;Present Value Tables;Present Valueof a Series of Deposits;The 6-Step Financial Planning Process;Determine current financial situation Develop financial goals Identify alternative courses of action Continue same course of action Expand current situation Change current situation Take a new course of action;Evaluate alternatives Consequences of choices Evaluate risks Financial Planning information sources Create and implement financial action plan Review and revise plan ; ;Career Choice and Financial Planning