MCS 2100 Chapter Notes - Chapter 1-15: Capital Asset, Nyse Composite, Market Trend

• School: University of Guelph
• Department: Marketing and Consumer Studies
• Course: MCS 2100
• Professor: May Aung

Document Summary

Increased effectiveness to obtain, use, and protect financial resources c. ii. Increase control of finances by avoiding debt, bankruptcy and dependence on ppl c. iii. Sense of freedom from financial worries: six-step financial procedure: d. i. Prepare a list of current asset and debt balances d. ii. Analyze your values, identify beliefs about money, be aware of how you view money, who makes the financial decisions d. iii. Continue the same course of action, expand the current situation, change the current situation, take a new course of action d. iv. Consider life situation, personal values, and economic conditions d. iv. 2. Opportunity cost: what you give up by making a choice (trade-off decision) d. iv. 4. Personal opportunity costs: time, effort, and health d. iv. 5. Financial acquisitions: automobile, home, higher education, investments, insurance coverage, retirement fund d. iv. 7. Personal + financial opportunity = financial acquisitions d. iv. 8. d. v. Regularly reassess 1ce a year: develop personal financial goals, 2 main factors to contribute to money problems a. i.