RCSC 150B2 Chapter Notes - Chapter 1: Suze Orman, Bernard Madoff, Warren Buffett
27 Sep 2016
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Step 2: identifying your values: values = driven financial planning, values drive vision; vision drives mission; mission drives goals, worksheet 1. 2 clarifying values. Values-driven financial planning: trade-offs opportunity costs, voluntary simplicity, http://www. choosingvoluntarysimplicity. com, http://urbanhomestead. org, enough, allocation of your income. Personal financial success: what is your definition of personal financial success, video links, warren buffett, financial rules to live by , dave ramsey, how to be financially successful , suze orman, can you afford your life? . In the news: what benefits come about when the family comes together as a unit to. Financial independence: sufficient means to support oneself; when passive income exceeds expenses. Reaching financial independence sooner (1) lower the expense line by reducing expenses and living more frugally and/or (2) increase savings and invest more money sooner. Financial literacy: ability to understand finances, know the risks and potential rewards of making financial investments, understand which financial products and services best meet your needs to achieve your goals.
