个人理财英文版第一章
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1-4
Objective 1
Identify Social and Economic Influences on Personal Financial Goals and Decisions
• Life situation and personal values • Financial planning in our economy
• Increased effectiveness in obtaining, using, and protecting financial resources
• Increased control of your financial affairs
• Improved personal relationships • Sense of freedom from financial
• Level of foreign investment affects domestic money supply
• Money supply affects consumer interest rates
1-8
Financial Planning in Our Economy Inflation
1-9
Financial Planning in Our Economy Interest Rates
Interest Rate = the cost of money – Affected by supply and demand – Risk premium:
• Length of time funds in use • Expected inflation • Uncertainty
1. Identify social and economic influences on personal financial goals and decisions
2. Develop personal financial goals 3. Assess personal and financial
– Domestic economic influences – Global Influences – Inflation – Interest rates
1-5
Life Situation and Personal Values
• Adult life cycle • Life Situation Factors:
1-7
Financial Planning in Our Economy
Global Factors
• U.S economy affected by foreign investors and competition from foreign companies
• Level of imports/exports affects available supply of dollars
Inflation = in the general level of prices
•Reduces buying power of the dollar •Most harmful to those on fixed incomes •Inflation rates vary •“Hidden inflation” •CPI = a measure of inflation
– Business, lBiblioteka Baidubor & 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.”
Chapter 1
Personal Financial Planning in Action
McGraw-Hill/Irwin
Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved.
Personal Financial Planning Objectives
opportunity costs associated with financial decisions 4. Implement a plan for these decisions
1-2
Financial Planning
• Process of managing your money to achieve personal economic satisfaction
• Values:
– The ideas and principles you consider correct, desirable, and important
1-6
Financial Planning in Our Economy
Domestic Influences
• Economy’s influence on financial planning
– Marital status, household size, employment
– Exhibit 1-1 (page 5)
• Major events:
– Graduation, marriage, divorce – Birth or adoption of child – Career or health changes
• Financial Plan:
– Formalized report – Summarizes current financial situation – Analyzes financial needs – Recommends future financial activities
1-3
Advantages of Financial Planning
1-4
Objective 1
Identify Social and Economic Influences on Personal Financial Goals and Decisions
• Life situation and personal values • Financial planning in our economy
• Increased effectiveness in obtaining, using, and protecting financial resources
• Increased control of your financial affairs
• Improved personal relationships • Sense of freedom from financial
• Level of foreign investment affects domestic money supply
• Money supply affects consumer interest rates
1-8
Financial Planning in Our Economy Inflation
1-9
Financial Planning in Our Economy Interest Rates
Interest Rate = the cost of money – Affected by supply and demand – Risk premium:
• Length of time funds in use • Expected inflation • Uncertainty
1. Identify social and economic influences on personal financial goals and decisions
2. Develop personal financial goals 3. Assess personal and financial
– Domestic economic influences – Global Influences – Inflation – Interest rates
1-5
Life Situation and Personal Values
• Adult life cycle • Life Situation Factors:
1-7
Financial Planning in Our Economy
Global Factors
• U.S economy affected by foreign investors and competition from foreign companies
• Level of imports/exports affects available supply of dollars
Inflation = in the general level of prices
•Reduces buying power of the dollar •Most harmful to those on fixed incomes •Inflation rates vary •“Hidden inflation” •CPI = a measure of inflation
– Business, lBiblioteka Baidubor & 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.”
Chapter 1
Personal Financial Planning in Action
McGraw-Hill/Irwin
Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved.
Personal Financial Planning Objectives
opportunity costs associated with financial decisions 4. Implement a plan for these decisions
1-2
Financial Planning
• Process of managing your money to achieve personal economic satisfaction
• Values:
– The ideas and principles you consider correct, desirable, and important
1-6
Financial Planning in Our Economy
Domestic Influences
• Economy’s influence on financial planning
– Marital status, household size, employment
– Exhibit 1-1 (page 5)
• Major events:
– Graduation, marriage, divorce – Birth or adoption of child – Career or health changes
• Financial Plan:
– Formalized report – Summarizes current financial situation – Analyzes financial needs – Recommends future financial activities
1-3
Advantages of Financial Planning