825 Weyburn Terrace, Los Angeles, CA, USA - 90024
Mon - Fri : 09:00 - 17:00
+1 510 766 9145






Close
+1 510 766 9145
Mon - Fri : 09:00 - 17:00

Finance Sebastian Junger

$

A PHP Error was encountered

Severity: Notice

Message: Trying to get property of non-object

Filename: libraries/Geolib.php

Line Number: 245

Backtrace:

File: /home/bhupendraz/public_html/application/libraries/Geolib.php
Line: 245
Function: _error_handler

File: /home/bhupendraz/public_html/application/libraries/Geolib.php
Line: 160
Function: gcur

File: /home/bhupendraz/public_html/application/views/product.php
Line: 13
Function: convert_currency

File: /home/bhupendraz/public_html/application/controllers/Store.php
Line: 79
Function: view

File: /home/bhupendraz/public_html/index.php
Line: 315
Function: require_once

31.25

Finance is a field that deals with the study of investments. It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainty and risk. Finance can also be defined as the science of money management. Finance aims to price assets based on their risk level and their expected rate of return.

  • Financial position: is concerned with understanding the personal resources available by examining net worth and household cash flow. Net worth is a person's balance sheet, calculated by adding up all assets under that person's control, minus all liabilities of the household, at one point in time. Household cash flow totals up all the expected sources of income within a year, minus all expected expenses within the same year. From this analysis, the financial planner can determine to what degree and in what time the personal goals can be accomplished.
  • Tax planning: typically the income tax is the single largest expense in a household. Managing taxes is not a question of if you will pay taxes, but when and how much. Government gives many incentives in the form of tax deductions and credits, which can be used to reduce the lifetime tax burden. Most modern governments use a progressive tax. Typically, as one's income grows, a higher marginal rate of tax must be paid. Understanding how to take advantage of the myriad tax breaks when planning one's personal finances can make a significant impact in which it can later save you money in the long term.

Category: Business Success Tags: , Product ID: 3