What are the six key components of a financial plan?
Answer to relevant QuestionsHow is your net worth calculated? Why is it important? Mia has $3,000 in assets, a finance company loan for $500, and an outstanding credit card balance of $135. Mia's monthly cash inflows are $2,000, and she has monthly expenses of $1,650. What is Mia's net worth? Name three classifications of assets. Briefly define and give examples of each. Explain in logical terms why a weak economy can cause the net worth of individuals to decline Angela makes a budget based on her personal cash flow statement. In two months, she must pay $ 375 for tags and taxes on her car. How will this payment affect her net cash flow for that month? Suggest ways that Angela might ...
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