Question: Personal Financial Management 1.When TDSR exceeds the maximum allowable limit, what are four options that you could consider based on your spending above? (8 marks)

Personal Financial Management

1.When TDSR exceeds the maximum allowable limit, what are four options that you could consider based on your spending above?

(8 marks)

2.Your professor (who currently drives a practical, family-friendly Mazda) is going through a mid-life crisis and announces to the class that she is going to buy a 2019 Ferrari 488 Spider with a sticker price of over $300,000 and that will be the answer to all of life's problems.

Explain three concerns you have about this purchase from a wealth management perspective

(3 marks)

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