Economics: November 29 Warm-up: What do you think it takes to live comfortably in terms of your financial situation? Economics Learning Target In.

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Economics: November 29 Warm-up: What do you think it takes to live comfortably in terms of your financial situation? Economics Learning Target In order to successfully manage my personal finances, I will analyze strategies to build my wealth over time. I will know I have it when I can explain: (1) the difference between assets and liabilities; (2) the difference between wealth-creating assets and other assets; and (3) how wealth is measured by using a balance sheet. --Net Worth formula (HO) --Wealth-Creating Assets (same HO) --categorizing assets vs. liabilities --Sandra’s Balance Sheet Exercise (same HO) --begin Net Worth Hypotheticals (same HO) Closure: What can you do to increase YOUR net worth? We will be in the C11 computer lab on Friday—please bring your head phones/ ear buds to plug in to the machine