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Money 101 | finance-lectures.com1 Personal money flows Daniel Folkinshteyn, PhD

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Presentation on theme: "Money 101 | finance-lectures.com1 Personal money flows Daniel Folkinshteyn, PhD"— Presentation transcript:

1 Money 101 | finance-lectures.com1 Personal money flows Daniel Folkinshteyn, PhD http://finance-lectures.com/ personal@finance-lectures.com

2 Money 101 | finance-lectures.com2 Learning objectives Describe personal money flows Explain saving and borrowing Distinguish between good and bad debt

3 Money 101 | finance-lectures.com3 Money flows Inflows -Outflows =Surplus/shortfall

4 Money 101 | finance-lectures.com4 Inflows Money you generate via productive activities during a period of time (month, year) Sources of income: Trading time for money (wage/salary) Entrepreneurial activity (business profit) Passive investment income (interest, dividends)

5 Money 101 | finance-lectures.com5 Outflows Taxes Current spending Past spending (debt repayment)

6 Money 101 | finance-lectures.com6 Surplus/shortage Surplus Save for future Invest Give it away Shortage Spend down savings Borrow money

7 Money 101 | finance-lectures.com7 Money flows Income stuff Debt other people Assets other people

8 Money 101 | finance-lectures.com8 Present vs future

9 Money 101 | finance-lectures.com9 Quiz 1 Which of the following are good reasons to borrow money? Pay for education to improve future earnings Pay for computer to be more productive Pay for new car to replace your old but still good car Pay for house to reduce your future housing expenses

10 Money 101 | finance-lectures.com10 Quiz 1 - answer Which of the following are good reasons to borrow money? Pay for education to improve future earnings Pay for computer to be more productive Pay for new car to replace your old but still good car Pay for house to reduce your future housing expenses

11 Money 101 | finance-lectures.com11 Good vs. bad debt Borrow to consume Borrow to invest

12 Money 101 | finance-lectures.com12 Additional reading Search for "avoiding debt" using your favorite internet search engine.

13 Money 101 | finance-lectures.com13 Attributions All images, unless otherwise noted, are sourced from pixabay.com or Wikimedia Commons, and are licensed under CC0, public domain.

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