E-Book What is financial management

By Chee Peng

Personal finance is the process of managing an individual's financial resources, which includes income, expenses, savings, and investments. It involves making financial decisions that align with an individual's goals and objectives, such as saving for retirement, buying a home, or paying off debt. Personal finance also involves developing a financial plan to achieve these goals and managing financial risks. The goal of personal finance is to achieve financial security and stability, as well as to maximize financial resources to meet personal and family needs.

• Language: English
• Publisher: Chee Peng
• Release date: Mar 7, 2023
• ISBN: 9798201386795

Book preview

Introduction

Overview of the book's theme and purpose

Importance of personal finance and its impact on one's life

II. Basic Personal Finance Knowledge

Understanding the definition and meaning of personal finance

Basic concepts of financial planning for individuals

Analyzing the relationship between income, expenses, and savings

III. Investment

Understanding the concept and importance of investment

Introduction to investment tools such as stocks, bonds, and funds

Analyzing the risks and returns of different types of investments

Building an investment portfolio and techniques

IV. Loans and Credit

Types of loans and their uses

Understanding credit and its importance

Analyzing how to build and maintain a good credit record

How to avoid high-interest loans and debt traps

V. Taxation

Understanding personal income tax and capital gains tax, and their calculation methods

How to reduce personal tax burden and avoid tax risks

VI. Insurance

Types of insurance and their uses

Analyzing how to purchase suitable insurance products

How to avoid insurance fraud and risks

VII. Real-life Case Analysis

Analyzing real-life personal finance cases

Providing practical advice and solutions to problems

VIII. Conclusion and Recommendation

Summarizing the basics of personal finance and its importance

Providing recommendations for further learning and practicing personal finance