Q. I have to select courses for next semester and I saw personal finance as an option. Does it require a lot of difficult math and confusing terms? Thanks!
A. Of course, the difficulty of any class always depends on the Professor and how in depth he/she wishes to go, but generally speaking, Personal Finance is pretty easy. In some classes they go from the very simple, balancing a Check Book, up through how to itemize deductions on one's Tax Return. You'll probably learn about Credit Cards, Student Loans, Rent and Mortgages, Car Payments, Insurances, and other things that factor into budgeting.
If you can add, subtract, multiply, divide and understand the concepts of Algebra 1, this class should be of no problems to you, where math is involved.
If you can add, subtract, multiply, divide and understand the concepts of Algebra 1, this class should be of no problems to you, where math is involved.
Many executives will save an organizations money by not having auto insurance on the fleet of company vehicles?
Q. Many executives will save an organizations money by not having auto insurance on the fleet of company vehicles, whereas, in their personal finances, they will carry insurance on their family car. Take something from your experience that illustrates the difference in attitude from the point of view for an individual to an organization. Explain why the organization attitude toward risk is different from the individual attitude.
A. The point of insurance is to spread out risk to mitigate a loss that would pose a substantial burden. For a corporation, an entire fleet of vehicles averages out the risk, whereas for the individual there is a great amount of uncertainty in driving only one or two cars. Also, corporations have a much different definition of what a loss that is a substantial burden- for the individual, a wreck that does 25,000 in damage would be hard to swallow, but any company with a fleet probables does millions per year in sales.
For the record, I highly discourage a business from taking such a strategy, but don't feel like going into all the detail.
For the record, I highly discourage a business from taking such a strategy, but don't feel like going into all the detail.
I want to be better at managing my personal finances and investments - is there a course for this?
Q. I have seen courses for business accounting but does anyone know of a course for personal finance? I am in London, UK.
A. You can try searching up more on the course Certified Financial Planner (CFP). There are UK providers and exam centers for this course.
The course topics are:
- Risk Management
- Insurance Planning
- Tax Planning
- Estate Planning
- Investment Planning
- Retirement Planning
Just search "CFP UK" and I am sure you can find a local provider.
The course topics are:
- Risk Management
- Insurance Planning
- Tax Planning
- Estate Planning
- Investment Planning
- Retirement Planning
Just search "CFP UK" and I am sure you can find a local provider.
What is the price range for small business insurance packages?
Q. I have a question for my personal finance class that asks:
Search the internet and name your sources for a small business insurance package. Identify basic areas of risk that they cover. How much would such a package cost?
I've found the basic areas of risk covered, however i can't find price ranges anywhere and all the offices are closed when i call, except for one that said they can't do it over the phone...
Search the internet and name your sources for a small business insurance package. Identify basic areas of risk that they cover. How much would such a package cost?
I've found the basic areas of risk covered, however i can't find price ranges anywhere and all the offices are closed when i call, except for one that said they can't do it over the phone...
A. Well, they can't do it over the phone because there are way, way too many variables.
A safe range to use, is $500 to $150,000. Yep, 95% of small business insurance packages will fall in that range.
It depends on what they do, what they need covered, where they are located, and of course, the rating basis.
Sorry, I don't think this is much help.
A safe range to use, is $500 to $150,000. Yep, 95% of small business insurance packages will fall in that range.
It depends on what they do, what they need covered, where they are located, and of course, the rating basis.
Sorry, I don't think this is much help.
Powered by Yahoo! Answers
No comments:
Post a Comment