Health insurance risks

Risks are in many ways good and bad. They can determine weather you will retire on time or not. Most people if they don't have insurance and get into an accident they will have to pay money outta pocket and will end up going broke.

Insurance

Insurance is very important because it determines if you are covered for accidents. It can help you save money for accident recovery.

Identity theft

Identity theft is important because it can ruin your credit for life if you don't catch it fast enough. You should make sure your work with people of credibility because if you don't that can also make your credit go down.

5 C's of Credit

Each of these plays an important role because it can determine your ability to get help credit wise. It will often come into affect when your trying to by a car or an house.

Stocks, Equities, and mutual

Stocks are very important because if you never take risks your business will never be successful. You have to be willing to invest in order to receive. When you become good your business will be rolling in no time.

Physical Assets

I learned that physical assets our very important. They are opposite of intangible assets. Usualyy being non-physical assets.

Vacation

I learned that based on your amount of income is how much you will end up spending on your vacation. I also learned that based on where you are going it also has budgets that can save you money.

Tracking and Budgeting

This week we learned about budgeting based on where you are in your life. Rather you are single, single with kids, married with no kids, married with kids ect.

Week 7 Budget

This week I learned that budgeting comes with many assets and resources. It can be helpful because if you invest you will receive profit. When you receive profit you can live without restrictions.

In week 6 I learned that Taxes are very important and that they help pay for things we want and also need.

6 life cycles

In week 5 of personal finance I learned that its certain classes ( Alpha, Bravo, Charlie, Delta, Echo, and Foxtrot) that you want to be in. Bravo being the highest paid class is the class I want to strive to be in. It would be beneficial to the lifestyle that I am accustomed to.

Week 4 Financial Assets

This week I leaned that you can earn money in your sleep! This is really exciting to know. This is called Unearned income. These incomes are Financial assets and Government transfer payments.

Income Supply and Demand

This week I learned about income supply and demand. Income supply can help you in various ways. Some being that you if you learn to manage and save instead of spend you will always have money to pay bills and can avoid going bankrupt.