Michael Taillard

Introducing Personal Finance

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  • Nastya Zhiboedovahas quoted5 years ago
    financial management is about taking control of your life.
  • temwa93has quoted3 years ago
    Remember that a budget is a planning tool;
  • b7649953018has quoted3 years ago
    Financial management actually has very little to do with money – money is just a unit of measurement – financial management is about taking control of your life.
  • b2126556810has quoted3 years ago
    Money: Any store of resource value owed to the owner.
  • b2126556810has quoted3 years ago
    Transferability: A characteristic (of a credit) of being able to readily transfer or exchange ownership.
  • b2126556810has quoted3 years ago
    ey, then, is nothing more than a form of measurement, providing a numerical way to record the amount of value in goods or services that are owed and can be transferred freely between people, which is exactly how money gets its value.
  • b2126556810has quoted3 years ago
    wrong. Instead, they give you a credit which you can give to anyone else, which will still be honoured regardless of who has it. This trait is called transferability, and it’s what allows money to be given to others in exchange for their services, and after several intervals of exchange; eventually, it will likely be given back to the person who originally gave it to you, by whomever needs his services.
  • b2126556810has quoted3 years ago
    ost people don’t even care what the underlying nature of money is, so long as they continue to have enough of it to pay their expenses,
  • b2126556810has quoted3 years ago
    but the nature of money is a representation of human nature, the way we coordinate societies.
  • Mykolahas quoted3 years ago
    Unless you understand the nature of money and finance, you cannot possibly hope to effectively manage either.
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