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Before a specialty in personal finance was developed, various disciplines which are closely related to it, such as family economics, and consumer economics, were taught in various colleges as part of home economics for over 100 years. [1] The earliest known research in personal finance was done in 1920 by Hazel Kyrk.
The Role of Current Assets in Personal Finance. Current assets aren’t only useful for corporations. Individuals who know their current assets can fortify their finances and put themselves in a ...
The subfield of asset pricing (or valuation) is the financial evaluation of the value of such assets; the primary method used by today's financial analysts is the discounted cash flow method. With this method, an asset's future cash flows are either assumed to be known with certainty (as in a treasury bond which is risk free) or estimated.
In economics, an asset (economics) is any form in which wealth can be held. There is a growing analytical interest in assets and asset forms in other social sciences too, especially in terms of how a variety of things (e.g., personality, personal data, ecosystems, etc.) can be turned into an asset. [9]
Apart from cash, legal tender issued on the fiat of a sovereign government, [11] [12] examples of assets used as potential stores of value are: Financial assets, e.g. stocks, bonds and other fixed income investments, investment funds, private equity; Real estate, e.g. home-ownership, rental property, or through financial securities or ...
As a certified educator in personal finance (CEPF), he combines his economics expertise with a passion for financial literacy to simplify complex retirement, banking and credit topics.
Finance refers to monetary resources and to the study and discipline of money, currency, assets and liabilities. [a] As a subject of study, it is related to but distinct from economics, which is the study of the production, distribution, and consumption of goods and services.
Financial assets minus outstanding liabilities equal net financial assets, so net worth can be expressed as the sum of non-financial assets and net financial assets. This concept can apply to companies, individuals, governments, or economic sectors such as the financial corporations sector, or even entire countries.