Video Outline:
Family Finance and Budget. Different ways of planning
- Spending vs. Consumption planing
- Planning based on financial goals
- Planning based on priorities
Definition of Investment: spending money on activities or assets to create future revenue stream
- Example of Investments (Ongoing or Projects)
- Get education to be eligible for higher paid jobs (Cash investment or Student Loan)
- Learn a new skills to get promoted (No cash investment but time commitment)
- Contribute to 401K (Before Tax Monetary Commitment)
Make sure to review below mobile friendly video on the topic:
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