PERSONAL FINANCES – BACKGROUND FOR PERSONAL WEALTH MANAGEMENT

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CONTENT

PREFACE 9

Chapter one. CHARACTERISTIC ASPECTS

OF PERSONAL FINANCES 11

1. Profile of personal finances 11

1.1. Fundamentals 12

1.2. Personal finances in the context of personal

wealth management 17

2. Personal finances in the system of national economy 21

2.1. Households between the state and private sector 21

2.2. Theory for influence through personal finances 25

3. Human capital and carrier development – background for financial potential of the individual 31

3.1. Significance of the factor “human resource” 31

3.2. Motives for carrier planning 34

4. Analyses of the dependency between personal finances

and life cycle of the individual 39

Chapter two. PERSONAL FINANCES MANAGEMENT 44

1. Estimation of the personal financial status 44

1.1. Balance as a means for estimation of personal wealth 46

1.2. The account of personal income as a measurement device

of financial effectiveness 53

1.3. Interaction between the components of the personal financial accounts 60

2. Indices for analysis of personal financial status 62

3. Exploration of the dependence between planning

and personal finances 71

4. Role and significance of the budget in personal wealth management 79

Chapter three. TOOLS FOR PERSONAL FINANCES

MANAGEMENT 89

1. Analysis of the techniques for personal financing 89

1.1. Philosophy of trade banking 90

1.2. Alternative forms for personal financing 98

1.3. Approaches to personal debt management 102

2. Taxation frame impact on the personal finance wealth 105

2.1. Logics of income taxation of individual 105

2.2. Parameters of Property taxation 112

3. Challenges before personal investments management 119

3.1. Investment tools potential 120

3.2. Personal investment policy 123

4. Effects of implementation of the techniques of personal pension

and health insurance 131

4.1. Estimation of level of adequateness of pensions 131

4.2. Specificity of individual and family health insurance 138

5. Personal risks management though insurance strategies 141

5.1. Priorities of life insurance 144

5.2. Personal accents in general insurance 150

CONCLUSION 154

REFERENCES 156

ABSTRACT

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JEL: -
Pages: 162
Price: 5 Points

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