Who is Alan Akina?
“Alan is an author and leader with a powerful vision and effective strategy. He is helping thousands of people across the country through 101 Financial and his #1 bestselling book The Super Duper Simple Book on Money.
What is the 101 financial system?
101 Financial is a company that claims will guide you how to reduce your mortgage (and other expensive revolving debt) faster by saving you interest expense. They offer this service for a fee, and also offer to teach you how to coach others in this process.
What are the three types of finance?
The finance field includes three main subcategories: personal finance, corporate finance, and public (government) finance.
Who is the father of finance?
Eugene F. Fama
Eugene F. Fama, 2013 Nobel laureate in economic sciences, is widely recognized as the “father of modern finance.” His research is well known in both the academic and investment communities. He is strongly identified with research on markets, particularly the efficient markets hypothesis.
What are the 4 basic areas of finance?
There are four main areas of finance: banks, institutions, public accounting, and corporate.
What are the 7 finance function?
The seven popular functions are decisions and control, financial planning, resource allocation, cash flow management, surplus disposal, acquisitions, mergers, and capital budgeting.
What are the 5 principles of finance?
The five principles are consistency, timeliness, justification, documentation, and certification.
- Consistency. Transactions must be handled in a consistent manner.
- Timeliness.
- Justification.
- Documentation.
- Certification.
What are the 3 major theories of economics?
The 3 major theories of economics are Keynesian economics, Neoclassical economics, and Marxian economics.
What are the 6 principles of finance?
There are six principles of finance you must know
- The Principle of Risk and Return.
- Time Value of Money Principle.
- Cash Flow Principle.
- The Principle of Profitability and liquidity.
- Principles of diversity and.
- The Hedging Principle of Finance.
What are the 4 types of financial management?
Types of Financial Decisions – 4 Types: Financing Decision, Investment Decision, Dividend Decision and Working Capital Decisions.
What are the two classification of finance?
Finance can be broken into three sub-categories: public finance, corporate finance and personal finance.
What are the 3 rules of money?
Here they are!
- The Law of 10 Cents. When you keep this law, you take 10 cents of every dollar you earn or receive and HIDE IT.
- The Law of Organization. Quick: How much money is in your share draft account right now?
- The Law of Enjoying the Wait. It’s widely accepted that good things come to those who wait.
Who is the greatest economists of all time?
1 John Maynard Keynes (1882-1946)
As the most influential economist since 1900, some would argue in history, Keynes’ influence is difficult to overstate.
Who is the father of economics?
Adam Smith
The field began with the observations of the earliest economists, such as Adam Smith, the Scottish philosopher popularly credited with being the father of economics—although scholars were making economic observations long before Smith authored The Wealth of Nations in 1776.
What are the 3 main principles of finance?
3 Financial Principles All Professionals Should Know
- Cash Flow. Cash flow—the broad term for the net balance of money moving into and out of a business at a specific point in time—is a key financial principle to understand.
- Time Value of Money.
- Risk and Return.
What are the 3 main components of financial literacy?
Three Key Components of Financial Literacy
- An Up-to-Date Budget. Some tend to look at the word “budget” as tantamount to the word “diet,” but at its most basic, a budget is just a spending plan.
- Dedicated Savings (and Saving to Spend)
- ID Theft Prevention.
What are the 3 A’s of financial management?
The aspects are: 1. Investment Decision 2. Financing Decision 3. Dividend Policy Decision.
What are the 5 A’s scope of financial management?
Scope of Financial Management– Anticipation, Acquisition, Allocation, Appropriation and Assessment of Funds.
What is the 70 20 10 Rule money?
How the 70/20/10 Budget Rule Works. Following the 70/20/10 rule of budgeting, you separate your take-home pay into three buckets based on a specific percentage. Seventy percent of your income will go to monthly bills and everyday spending, 20% goes to saving and investing and 10% goes to debt repayment or donation.
What is considered old money?
Old money is “the inherited wealth of established upper-class families (i.e. gentry, patriciate)” or “a person, family, or lineage possessing inherited wealth”.
Who is the No 1 economist in world?
The rankings
| Rank | Author | Score |
|---|---|---|
| 1 | James J. Heckman Department of Economics, University of Chicago, Chicago, Illinois (USA) | 3.56 |
| 2 | Andrei Shleifer Department of Economics, Harvard University, Cambridge, Massachusetts (USA) National Bureau of Economic Research (NBER), Cambridge, Massachusetts (USA) | 3.61 |
Who is the most famous economist alive?
1. Paul Krugman. Paul Krugman is one of the most highly respected and well-known economists in the world. He is a professor emeritus of the Woodrow Wilson School of Princeton University, a distinguished professor of the Graduate Center Economics Ph.
Who is father of capitalism?
Adam Smith is often identified as the father of modern capitalism.
Who invented capitalism?
economist Adam Smith
Who invented capitalism? Modern capitalist theory is traditionally traced to the 18th-century treatise An Inquiry into the Nature and Causes of the Wealth of Nations by Scottish political economist Adam Smith, and the origins of capitalism as an economic system can be placed in the 16th century.
What are the five basics of money management?
The five principles are consistency, timeliness, justification, documentation, and certification.