Personal Finance: Turning Money into Wealth (7th Edition) (Prentice Hall Series in Finance)
7th Edition
ISBN: 9780133856439
Author: Arthur J. Keown
Publisher: PEARSON
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Chapter 1, Problem 1DC2
Summary Introduction
To discuss:
Importance of financial planning, importance of principle 1 and 2 and their mental biases and sunk cost influence their response to advice of financial planner.
Introduction:
Financial planning is to think and try to find a way about how to secure your career financially.
Sunk Cost is the cost which cannot be recovered after a cost is incurred.
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Personal Finance: Turning Money into Wealth (7th Edition) (Prentice Hall Series in Finance)
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