What is the main factor preventing a large community from influencing policy in the same way as a special interest group?
Personal Finance 218, Week 2 Notes PSU: Fall term Highlight = Keyword Budgeting and Planning Process: Personal Balance Sheet: a statement of your financial position on a given date. It includes the assets you own, the debt or liabilities you have incurred, and your level of wealth, which is referred to as net worth. Assets: What you own. There are multiple types of assets including: Monetary asset: liquid asset, one that either is cash or can be easily turned into cash with little or no loss in value Investment: common stocks, mutual funds, bonds Retirement Plans: IRA, 401K, company pensions Housing Automobiles Personal Property