An Experience in Personal Financial Planning The Maven Charts / Mahalingam, P.
By: Mahalingam, P
Material type:
ArticlePublisher: 2003Subject(s): Personal Financial Planning | Financial Planning | Financial Management | Entrepreneurship Research | Entrepreneurshipsearch | Fifth Biennial Conference On Current Tre | Biennial Conference Papers
In:
Fifth Biennial Conference on Current Trends in Entrepreneurs ResearchSummary: Many self-employed and small entrepreneurs have a common problem: the inability to plan personal finances with a varying and uncertain income. How can you plan for next year when you don't know what will happen tomorrow is the profundity. The objective of planning is not to predict the future. It is to provide for the many events that are certain so that the few unforeseen can be managed with lesser difficulty. Almost ninety percent of everyday expenses are predictable for anyone. If laid out before hand, it may be possible to reduce or increase or juggle between them. The Maven Charts are three simple formats: An expense chart shows the money flow of the family. An annual chart lays the events of the year. The third chart lays out the events of a lifetime. For anyone flipping through the paper the charts are ordinary wisdom. Those who did the exercise found it magical.
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Ahmedabad (HO) | (Browse shelf) | Vol. , Issue. | Available | 019755 |
Many self-employed and small entrepreneurs have a common problem: the inability to plan personal finances with a varying and uncertain income. How can you plan for next year when you don't know what will happen tomorrow is the profundity. The objective of planning is not to predict the future. It is to provide for the many events that are certain so that the few unforeseen can be managed with lesser difficulty. Almost ninety percent of everyday expenses are predictable for anyone. If laid out before hand, it may be possible to reduce or increase or juggle between them. The Maven Charts are three simple formats: An expense chart shows the money flow of the family. An annual chart lays the events of the year. The third chart lays out the events of a lifetime. For anyone flipping through the paper the charts are ordinary wisdom. Those who did the exercise found it magical.
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