Adjectivefinancial (not comparable) Positive financial Superlative none (absolute) Derived terms
Related termsFrom Wiktionary under the GNU Free Documentation License. Finance is the science of funds management. The general areas of finance are business finance, personal finance, and public finance. Finance includes saving money and often includes lending money. The field of finance deals with the concepts of time, money and risk and how they are interrelated. It also deals with how money is spent and budgeted. Finance works most basically through individuals and business organizations depositing money in a bank. The bank then lends the money out to other individuals or corporations for consumption or investment, and charges interest on the loans. Loans have become increasingly packaged for resale, meaning that an investor buys the loan (debt) from a bank or directly from a corporation. Bonds are debt sold directly to investors from corporations, while That investor can then hold the debt and collect the interest or sell the debt on a secondary market. Banks are the main facilitators of funding through the provision of credit, although private equity, mutual funds, hedge funds, and other organizations have become important as they invest in various forms of debt. Financial assets, known as investments, are financially managed with careful attention to financial risk management to control financial risk. Financial instruments allow many forms of securitized assets to be traded on securities exchanges such as stock exchanges, including debt such as bonds as well as equity in publicly-traded corporations. Central banks act as lenders of last resort and control the money supply, which affects the interest rates charged. As money supply increases, interest rates decrease. From Wikipedia under the
GNU Free Documentation License How can I get required financial work experience to become a Certified Financial Planner while still teaching? Q. I m interested in becoming a Certified Financial Planner, but I m facing something of a Catch 22. In order to complete the requirements for the formal certification as a financial planner, a person has to have 3 years of financial work experience. I m currently a full-time high school social studies teacher, and would like to make the transition to the new career as quickly as possible after I retire from teaching (in about 10 years). What can I do while I m still a full-time teacher to get the financial work experience I need so that I can make the transition to a Certified Financial Planner without having to spend 3 years getting this experience after I retire from teaching? Thanks in advance for your time, ideas, and information. Asked by Storm R - Sat Jul 1 17:29:23 2006 - - 2 Answers - 1 Comments A. That's tough, since I'm sure you have a busy schedule. Contact Life/ Health insurance agents and financial planners in your area and see if any of them have summer positions open. Maybe some of them are open on Satudays? (Long shot.) Maybe you'll find someone who will take you under their wing in a mentor/ mentoree relationship. You could always get your life and health insurance license and start selling annuities (considered a financial product). From there you can get your Series 6/63 and/or 7 licenses so you can sell variable interest products. You can do all of this on your own, working for yourself. Perhaps you can ask other financial planners how they got their start? Best wishes. Answered by RKF - Sat Jul 1 17:52:46 2006 What financial advantages are there of beig a student? Q. I have just applied for a job and if i get it then they are going to send me to college. I am living at home at the moment and would like to move out asap!!! The job works out at min wage so i really need to find out if that's enough for me to rent a place. But what financial advantages are there of being a student? Asked by Jell - Mon May 11 16:46:37 2009 - - 4 Answers - 0 Comments A. financial advatages really? if there were I have never came across them in my 4 years at uni lol the most evident ones are: student discounts - usually at a 1/3 off. typical off train tickets, cinema/concert tickets, software, computers, drinks, food, sports equipment etc. but you have to ask whether they do it upfront student rate current and savings accounts - you will have to look into the banks for those you get grants and scholarships if the university wants you. However, you will also have to pay them back in tuition fees. consider it more of a discount you are exempt from council tax you may get certain health services free but you have to ask and check it with your GP you get to apply for student loans which you pay back with… [cont.] Answered by Ingenious - Mon May 11 16:59:06 2009 How do you become a Financial Adviser?
Q. I am a Sport and Exercise Science graduate (Bsc with Distinction), and I am not enjoying my career in the leisure industry (rubbish pay, ridiculous hours and I am not finding the work either challenging or rewarding). I would like to change career to work as a Financial Adviser as I am interested in money, investing and financial planning. Does anyone have any experience in this area who can give me some advice on the best way to become a FA and whether this is doable for a 31 year old graduate who currently has no experience in this field. Thanks. Yes thanks for that hepp t. What happens is you work and study hard in a field where Universities are 'selling' courses where there is supposedly a ready market for the skills you learn. then… [cont.] Asked by Graham W - Wed Feb 14 04:37:07 2007 - - 2 Answers - 0 Comments A. Try a bank. They have their own financial advisors and would put you through the exams you need and you would get lots of support and experience. There is a ladder you would have to climb but it shouldn't take too long and experience isn't neccessary, just good people skills and a good brain. Most have websites with job opportunities on, take a look and see what they have got. and don't dismiss the idea of going in a something else (ie customer sdvisor type role) as once you are in it is easier to change jobs and create your own path. I used to work at a bank and they tried to get me to become an FA but i had my heart set on being an accountant but they had a great offer to make. Answered by crunchiemuncher2007 - Wed Feb 14 17:22:16 2007 From Yahoo Answer Search: "financial" Employers offer financial classes
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