Two flow chart examples of how to plan your finances through Financial Flow Charts

 

 

     The above info is basically thinking on how a financial advisor or banking advisor thinks concerning money, not on how an accountant thinks since they go by a different set of definitions and rules concerning money.

     Information about the FDIC, the NCUA, FINRA, the SIPA and the SIPC.

     Assets :  in accounting, the definition of an asset is an economic resource. Anything tangible or intangible that can be owned or controlled to produce value and that is held by a company to produce positive economic value is an asset. Simply stated, assets represent value of ownership that can be converted into cash.  Money coming in.

     Liabilities :  in accounting, the definition of a liability is defined as the future sacrifices of economic benefits that the entity is obliged to make to other entities as a result of past transactions or other past events, the settlement of which may result in the transfer or use of assets, provision of services or other yielding of economic benefits in the future.  Money going out.

Under no circumstances should any information from this website or webpage be used as replacement for sound professional financial advice.

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