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What is Financial Management?
Financial management is the process of planning, organizing, controlling, and monitoring financial resources to achieve an organization’s goals efficiently and effectively. It involves budgeting, investing, risk management, and ensuring the business has enough cash flow.

💡Missed something in the video? Don’t worry, the full notes are here: https://thinkeduca.com/financial-management/

➡️ V I D E O S T O W A T C H N E X T :

Management Skills – • https://youtu.be/JGosaTGJQt8?si=SnEUQn2T6DFefwpu

Managerial Economics- • https://youtu.be/LbYv2RWE4Tk?si=Nv62r0_m3MvvmZmZ

Operation Management – • https://youtu.be/l-MnHBREzG8?si=M-4oOoz_9-i2R9ui

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In personal finance, it’s common for people to focus on things that they can’t control, like trying to pick a winning investment, while ignoring the things that they can control, like setting the right goals and making a solid long-term plan, often leading to mistakes.

Some mistakes matter more than others, and the biggest mistakes can be the difference between living paycheque to paycheque for life and having a comfortable financial future. In this video I tell you about the biggest mistakes in personal finance, so that you can avoid them.

I probably should have included not paying off high interest debt. Pay off your credit cards!
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0:35 Not earning enough money
2:20 Under-saving
4:20 Not setting financial goals
6:15 Over-spending (on the wrong things)
8:35 Not taking enough risk
10:38 Taking the wrong kind of risk
12:23 Missing tax planning opportunities
13:10 Ignoring estate planning
13:45 Marrying a financially incompatible spouse
14:38 Under-insuring catastrophic risks

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