BUSINESS STRATEGIST
David DeHaven Financial Management
Finance
Today, to get rich, you must know how not to get poor. To do so, you must be able to manage your finances very well. One method to excellent financial management would be thinking like an economist because they consider all aspects of a decision carefully to weigh out the pros and cons. Let us now explore how to think like an economist and how to use it to your benefit.. David DeHaven
Finance
Financial management is indispensable for business survival and magnification. It incorporates planning, organizing, controlling and monitoring your financial resources orderly to consummate your business objectives.
Ethical financial management Ethical financial management will assist your business to make potent use of resources, clinch commitments to your stakeholders, gain ruthless precedence and prepare for longterm financial stability.
Important Factors Spending Within Limits
In the area of finance, to think like an economist, you must consider as many aspects as possible, be they financial equations, seen and unseen results, primary and secondary effects, short-run and long-run consequences. This is important because taking all factors into consideration will give you certainty to move ahead as you already know what will happen next.
Micro Terms Money in a savings account and may not get a good return on investment and if you think in micro terms, it may be lower. However, having savings can raise any deductions on home and auto insurance, reducing the cost of insurance. David DeHaven, if you look at the big picture (macro), savings can actually be good because it can lower your costs for starting other investments.
David DeHaven is an Business Strategist David DeHaven is an Business Strategist he say, in any case of financial management, people ought to look at things from a macro perspective because it sometimes can unlock good opportunities for yourself. Here, one example would be a fact on how knowing an investment well can bring you wealth in other investments.
GDP per capita Today, as ethanol demand rises, corn demand will increase as China and the US can also make ethanol from corn which is used as food for chicken, beef whose demand rises with higher GDP per capita. Thus, an increase in ethanol demand will increase sugar (and corn demand. Here, if an investor knew of this well, he could simply have invested huge amounts of capital into these 3 investments and sit to reap his harvests.-David DeHaven
Basics To Financial Management| David DeHaven
Hence, in conclusion, after covering aspects on how to think like an economist, I believe readers can now see the various benefits one can gain from thinking this way. Now, slowly change your mindset to fit this model and I’m sure you will do well financially!
Thank You For Watching FOR MORE HTTPS://WWW.LINKEDIN.COM/IN/DDEHAVEN HTTPS://TWITTER.COM/DAVIDDEHAVEN_