What we do.

Today we learned how to calculate our Financial "goodness" or "Well Being" and the different values that effect it.

Our "Net Worth" which is how much you have or are worth after deductions. The two things that govern it are your assets(your positive or how much you have) and your liabilities (the negative or how much you owe).

The second factor that effects your Financial Well Being is your Debt/Equity Ratio, see below for the equation. The major thing to remember about this lesson is that your debt equity ratio should not be more than 50%.

The third and last thing that effects your Financial Well Being is your ability to get the bank to give you money, which is called your Credit Rating. Which means how well and how often you pay your bills.

Our assignment is to use the information we gained during the class to get "Sammy's" Finnacial Well Being.