Planning and managing personal income and expenses.
Using savings to purchase financial instruments like stocks, bonds, and mutual funds to grow wealth.
Handling personal debt through loans, credit cards, mortgages, and strategies to pay off debt efficiently.
Diversifying investments across asset classes (stocks, bonds, real estate) to balance risk and return.
Identifying and mitigating potential financial risks.
The principle that money today is worth more than the same amount in the future due to its earning potential.