Solve the following problems: (a) Maria and Tony are high income earners in their mid-30s. They have $100,000 mortgage on their house, but have just had an inheritance of $100,000. They have come to you because you are a well-known expert financial adviser. Explain to them why they should repay their mortgage as a priority and let them know what their notional return would be. (b) Maria and Tony have come back to you after a year and have managed to save $50,000 from their (high) incomes. They have a 20-year plan to increase their wealth for retirement. Based on the information in Lesson 6.1 and Lesson 6.2, what would you advise them? And why? Include some modeling using the compound interest formula. 5:52 10 of 10 Done Lesson 6.1 Your Life, Your Business: Introduction May-June 2019 Introduction to the Problem Mot people spend lietle time on the fcialpect of thi pt to woery abot it becasse there is evr g As oe facil r s 1ds e too th at the ed of the mory May people spsd he tie in rching a in or the pchase a drigetator hn in planming ti There is, woidally, a finacial pect to 1e, which pendicts tht your io a bsi (as wll as other things, of cour). And, le al boi y ad to hae a Bai Pln. Caat: This ectin of the coune is at an e aof the aa of penonal e d theoe does ot d to fiscial teacy I mly gs i that you will coter as y thogh lfe, ging you a ads Sr w yo dont them saer, the infruti is ufl aud prby til in ed te ae thh el e s in gal and to eate wlth in partie And yo will l it e your Sl pojet r this co Your Life as a Business So where to start? I you're ping n a jormey, it's udd to hate a map Bet a map is vitually usls unls you laow w you aestating f d wh y ae hoping to get to So you irst sed to alye yor pesent fiial pon st soe gals Balance Sheet and Profit-and-Loss t To analye you pd fi yo peel 1. A Balance Sheet: What you ons (amt) and wht yo o ti) and 2 A Prot and Loss Statement: What you es ad what you spl. It noed not be wy coplcated Ist you d to kw Sinply pat, an ti thing that T Awrts ae wat y o nd inclde things y in ing you "S !! 5:527 10 of 10 Done vitually usls unls you laow w you ae stating f d wh you ae hoping to get to So you rst ed to ly yo pest finial potn t s a 2 of 4 Balance Sheet and Profit-and-Los To analvpe your prsent facel sticn, vou sen .A Balance Sheet: What you o (amt) and wt yo o ti and 2 A Prot and Los Statement What yo e wwy copcated, lt you d to kw i wha yop Itd not be Sinply pt, an et is sething thatt d yo Awts ae what you own and include things i ity is ing yos e Shar (stoks) in a c An issdt property A 0K accost A stock-baed mt fnd A goe rst bea .A bank aoount Liabilitis are what you one ad ilade .Crelit card .Moetgg Peoal os Stadent oa Uspid b And things lie cars and, to a ler degee, a hoe th of wih ire spleep and expelitue, bt prowide no inoe (although a boe m pede cagital gowth oer time Complete the Tade w ( m o te Tan tab to trt asinple Bale Sleet nd n aaal Prodit and Los e your e filton Awtr Lailitin Nt Aets Blatee Shet 5:527 10 of 10 Done 3 of 4 Nt Ats Awts Laiti Balatoe Sheet Exped P Proit and Lom Tale B S Goals Then e all good bains yos ad to la a plas to tale yo whe you ae to where you wast to le. For this you nod to hase pols Goals e wht yn want to hieve in a gven tie re, so you shoad ve sdt, i ndt ancial pls Think aboet your gols ow. Complete the Goal cl of ther table bel amboyatly as you le) to start the peocess of thiking aot yu cial t Yo py the tabde fron the Tables tab. Tie Fr Gol S 3 y 20yew Talde 2 Goals and Strag t Strategy Finaly, you ed a strategy to move you towd yor y pest sitstion O coue, either the goals or the strategy are static As i the ce in all bi your Life Plan will ed to adapt to the changing ciecu o of your , the the mgalatory ewiro , and so Compie the strag l th tale Be ri bt eativ R ber this is jut an ece ea 3e grs in the way of your plans your pls and strategis wil a tainy dng 5:527 10 of 10 Done Tale 1: B Set Goals Then ke all good basis you nd to hw a plan to tale yo fo whre you ae to where you wast to le For this you aed to hae gols Gals ae wat y wast to aive n a given tie fr, so you shoud e short, d d ngts ancial goals Think alo our pels ow, Comte the God em the tale blSmbaty as you l) to start the pescss of thinking about yo fiial ft You c opy the tala from the Taads tal Tie Fr Gol Straeg 3 ys 0 yea 20 y 0 yeurs Talde 2: Goals and Strategis Set Strategy Fiaaly, you da stradegy to mow sou towd yo p sitatn Of eoue, neither the goals nor the strabegy are static As i the ce in ll bins you Life Plan will eed to adapt to the cenging cirm of your te then egulatory viro , and o c Complte the stragy o the talie Be wris bt rative R b this i jut an ecse te ee plans your gls and strategi will al taisly cng in the way of yo ww.nes Figare 1: Finanial Ping Stg Fndmntally, the goal of all walta in pls ite y e an ine wh can support the lotyle you desine. Thre is o poiat, Sr e in ing e t valund at 8 say, which dos sot gte any i Yo m bewealtly t ble to bey Soodt whers a $2 ok accoust or pepety ad k potido wold e graating at least $40,00 p So we t to (e ) e 5:527 Week 6 Lesson 6-2.. Week+6+Lesson+6-2+Final Lesson 6.2 Financial Issues: Debt, Tax and Inflation May-June 2019 Introduction to the Problem n this ln we will otie the his od thee is tht cm he a ped efet yor fnc We will we that debt can be detristal so your wh(hd de) or it can be a way of iacasing your walkh (od debe) Aad wlltt taad indatin ane siifct ftors in disisiing atpts to i yor lth Bth d to be taks isto act at ey tu Bad Debt: Living in the Past Becasse you are wing cet ne to p r the peivilg of ding d paying int i Exples of bad dte ae pay-day kding (the wry wt d to be aded at al cot) crelit cards (estmdy bl) pesl o ortp Repaying bd dele is the lest ivestnst you cn ake Wle B the debt is immndiste te tann paing te etan is hicher then on almt a ie ndmed e te St tht yo are epaying the debe with iscome on whick yoe alady pid i T ts with t the r Al aeT of te d m which is alays qtel preta Fe eple the qutl 2 pa et on a baak accot does ot iaclade the lacoe tax ys will d to p the etars as isterest incoe So aher tax, your etn will be so et L pe d 1.26 pa depedag on your margial tax rate Example h do yo1-2 of 7 a de d SL Er n the ot of w tam oitt 2Ef ve lt be the Dashboard Calendar To Do Notifications Inbox ! 5:527 Week 6 Lesson 6-2.. tt etrs which is alwas qted pro-ta Fir eple the qutel 2% pa setur on a baak accot dos ot ichade the icoe tax ys will d to p the etan a interest incoe So, aher tax, your ret will be s betn L pa d 1 pa depedng on y agal tax rate. Example w ch do you lae to a to epas a dde d $1. yo tax rabe is 2Here, S1000 repesests 8% d the you o y the St000 A the st of wlut you aed to cam ootiute 30% f wt y d to Let be the t we ed to eas Set up a peopti table ad o dng atio % 1000s0 adc a00 a decinl, 1 Talde Propertin Talle This trasslates iato the equation wing decisale as Sulving for gi . The 20 rate js called the meinal t te (tr) d be geda p age 2 in decial fom, 0.2. If your megial tax te ()2 ogr $1.000f del v red to ean 81.250 e can grale this to create a Sla thot c be ed Se yrof the . In the above eap, Sr is to 100% $1.000 to 00-2-s deial So, Sr in to 1 S1.000 is to 1-02-08. So or atio etin i 1-02 or, an we ly w t d the , the at you end Putting in aebitrary anots for the pat to eas to pay wpartilar a a A Re in decil m we the tr e rept, epaing o-peadative dte the let im t y e otonly dos i a icke utue then inntne isn i t of alb on Yo g it the wts as oc yo pay an anat the d Knowledge Check 6.2.1 we replace the Repy Am e the foesl Repa t Amets 1-utr frle e sht in called the wah the isteest ate we aer pwig the del, we et Dashboard Calendar To Do Notifications Inbox 5:527 Week 6 Lesson 6-2.. w the interest te we see paying on the dele, we pS "otinal etur ce paying the dete e what is caled the Asing a 22% utr, e this w foda to cakedate the d t eparing L a debe with intrst of 2 Now wite the paal fo e the otil isterest rate r. witha nargial tax rate ut ngadebe with an Good Debt: Planning for the Future Not all dela is lod Companies bow to give thes weking ol tey canespad l ploing more people, expandng mactring capcity by bng betr mackis o aing other kts In othr weds compais oto th ad the vale of their bin Yo Soo can bonw in this You can, foe epe, Iew in ceder to bey n i t ppty o sck (liretly o through watud fad). This ls the t of anglting our wt ptie detion or a egative dietie). I is a riskir strategy becae wt te pe of your iveststs, your ader will either wt the wicngof the dte to oostisse or the delt paidpildy at a tie wlen you can at del t. This ise commen way coparis sd indviduas go lakrpt. You dfinily ed so k aie becee pving the stragies Oe ise, ag y oes on wh y advice, is whether the istert cost of the loa d to parhae ats dedectle e st ad peoperty, in tax yo o your on lome and e in , o may le de to a t tn te istert cost of the aortgge. You ay also get the bedi of capital g ta e r property sas Thee is o tas pale on capital p te sd your le p to $250,000 (5500.000 for a married cople), bt this s able nly yu hve lived in the oe e a sigsict tie yos ane ever in this stti y l k avie Berowing to e wakh b ieting in gthts ia ng t steg ten years or longer. Example Bowing anplfi (poitie d atie) t Your oyBoowd eturRturOe yu tur Oe yrturs Eqity at (pal (Euits) Eqity war end total cagtl moey S100 se Su0 850 2 s0 - - S 100 -03 -S10 s -2 30 S10 sa Talde 2 Ellt on eity of bewn Studet os re a gey aa since they my kep you rng in the pat a dribed abo It they may and sd ll to ligher ineo So in tat w y iestst in yoar futre TationmTtion Te F Dashboard Calendar To Do Notifications Inbox 5:53 Week 6 Lesson 6-2.. Talde 2 Et qty of beng Saln ks are a gey aa sisce they ay kep you ng in the ptdried aboe bat they uy ad should lad to igher inc So in that w thy r tt in your fetare Inflation and Taxation: The Enemies of your Life Busi- ness Let's say you he asn invstt paing 5% p Inftin irn is 20% What is your al after-tax wtu Let's Sd t Retars Tax 2 Infetice Bal ah-tax t Tal3 Rl ate-tas t Here is how the fieres in the table wre derid t the table, all of the pereagrs shown are perotagsof yo igil The Srst percestage 5% is the intet n your oigl is The se pstage 1% is the part od yor oignl i t t te t takes Oly the itet of % tand ot the original i So do we figure on how k of the original iest tht W, ad te i is nth of the isteret, nd c-s of 5 is Lso 15 d the oigil i t i ta That i the se e od the tald The thind petage 2% is or ination Itin ts te rig a , the S% inters. So no calalation is seded bre, it is dy 2of the original ivest t t a Satrating 1% and 2% from % y 2% theigd ouel So the al ater-tax retum is only 2% of our i Sr ow h pt takm ay? 3% ot of , wich i-a6-a So, thee s oe , of your kowly etarn (eres) hles d y tax nd inlatin Knowledge Check 6.2.2 n You have an istt which card 8r the year. tax rate is 22% What g 25 al your your actual etus a tx Dashboard Calendar To Do Notifications Inbox !! 5:53 Week 6 Lesson 6-2.. Knowledge Check 6.2.2 You have an issestmest which cad 8% the yer. ini ng tax rate is 22% What is your actul turs ah tax aad t 25% ad your Protecting Yourself You cn peotect youlf agaiet ation sat tatin l Iting in growth ats (e ay socks ad ppety) Empkritg tas efeetive stragis h lating theogh stratu with tas mdutin or d IK etsnd fily trasts Straegiing to reeive cpital pis ate thm i e apital gins are wry beatcialy tand lting in stocs of doantic cugi wih pr good did beae these are also very beicially tas Bomowing to iss Borrowing to Invest Bowing to ivt in growth ats (tods and ppty) e petect aai indatin and tastion, bet le ind f the rids c ilae, ia the woest case, ksing all your moyot jut the moy h d Bwing to iest is more attractis To thoe oe ihr arginal tax at To vestors with n a sie attile to rik (wilng capital To people with high warpas inon, .To people with a kng timeae fe trat W infatin igh Whn ling istet sates ae low Knowledge Check 6.2.3 Explain, beiefly, or ach of the & poists abo, w boowng to t coald be more attractise L To those on higer gal tax a 2 To itos with an aggeie aitude to rik Dashboard Calendar To Do Notifications Inbox 5:53 Week 6 Lesson 6-2.. To people with igh warpas rst To pople with a kng time e Wh inatin i igh Whn kding isterot rato ae l. Knowledge Check 6.2.3 Explain, heietly, for each of the & posts abo, wy b atrctives ng to teoeld be L To those o hihr marinal tes at 2 To istoes with an aggeive atitde to rik a To people with high sarps ino 4. To pesple with a kng tise a e t Whea indatn i 6 Whn ding isterest sates ae ow Dashboard Calendar To Do Notifications Inbox Solve the following problems: (a) Maria and Tony are high income earners in their mid-30s. They have $100,000 mortgage on their house, but have just had an inheritance of $100,000. They have come to you because you are a well-known expert financial adviser. Explain to them why they should repay their mortgage as a priority and let them know what their notional return would be. (b) Maria and Tony have come back to you after a year and have managed to save $50,000 from their (high) incomes. They have a 20-year plan to increase their wealth for retirement. Based on the information in Lesson 6.1 and Lesson 6.2, what would you advise them? And why? Include some modeling using the compound interest formula. 5:52 10 of 10 Done Lesson 6.1 Your Life, Your Business: Introduction May-June 2019 Introduction to the Problem Mot people spend lietle time on the fcialpect of thi pt to woery abot it becasse there is evr g As oe facil r s 1ds e too th at the ed of the mory May people spsd he tie in rching a in or the pchase a drigetator hn in planming ti There is, woidally, a finacial pect to 1e, which pendicts tht your io a bsi (as wll as other things, of cour). And, le al boi y ad to hae a Bai Pln. Caat: This ectin of the coune is at an e aof the aa of penonal e d theoe does ot d to fiscial teacy I mly gs i that you will coter as y thogh lfe, ging you a ads Sr w yo dont them saer, the infruti is ufl aud prby til in ed te ae thh el e s in gal and to eate wlth in partie And yo will l it e your Sl pojet r this co Your Life as a Business So where to start? I you're ping n a jormey, it's udd to hate a map Bet a map is vitually usls unls you laow w you aestating f d wh y ae hoping to get to So you irst sed to alye yor pesent fiial pon st soe gals Balance Sheet and Profit-and-Loss t To analye you pd fi yo peel 1. A Balance Sheet: What you ons (amt) and wht yo o ti) and 2 A Prot and Loss Statement: What you es ad what you spl. It noed not be wy coplcated Ist you d to kw Sinply pat, an ti thing that T Awrts ae wat y o nd inclde things y in ing you "S !! 5:527 10 of 10 Done vitually usls unls you laow w you ae stating f d wh you ae hoping to get to So you rst ed to ly yo pest finial potn t s a 2 of 4 Balance Sheet and Profit-and-Los To analvpe your prsent facel sticn, vou sen .A Balance Sheet: What you o (amt) and wt yo o ti and 2 A Prot and Los Statement What yo e wwy copcated, lt you d to kw i wha yop Itd not be Sinply pt, an et is sething thatt d yo Awts ae what you own and include things i ity is ing yos e Shar (stoks) in a c An issdt property A 0K accost A stock-baed mt fnd A goe rst bea .A bank aoount Liabilitis are what you one ad ilade .Crelit card .Moetgg Peoal os Stadent oa Uspid b And things lie cars and, to a ler degee, a hoe th of wih ire spleep and expelitue, bt prowide no inoe (although a boe m pede cagital gowth oer time Complete the Tade w ( m o te Tan tab to trt asinple Bale Sleet nd n aaal Prodit and Los e your e filton Awtr Lailitin Nt Aets Blatee Shet 5:527 10 of 10 Done 3 of 4 Nt Ats Awts Laiti Balatoe Sheet Exped P Proit and Lom Tale B S Goals Then e all good bains yos ad to la a plas to tale yo whe you ae to where you wast to le. For this you nod to hase pols Goals e wht yn want to hieve in a gven tie re, so you shoad ve sdt, i ndt ancial pls Think aboet your gols ow. Complete the Goal cl of ther table bel amboyatly as you le) to start the peocess of thiking aot yu cial t Yo py the tabde fron the Tables tab. Tie Fr Gol S 3 y 20yew Talde 2 Goals and Strag t Strategy Finaly, you ed a strategy to move you towd yor y pest sitstion O coue, either the goals or the strategy are static As i the ce in all bi your Life Plan will ed to adapt to the changing ciecu o of your , the the mgalatory ewiro , and so Compie the strag l th tale Be ri bt eativ R ber this is jut an ece ea 3e grs in the way of your plans your pls and strategis wil a tainy dng 5:527 10 of 10 Done Tale 1: B Set Goals Then ke all good basis you nd to hw a plan to tale yo fo whre you ae to where you wast to le For this you aed to hae gols Gals ae wat y wast to aive n a given tie fr, so you shoud e short, d d ngts ancial goals Think alo our pels ow, Comte the God em the tale blSmbaty as you l) to start the pescss of thinking about yo fiial ft You c opy the tala from the Taads tal Tie Fr Gol Straeg 3 ys 0 yea 20 y 0 yeurs Talde 2: Goals and Strategis Set Strategy Fiaaly, you da stradegy to mow sou towd yo p sitatn Of eoue, neither the goals nor the strabegy are static As i the ce in ll bins you Life Plan will eed to adapt to the cenging cirm of your te then egulatory viro , and o c Complte the stragy o the talie Be wris bt rative R b this i jut an ecse te ee plans your gls and strategi will al taisly cng in the way of yo ww.nes Figare 1: Finanial Ping Stg Fndmntally, the goal of all walta in pls ite y e an ine wh can support the lotyle you desine. Thre is o poiat, Sr e in ing e t valund at 8 say, which dos sot gte any i Yo m bewealtly t ble to bey Soodt whers a $2 ok accoust or pepety ad k potido wold e graating at least $40,00 p So we t to (e ) e 5:527 Week 6 Lesson 6-2.. Week+6+Lesson+6-2+Final Lesson 6.2 Financial Issues: Debt, Tax and Inflation May-June 2019 Introduction to the Problem n this ln we will otie the his od thee is tht cm he a ped efet yor fnc We will we that debt can be detristal so your wh(hd de) or it can be a way of iacasing your walkh (od debe) Aad wlltt taad indatin ane siifct ftors in disisiing atpts to i yor lth Bth d to be taks isto act at ey tu Bad Debt: Living in the Past Becasse you are wing cet ne to p r the peivilg of ding d paying int i Exples of bad dte ae pay-day kding (the wry wt d to be aded at al cot) crelit cards (estmdy bl) pesl o ortp Repaying bd dele is the lest ivestnst you cn ake Wle B the debt is immndiste te tann paing te etan is hicher then on almt a ie ndmed e te St tht yo are epaying the debe with iscome on whick yoe alady pid i T ts with t the r Al aeT of te d m which is alays qtel preta Fe eple the qutl 2 pa et on a baak accot does ot iaclade the lacoe tax ys will d to p the etars as isterest incoe So aher tax, your etn will be so et L pe d 1.26 pa depedag on your margial tax rate Example h do yo1-2 of 7 a de d SL Er n the ot of w tam oitt 2Ef ve lt be the Dashboard Calendar To Do Notifications Inbox ! 5:527 Week 6 Lesson 6-2.. tt etrs which is alwas qted pro-ta Fir eple the qutel 2% pa setur on a baak accot dos ot ichade the icoe tax ys will d to p the etan a interest incoe So, aher tax, your ret will be s betn L pa d 1 pa depedng on y agal tax rate. Example w ch do you lae to a to epas a dde d $1. yo tax rabe is 2Here, S1000 repesests 8% d the you o y the St000 A the st of wlut you aed to cam ootiute 30% f wt y d to Let be the t we ed to eas Set up a peopti table ad o dng atio % 1000s0 adc a00 a decinl, 1 Talde Propertin Talle This trasslates iato the equation wing decisale as Sulving for gi . The 20 rate js called the meinal t te (tr) d be geda p age 2 in decial fom, 0.2. If your megial tax te ()2 ogr $1.000f del v red to ean 81.250 e can grale this to create a Sla thot c be ed Se yrof the . In the above eap, Sr is to 100% $1.000 to 00-2-s deial So, Sr in to 1 S1.000 is to 1-02-08. So or atio etin i 1-02 or, an we ly w t d the , the at you end Putting in aebitrary anots for the pat to eas to pay wpartilar a a A Re in decil m we the tr e rept, epaing o-peadative dte the let im t y e otonly dos i a icke utue then inntne isn i t of alb on Yo g it the wts as oc yo pay an anat the d Knowledge Check 6.2.1 we replace the Repy Am e the foesl Repa t Amets 1-utr frle e sht in called the wah the isteest ate we aer pwig the del, we et Dashboard Calendar To Do Notifications Inbox 5:527 Week 6 Lesson 6-2.. w the interest te we see paying on the dele, we pS "otinal etur ce paying the dete e what is caled the Asing a 22% utr, e this w foda to cakedate the d t eparing L a debe with intrst of 2 Now wite the paal fo e the otil isterest rate r. witha nargial tax rate ut ngadebe with an Good Debt: Planning for the Future Not all dela is lod Companies bow to give thes weking ol tey canespad l ploing more people, expandng mactring capcity by bng betr mackis o aing other kts In othr weds compais oto th ad the vale of their bin Yo Soo can bonw in this You can, foe epe, Iew in ceder to bey n i t ppty o sck (liretly o through watud fad). This ls the t of anglting our wt ptie detion or a egative dietie). I is a riskir strategy becae wt te pe of your iveststs, your ader will either wt the wicngof the dte to oostisse or the delt paidpildy at a tie wlen you can at del t. This ise commen way coparis sd indviduas go lakrpt. You dfinily ed so k aie becee pving the stragies Oe ise, ag y oes on wh y advice, is whether the istert cost of the loa d to parhae ats dedectle e st ad peoperty, in tax yo o your on lome and e in , o may le de to a t tn te istert cost of the aortgge. You ay also get the bedi of capital g ta e r property sas Thee is o tas pale on capital p te sd your le p to $250,000 (5500.000 for a married cople), bt this s able nly yu hve lived in the oe e a sigsict tie yos ane ever in this stti y l k avie Berowing to e wakh b ieting in gthts ia ng t steg ten years or longer. Example Bowing anplfi (poitie d atie) t Your oyBoowd eturRturOe yu tur Oe yrturs Eqity at (pal (Euits) Eqity war end total cagtl moey S100 se Su0 850 2 s0 - - S 100 -03 -S10 s -2 30 S10 sa Talde 2 Ellt on eity of bewn Studet os re a gey aa since they my kep you rng in the pat a dribed abo It they may and sd ll to ligher ineo So in tat w y iestst in yoar futre TationmTtion Te F Dashboard Calendar To Do Notifications Inbox 5:53 Week 6 Lesson 6-2.. Talde 2 Et qty of beng Saln ks are a gey aa sisce they ay kep you ng in the ptdried aboe bat they uy ad should lad to igher inc So in that w thy r tt in your fetare Inflation and Taxation: The Enemies of your Life Busi- ness Let's say you he asn invstt paing 5% p Inftin irn is 20% What is your al after-tax wtu Let's Sd t Retars Tax 2 Infetice Bal ah-tax t Tal3 Rl ate-tas t Here is how the fieres in the table wre derid t the table, all of the pereagrs shown are perotagsof yo igil The Srst percestage 5% is the intet n your oigl is The se pstage 1% is the part od yor oignl i t t te t takes Oly the itet of % tand ot the original i So do we figure on how k of the original iest tht W, ad te i is nth of the isteret, nd c-s of 5 is Lso 15 d the oigil i t i ta That i the se e od the tald The thind petage 2% is or ination Itin ts te rig a , the S% inters. So no calalation is seded bre, it is dy 2of the original ivest t t a Satrating 1% and 2% from % y 2% theigd ouel So the al ater-tax retum is only 2% of our i Sr ow h pt takm ay? 3% ot of , wich i-a6-a So, thee s oe , of your kowly etarn (eres) hles d y tax nd inlatin Knowledge Check 6.2.2 n You have an istt which card 8r the year. tax rate is 22% What g 25 al your your actual etus a tx Dashboard Calendar To Do Notifications Inbox !! 5:53 Week 6 Lesson 6-2.. Knowledge Check 6.2.2 You have an issestmest which cad 8% the yer. ini ng tax rate is 22% What is your actul turs ah tax aad t 25% ad your Protecting Yourself You cn peotect youlf agaiet ation sat tatin l Iting in growth ats (e ay socks ad ppety) Empkritg tas efeetive stragis h lating theogh stratu with tas mdutin or d IK etsnd fily trasts Straegiing to reeive cpital pis ate thm i e apital gins are wry beatcialy tand lting in stocs of doantic cugi wih pr good did beae these are also very beicially tas Bomowing to iss Borrowing to Invest Bowing to ivt in growth ats (tods and ppty) e petect aai indatin and tastion, bet le ind f the rids c ilae, ia the woest case, ksing all your moyot jut the moy h d Bwing to iest is more attractis To thoe oe ihr arginal tax at To vestors with n a sie attile to rik (wilng capital To people with high warpas inon, .To people with a kng timeae fe trat W infatin igh Whn ling istet sates ae low Knowledge Check 6.2.3 Explain, beiefly, or ach of the & poists abo, w boowng to t coald be more attractise L To those on higer gal tax a 2 To itos with an aggeie aitude to rik Dashboard Calendar To Do Notifications Inbox 5:53 Week 6 Lesson 6-2.. To people with igh warpas rst To pople with a kng time e Wh inatin i igh Whn kding isterot rato ae l. Knowledge Check 6.2.3 Explain, heietly, for each of the & posts abo, wy b atrctives ng to teoeld be L To those o hihr marinal tes at 2 To istoes with an aggeive atitde to rik a To people with high sarps ino 4. To pesple with a kng tise a e t Whea indatn i 6 Whn ding isterest sates ae ow Dashboard Calendar To Do Notifications Inbox