https://rohan-mantena.github.io/notes/docs/ugba135/Recent content in UGBA 135 on berkeley.notesHugo -- gohugo.ioen-ushttps://rohan-mantena.github.io/notes/ugba135/1/Mon, 01 Jan 0001 00:00:00 +0000https://rohan-mantena.github.io/notes/ugba135/1/Title: : Intro to Personal Financial Management + Who Are the Millionares? + Financial Planning in a World of Credit and Debt Reading: Chapters 1, 2, and 3 Videos Chapter 1: Introduction # What is our definition of a millionaire? Those financially indpendent to take care of themselves If the biggest financial problem is no longer retirement, what is it? Lonegivity is the biggesst problem, living beyond what you planned for Do most people pay more in Social Security and Medicare than federal income taxes?https://rohan-mantena.github.io/notes/ugba135/2/Mon, 01 Jan 0001 00:00:00 +0000https://rohan-mantena.github.io/notes/ugba135/2/Title : Financial Planning in a World of Credit and Debt (continued) + Contracts + Understanding Social Security, Medicare and You Reading: Chapters 4,5, and 6 Videos Chapter 4: Credit Reports and Credit Scores # What is the difference between a credit report and a credit score? Credit report is an individual financial report card that describes if the subject of the report has been making credit card and loan payments on time (includes a great deal of personal information), while a credit score is a culmination of the info on your credit report Who are the 3 major credit reporting agencies?https://rohan-mantena.github.io/notes/ugba135/3/Mon, 01 Jan 0001 00:00:00 +0000https://rohan-mantena.github.io/notes/ugba135/3/Title : Government Revenues and Expenses Reading: Chapter 7 Videos individual income taxes : 46% social security / medicare taxes : 34% corporate income taxes : 11% excise and other taxes/fees : 8% estate taxes : 1% all required forms are offered for free at irs.gov federal income tax is a pay as you go system; 1.