Manage your personal finances

The year goes by, and then even after paying Pete the 1 , so we had 500 of assets under management this whole assets under management a year later goes to,

Look. This company over here, we're going to issue more shares, for more people to contribute money

That assets, A for assets, is equal to

And it's legitimate monopoly of means of violence, administrative control, management of public finances, investment in human capital, provision of citizenship rights, provision of infrastructure, management of the tangible and intangible assets of the state through regulation, creation of the market, international agreements, including public borrowing, and then, most importantly, rule of law.

It should start to make a little bit of intuitive sense

And I'm going to manage this money right over here, and I'm just going to take a percentage of the total assets under management

Hi. Eugene Provost, financial adviser.

liabilities plus equity.

I'll do that in yellow.

In a world without leverage so if I didn't have all this

So this is just another visual representation that

It doesn't sound like we borrowed money or anything.

But let's say its assets are worth 1 million.

And then on the equity side, because we have no liability, so in this case assets will be equal to equity.

Remember liabilities plus equities are equal to assets.

liabilities plus equity is equal to assets.

I use 100 gold pieces.

And then the equity is, essentially we would look at this formula.

liabilities.

These are my assets, and these are my liabilities.

But we need to think broad scale. We need to think globally.

Malibu Equity and Investments.

So its assets.

That just comes out of the definition of what equity is.

And so liabilities plus equity is equal to assets.

I'll draw it a little bit bigger.

So I'm going to give you a little equation, actually, just to take a little bit of a tangent.

We finally got our meeting with the War Assets Administration in Washington.

My liabilities would be 145,000.

Right?

These are their assets, just to get all the labelling right.

that assets are equal to liability plus equity.

What's my equity?

Malibu Equity and Investments. Roger Van Zant.

like an equation, but it's assets is equal to liabilities plus equity.

If you take an MBA, they'll write it down, and it looks

And we have 23 billion in liabilities.

Or the other way to view it is, assets minus liabilities is equal to equity, right?

I don't want to draw this box.

And rich, eh?

Communism, capitalism...

like any corporation, and they have to, the liabilities, plus the equity has to match up to the assets.

Obviously , a machine you can't do all of those things to it, but you can at least touch it and possibly smell and taste it.

Zolitnikoff, no record. Matthewson, no jurisdiction.