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CHAPTER TWO Financial and Risk Management Part I PERSONAL AND HOUSEHOLD GENERAL FINANCE

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It is probably safe to say you plan and prepare in order to meet your equestrian goals—such as bringing a young horse along or competing at a higher level. It is important that you give the same attention to your personal financial goals. Begin by viewing yourself and your household as a single entity, and then decide what the “goals” for that entity should be—for instance, a corporation’s goals often include maximizing profit and building shareholder wealth. Your goals may include the reduction of debt, maintenance of tangible assets (real property—real estate and improvements—and personal property such as horses, cars, and clothing), and the building of savings and retirement accounts.

Horse Economics

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