Class teaching (Family
Management, Paper V – Application of Family)
“How much money can you raise as loan from your family?
“In case you live in a small nuclear family, please consider your
extended family with uncles, cousins, grandparents etc.
“Every large or extended family can be broken down to a cluster of basic
family units of parents and children. Any further division will lead to
incomplete family units.
“The total amount of probable loan from the entire family, inclusive of
all constituent units, is your Family Credit Score (FCS). Do the following to
calculate your FCS.
“First, make a list of all constituent family units that make up your
large extended family.
“Second, consider their financial status and liabilities and try to
ascertain the maximum amount of money they might be able to give you as loan
over a period of at least one year.
“Third, add the maximum amounts for all constituent units to obtain your
Family Loan Strength (FLS).
“Your Family Credit Score is 60% of the Family Loan Strength for
emergency situations, like medical or legal and 40% for non-emergency
situations, like business or education.”
On the board
FCSemergency
= 60% of FLS
FCSnon-emergency
= 40% of FLS
No comments:
Post a Comment