Solving for future consumption as a function of current consumption allows us to write the constraint in intercept-slope form as: In the diagrams below, the curves IC o represents levels of satisfaction (or utility) received from combinations of present and future consumption activity.
What Is the Waste or Dissipation of Assets? The wasting or dissipation of assets involves the frivolous and unjustified spending of assets by a spouse. There must be more than just the mismanagement of property or spending in a way that's disapproved of by the other spouse.
To build wealth fast, spend your money on assets that maintain or grow their value. Go frugal on expenses and on assets that lose their value quickly. Many times itâs hard to tell the difference between an asset and an expense. The best example of an asset versus an expense is a mortgage versus rent.