Case Study - Personal Finance or Golf? 1. Describe to Tom the goals and rewards of the personal financial planning process. a. Personal financial planning is the process in which one develops and employs steps to achieve personal financial goals. Successful implementation of these goals can lead to many rewards. These include improving your standard of living, pending your money wisely, and accumulating wealth. In addition, allows for changing goals, available resources as well as changes in the economic environment. 2. Explain to Tom what is meant by the term financial planning and why it is important regardless of income. a. Personal financial planning comprises the key elements of one’s financial matters and offers a plan to achieve financial
1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points)
1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points)
“When Death Comes” is the poem that stands out to me because it talks about how when you die you don’t want to regret the things you could have done. You want to die happy knowing the things you did accomplish were for the right reasons, and no one can tell you different. There are three points that Mary Oliver touches on in this Poem that stand out to me. The first one is, No Regret, “When It’s over, I don’t want to wonder if I have made of my life something particular, and real”. I like this quote because I believe nobody should regret the life they lived, If you have the opportunity to live and experience anything, then that alone is nothing to regret.
The forest view rushed past Stanley as he tumbled from the tree. One moment, he had been hugging the branch with eyes squeezed shut, and the next there was nothing separating him from the ground. All it took was a not-so-friendly shove from the wings of Betty the blue jay. The bird had the nerve to laugh at the squirrel as he fell. "'I want to fly, I want to fly!'
Jane the virgin is a romcoms tv series. It is about a Latin woman who follows her family tradition to save her virginity until she was married to a detective and her life was shattered when a doctor accidently inseminated her by mistake from a checkup. The father of the child was a married man and is the new manager of the hotel that Jane works and was her former teenage crush. The person who inseminated her was Rafael’s sister which is a lesbian. She slept with Rafael’s stepmom who is Rose who is a drug dealer.
Use fictitious data to protect your privacy, although I will not share your projects. To protect your security please do not state whether the financial data you use is real or fictitious. The goal of the planning project will be to set a person up with a plan that will provide the greatest chance for long-term financial success. The plan you develop will be summarized in a 4-5 page type written double-spaced report highlighting your strategy and the financial vehicles you propose to use to help reach the financial goals set forth.
The fire service is full of tradition and has been that way since the very beginning of it time. It has always been a challenge when trying to implement new technology, ideas or ways of acting. For a long time in this history, firefighters have used a solid stream nozzle at the end of a hose line. In 1968, the fog nozzle was invented and a struggle between the old and a new began. Although there are benefits to both nozzles, the capabilities of the fog nozzle make it clear that it is the better choice.
The Octaband is an interactive tool which facilitates individuality and group strength through movement for people having Parkinson’s disease and other neurological related signs and symptoms. Octaband is designed to stimulate movement in the elderly people with dementia and Parkinson’s disease. The octaband is a stretchy material with different bright colors and attractive design to stimulate self-expression and awareness of others.
The S.M.A.R.T. planning model is a guide everyone should follow when making financial goals one wants to achieve, whether they are short or long term. According to (Siegel & Yacht, 2009) “To be truly useful, goals must be Specific, Measurable, Attainable, Realistic, and Timely (S.M.A.R.T.).”
Goals are vital in any financial planning process to be successful. For goals to be truly useful, they must be specific, measurable, attainable, realistic, and timely ( Siegel & Yacht, 2009). As personal circumstances change and the economy as a whole also changes, there is the need to make or plan goals flexible that can easily adjust according to each situation. This paper will use the S.M.A.R.T planning model to evaluate Alice’s goals of; pay off student loan, buy a house and save for children’s education, accumulate assets, retire, and travel around the world in a sailboat.
Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points)
Personal finance is defined as the management of money and financial decisions for a person or family including budgeting, investments, retirement planning and investments. Investing is defined as to put (money) into financial schemes, shares, property, or a commercial venture with the expectation of achieving a profit. Some reasons why financial planning is important are; Income is easier to manage through planning. Managing income helps you understand how much money you 'll need for tax payments, other monthly expenditures and savings. Cash Flow: Increase cash flows by carefully monitoring you’re spending patterns and expenses. Tax planning, prudent spending and careful budgeting will help you keep more of your hard earned cash. Capital: An increase in cash flow, can lead to an increase in capital. Allowing you to consider investments to improve your overall financial well-being. Family Security: Providing for your family 's financial security is an important part of the financial planning process.
Financial Planning Financial planning is an appraisal of those financial aspects that may or are likely too occur in future but need immediate decision making. It involves setting financial objectives in terms of profits, sales or acquistion of assets along with financial foorecasting for the organisation. This includes estimation in the areas of: Ø
In the article, Advisors Involved in Financial Planning, authors Mendlowitz and Kess talks about how financial advisors are people oriented and want what is best for their clients. The authors prove that the difficulty of the financial advising processes is typically overlooked by others by stating, “The different kinds of financial advisors and their role in the overall financial planning process is difficult” (Pg.66). Many might think that financial advisors have an easy job, but there is more to it than telling people to save small amounts of money here and there. Advisors must go through several specific steps to figure out the exact amounts their clients must save. The author of this article talks about situations that a financial advisor might go through as well as how the advisor should
Financial planning has become much more important over the decade in Hong Kong and China. Many graduates and other people with professional financial