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Personal Finance Or Golf

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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

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