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Q: Create a poem with 4 stanza about saving money or about smartest thing you can do to your money
A: The poem can be seen below:
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- Identify and explain at least a 7 reasons to save and invest your money
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- Review the material in Chapter 1 on Personal Financial Planning. Define the financial planning process List the elements of a good financial plan. Identify and discuss the three most important personal factors and the three most important economic factors that affect your financial planning decisions.Write your simple habit for personal finance successExplain the idea of mental accounting. Group of answer choices Mental accounting refers to the way we emotionally account for ups and downs of our lives. Mental accounting refers to the interest rate we use when we calculate the present value of future mental assets. Mental accounting is the way people keep track of their mental assets and liabilities. Mental accounting is the notion of putting dollars in different mental categories where they take different values.
- Using this template, formulate and create a minimum of three SMART goals related to these aspects of personal financial planning. For each goal, also identify why this is an important financial goal for you at this time. Career planning and development Spending plan/cash flow analysis Tax planning Savings and investing Use of creditGive one example on an opportunity cost that impacted you personally. What was the opportunity cost? What was the impact of the choice you made? and How does the concept of opportunity cost impact your future personal finance decisions?Discuss the overall purpose people have for investing.
- In this semester, we study how funds flow in the financial system. Please explain with examples what can financial system do to help im prove the quality of our lives?Learning about Financial Planning Designations. Please research Financial Planning designations in general and specifically each of these 3 Financial Planning designations - CFP® ChFC® AFC ® Based on what you find include in your email what is involved in earning each of the 3 listed designations above? What main areas do they cover? In addition to the test needed for the designation, how many hours of experience do you need to receive each credential?Which of the following statements constitutes a definition of a financial plan? Group of answer choices Results that an individual wants to attain 2. A roadmap for achieving financial goals 3. Redefining your financial goals 4. Setting a goal date
- Discuss the role that investing plays in the personal financial planning process and identify seven different investment objectives.How can using personal financial planning tools help you improve your financial position? Please explain and give examples.How to achieve a good financial planning? Explain in 10 sentences.