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- financial planning step give an example of Create and implement your financial action plan.Question 4 Personal financial planning includes the following processes: (select all that apply) reviewing and revising your financial plan. identifying and evaluating alternative courses of action. determining your current financial situation. developing your financial goals.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
- Examine the economic environments influence on personal financial planning.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.Discuss the overall purpose people have for investing.
- Question - A formalized report that summarizes your current financial situation, analyzes your financial needs, and recommends future financial activities is: the life cycle model a balance sheet a personal financial plan a tax returnWhat financial tools can help you make better financial decisions?Determine the most valuable aspect of this course to you and explain how you plan to apply it to your personal financial practices.Share two ways that you feel you will be able to apply the concepts you learned in this course to your current or future work position.