PFIN 7:STUDENT EDITION-TEXT
7th Edition
ISBN: 9780357033616
Author: Billingsley
Publisher: CENGAGE L
expand_more
expand_more
format_list_bulleted
Question
Chapter 1, Problem 3LO
Summary Introduction
To discuss: Life cycle of financial plans and their role in attaining financial goals.
Summary Introduction
To discuss: Ways to deal with special planning concerns and use of professional financial planners.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
Define the financial planning process.
List the elements of a good financial plan.
What is the relationship between strategic planning and financial planning? How do you do strategic planning and financial planning for your own personal finances?
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
Knowledge Booster
Similar questions
- Examine the economic environments influence on personal financial planning.arrow_forwardReview 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.arrow_forwardIdentify some investment objectives. Discuss the role that investing plays or could play in a financial plan.arrow_forward
- What is financial planning? What are the methods to be used for financial planning? What is the importance of financial planning?arrow_forwardProfessional financial planners should Multiple Choice A inform the client about the outcome of the plan. B assess their client's risk-and-return requirements on a one-time basis, explain the investment plan to the client, and inform the client about the outcome of the plan. C explain the investment plan to the client. D assess their client's risk-and-return requirements on a one-time basis. E explain the investment plan to the client and inform the client about the outcome of the plan.arrow_forwardThe last step in the financial planning process is to Group of answer choices use financial statements to evaluate results of plans and budgets, taking corrective action as required implement financial plans and strategies. periodically develop and implement budgets to monitor and control progress toward goals redefine goals and revise plans and strategies as personal circumstances change develop financial plans and strategies to achieve goalsarrow_forward
- Explain the term “Financial Planning”.arrow_forwardWhat financial tools can help you make better financial decisions?arrow_forwardUsing 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 creditarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Pfin (with Mindtap, 1 Term Printed Access Card) (...FinanceISBN:9780357033609Author:Randall Billingsley, Lawrence J. Gitman, Michael D. JoehnkPublisher:Cengage Learning
Pfin (with Mindtap, 1 Term Printed Access Card) (...
Finance
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Cengage Learning