C70_Chapters+1%263.pptx

C70_Chapters+1%263.pptx - CHAPTERS 1 & 3 Introduction...

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Introduction to Personal Financial Planning Setting Goals 1
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PERSONAL FINANCIAL PLANNING INVOLVES a process which assesses a person’s overall financial situation, identifies his/her goals and objectives, problems and possible solutions, and provides and implements recommendations. It is a continuous process, meaning once the financial plan is implemented it should be regularly monitored, reviewed, and updated as the person’s financial situation changes. 2
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OBJECTIVES Gives you the knowledge to manage whatever money you have and can save in a rational manner, so that you have best chance possible to realize your goals in life, and You can also use this knowledge to help others in managing their personal finances. 3
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In order to achieve your goals you have to know your goals first. Goals should be well defined. Becoming rich, going on world tour, comfortable retirement life are desires not goals. 4
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C70_Chapters+1%263.pptx - CHAPTERS 1 & 3 Introduction...

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