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1-11-28 - -provide solution for objectives and...

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Personal Financial Planning November 28 Personal Financial Planning Theory -operating the household like a business -provide highest standard of living -maximize discretionary spending -the enterprise needs cash flow and to allocate cash to resources over time -strategic approach -integrated basis: takes into account all the household’s assets and liabilities
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Unformatted text preview: -provide solution for objectives and household’s overall good How? – rational comprehensivism-scope-gather data-identify goals-analyze-SWOT-sensitivity analysis: to strengths/weaknesses-scenario analysis...
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