PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
6th Edition
ISBN: 9781337117005
Author: Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher: Cengage Learning
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
What is the relationship between strategic planning and financial planning? How do you do strategic planning and financial planning for your own personal finances?
Define the financial planning process.
List the elements of a good financial plan.
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.
Chapter 1 Solutions
PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
Knowledge Booster
Similar questions
- Analyze and explain the benefits of using personal financial planning techniques to manage your finances.arrow_forwardAfter deciding the financial requirement, the finance manager should concentrate on ........................................ Select one: A. Mobilizing or Acquiring the Necessary Capital B. Cash Management C. Liquidity Management D. Investment Decisionarrow_forwardWhat is financial planning? What are the methods to be used for financial planning? What is the importance of financial planning?arrow_forward
- Explain the term, "financial literacy", and its importance in your life and future.arrow_forwardDiscuss what is meant by ‘making investment decisions’ and ‘making financial decisions’ for a financial managerarrow_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_forward
- What influences finance professionals' strategic decisions, academic pursuits, professional development, and personal interests?arrow_forwardWhat financial tools can help you make better financial decisions?arrow_forwardDescribe two important questions that financial managers must address before making an investment decision.arrow_forward
- 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 creditarrow_forwardDescribe two key questions that financial managers must answer before investing?arrow_forwardLearning 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?arrow_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