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Today is
What is Financial Planning?
[ 13 Jan 2004 ]
Making informed moves
Financial Planning is basically managing the financial aspects of your life in order to achieve goals, whether that is to accumulate wealth or to plan for future events. It incorporates investment, insurance, taxation, retirement and estate planning. The following steps will be used when initially undertaking financial planning:
- Data gathering.
- Goal setting.
- Identification of financial problems.
- Preparation of written alternatives/recommendations.
- Implementation of the agreed upon recommendations.
- Review and revision of your plan.
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