Financial Planning And Investment Planning
June 12, 2018 2 Comments
Financial Planning is the process of meeting one’s life goals through the proper management of personal finances.
Sound financial planning involves 6 steps :
1.Establishing short, medium and long term life goals.
2.Tabulating assets and liabilities.
3. An evaluation of the current financial position to assess the distance to goal achievement.
4.Developing a plan that shows the way for achieving different goals
5.Implementing this financial plan
6.Monitoring and reviewing this financial plan at least yearly and making adjustments when needed. Read more of this post
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