Chapter 1 Flashcards by Amelia Lou | Brainscape

Q

Financial goals should:

A

Be stated in monetary terms

- Specify a date for the monetary goals

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Q

What is wrong with popular advice?

Popular advice usually relates to:

A

A specific financial product

- An issue in isolation

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Q

The Financial planning process:

A

Make a series of decisions on how much money you need at some future time to meet your goals
Develop a plan for getting that amount of money.

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