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Define the financial planning process

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Reference no: EM131542026

QUESTION 1

  • 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.

QUESTION 2: Personal Finance by Rachel Siegel and Carol Yacht (2009); Page 23. Exercise 2. See below: "Use the S.M.A.R.T. planning model and information in this section to evaluate Alice's goals (below). a. pay off student loan b. buy a house and save for children's education c. accumulate assets d. retire e. travel around the world in a sailboat. Discuss your evaluations" (p.23). (PLEASE IT SHOULD BE DOUBLE SPACED IN 2 PAGES) essay. Cite references to material that you use in preparing the essay.

QUESTION 3: Discuss the macro economic factors that are influencing your financial thinking and behavior today. What are some specific examples? How have large-scale economic changes or cycles, such as the economic recession of 2008-2009, affected your financial planning and decision making?  in approximately 200-250 words.

Reference no: EM131542026

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