Understanding of a person financial situation

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Critically reflect on the impact of using personal financial statements as a basis of good financial planning. Why do you think that the vast majority of people do not use personal financial statements in financial planning? Can these people reasonably hope to achieve their financial goals? Do you think as a financial planner you can get your clients to utilize their financial statements in order to help achieve their goals? Knowing a little more about how personal financial statements can help gain an understanding of a person's financial situation, do you think you will be utilizing your own statements to form the basis of your financial plan?

Reference no: EM132941400

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