WHAT DO YOU KNOW ABOUT FINANCIAL PLANING

Question

Accepted Answer

Financial planning involves creating a strategy to achieve financial goals by managing income, expenses, investments, and savings.

Financial planning involves setting specific financial goals and creating a roadmap to achieve them.
It includes analyzing current financial situation, identifying areas for improvement, and developing a budget.
Investment planning is a key component of financial planning, involving selecting appropriate investment vehicles based on risk tolerance and financial goals.
Insurance planning is also important in financial planning to protect against unexpected events.
Regular review and adjustments to the financial plan are necessary to ensure it remains aligned with changing goals and circumstances.

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