ENTREPRENEURIAL PLANNING
FINANCIAL PLANNING AND ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Three Rules of Financial Planning
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Spend within your means
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keep an eye on your money
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Put some money away for later
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All of the above
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Explanation:
Detailed explanation-1: -Step 3: Analyzing the Client’s Current Course of Action Next, the advisor will analyze the client’s current course of action to see if it’s moving them toward their financial goals.
Detailed explanation-2: -Rule 1: Lead an ‘appropriate’ lifestyle. Rule 2: Prepare for uncertainties. Everyone faces uncertainties in life. Take a (term) life insurance. Rule 3: Beat inflation. Invest only for the long term (>5-7 years), never trade. Summary.
There is 1 question to complete.