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Have you ever asked yourself “What is a Financial Plan”?
Financial planning is the process of establishing personal and financial goals and creating a way to meet them. You will need to establish your own plan which includes 1) Take inventory of your assets versus your liabilities 2) Develop a plan to utilize your existing resources 3) Implement a plan to achieve short and long term goals and finally 4) monitor your plan periodically
DEFINITION
Financial planning is the process of establishing personal and financial goals and creating a way to reach them
Inventory assets/liabilities
Develop a plan to utilize existing resources
Implement a plan to achieve short and long term goals
Monitor and review periodically
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