PFIN 7:STUDENT EDITION-TEXT
7th Edition
ISBN: 9780357033616
Author: Billingsley
Publisher: CENGAGE L
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Question
Chapter 1, Problem 5FPE
Summary Introduction
To discuss: Decisions taken on personal financial and career planning based on the current market trends like
Personal financial planning is a systematic process of considering important elements like individual’s financial affairs and aimed to fulfil their financial goals.
Career planning is a systematic process that contains activities and actions that a person tries to achieve in his or her individual career goals.
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- Examine the economic environments influence on personal financial planning.arrow_forwardReview the material in Chapter 1 on Personal Financial Planning. 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.arrow_forwardWhat do you think is the importance of Economic Development in relation to the field of study (Accountancy) ?arrow_forward
- Using this template, formulate and create a minimum of three SMART goals related to these aspects of personal financial planning. For each goal, also identify why this is an important financial goal for you at this time. Career planning and development Spending plan/cash flow analysis Tax planning Savings and investing Use of creditarrow_forwardPersonal financial management topics.( Investment)arrow_forwardWhat is the difference between personal and investment banking & what are the career outlooks for each area?arrow_forward
- Importance of having a financial plan.arrow_forwardWhat personality theory is the most dominant concept to help us better understand financial goal setting of individuals? Discuss your answerarrow_forwardWhich of the following activities will worsen your chance of financial success? Check all that apply. Knowledge of the general condition and events occurring in the local, state, regional, national, and international economic environments. The development of an effective plan that is consistently applied until it is revised in accordance with changes in your goals and life circumstances. The development of personal financial goals and target dates that are consistent with your values, attitudes, and behaviors. Knowledge of what other average people believe and how they behave, because they affect the same financial markets and economic conditions that affect you..arrow_forward
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