QUESTION 1
- 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.
QUESTION 2
Personal Finance by Rachel Siegel and Carol Yacht (2009); Page 23. Exercise 2. See below: "Use the S.M.A.R.T. planning model and information in this section to evaluate Alice's goals (below). a. pay off student loan b. buy a house and save for children's education c. accumulate assets d. retire e. travel around the world in a sailboat. Discuss your evaluations" (p.23). (PLEASE IT SHOULD BE DOUBLE SPACED IN 2 PAGES) essay. Cite references to material that you use in preparing the essay.
QUESTION 3
Discuss the macro economic factors that are influencing your financial thinking and behavior today. What are some specific examples? How have large-scale economic changes or cycles, such as the economic recession of 2008-2009, affected your financial planning and decision making? in approximately 200-250 words.