11 Feb
11Feb

*A Financial Plan :–* A financial plan is a document containing a person’s current money situation and long-term monetary goals, as well as strategies to achieve those goals. A financial plan begins with a thorough evaluation of the person’s current financial state and future expectations and may be created independently or with the help of a certified financial planner.🔹A financial plan documents an individual’s long-term financial goals and creates a strategy for achieving them.🔹The plan should be comprehensive but also highly individualized, to reflect the individual’s personal and family situations, risk tolerance, and future expectations.🔹The plan starts with a calculation of the person’s current net worth and cash flow and ends with a strategy. 


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