Personal Financial Planning Overview

PFP = Personal Financial Planning TMV = Tools for Money Value Law = A principle governing financial matters Cycle = A stage of life

Twenties = College Age Fifties = Sixties, Seventies & Beyond Sixties = Forties, Fifties, Sixties, Seventies & Beyond Thirties = Life Planning

Market pricing = Analysis of risk Cash Flow Analysis = Optimization, Investment Models of Behavior Risk Analysis = Finance includes TMV, Cash Flow Analysis, Optimization, Investment Models of Behavior Finance = A characteristic of Finance

<p>Capital = Wealth or assets Money = A medium of exchange Parts = Elements of a Financial Plan Eleven = Steps in the personal financial planning process</p> Signup and view all the answers

<p>Tools = Finance include TMV, Cash Flow Analysis, Optimization, Investment Models of Behavior Law = A principle governing financial matters Magazine = Established in 1972 to inform the population in financial planning matters PFP = A discipline of Personal Finance</p> Signup and view all the answers

<p>Six = Steps in the personal financial planning process Eleven = Elements of a Financial Plan Parts = Steps in the personal financial planning process Cycle = A stage of life</p> Signup and view all the answers

<p>Financial Plan = Separated into 11 steps Personal Financial Planning = A discipline of Personal Finance Life Planning = College Age, Twenties, Thirties, Forties, Fifties, Sixties, Seventies &amp; Beyond Financial Planning = A practical activity to achieve one's goals</p> Signup and view all the answers

<p>PFP = Personal Financial Planning TMV = Time Value of Money PMT = Payment ROI = Return on Investment</p> Signup and view all the answers

<p>Market pricing = Analysis of risk Cash Flow Analysis = Budget management Investment Models = Portfolio strategy Optimization = Resource allocation</p> Signup and view all the answers

<p>College Age = Life cycle planning Twenties = Starting investments Forties = Retirement saving Seventies &amp; Beyond = Estate planning</p> Signup and view all the answers

<p>Magazine = Inform about financial planning Tools = Assist in financial management Workshops = Educate about finance Books = Provide in-depth financial knowledge</p> Signup and view all the answers

<p>Cycle = Continuous process Parts = Elements of a financial plan Law = Regulatory framework Capital = Fundamentals of investment</p> Signup and view all the answers

<p>To achieve one's goals</p> Signup and view all the answers

<p>11</p> Signup and view all the answers

<p>PFP Magazine</p> Signup and view all the answers

<p>It involves analysis of risk</p> Signup and view all the answers

<p>6</p> Signup and view all the answers

<p>Financial Planning</p> Signup and view all the answers

<p>Personal Finance Planning</p> Signup and view all the answers