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Questions and Answers
Why is personal financial planning needed?
Why is personal financial planning needed?
- To understand inflation levels
- To deal with intergenerational transfers of wealth
- To manage complex personal finances (correct)
- To navigate economic growth
What has been the trend in economic growth over the past 35 to 40 years?
What has been the trend in economic growth over the past 35 to 40 years?
- It has been unpredictable
- It has been substantial (correct)
- It has been stagnant
- It has been minimal
What is one specific reason mentioned in the text for needing personal financial planning?
What is one specific reason mentioned in the text for needing personal financial planning?
- Intergenerational transfers of trillions of dollars of wealth (correct)
- Investment opportunities
- Retirement planning
- Individual economic growth
What is something that is unheard of intergenerationally?
What is something that is unheard of intergenerationally?
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What insight is needed for dealing with economic growth and investments?
What insight is needed for dealing with economic growth and investments?
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