The financial planning process includes five steps. Four of the steps are listed next:
.Analyze your current financial status.
.Implement your financial plan.
.Monitor your progress and revise your plan as needed.
.Organize your financial information and set short-term and long-term goals.
What is the missing step?
A) Identify and evaluate alternative strategies for meeting your goals.
B) Understand the personal financial planning process.
C) Acquire the necessary decision-making skills and tools.
D) Build wealth and protection against emergencies.
Correct Answer:
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Q1: Personal finance is a specialized area of
Q2: Critical to the success of building a
Q4: An effective financial plan must be adaptable
Q5: Personal financial planning does not include which
Q6: Which is not a necessary activity in
Q7: Which is not a necessary activity in
Q8: Which is not a necessary activity in
Q9: As you build your financial plan, you'll
Q10: If your _ are larger than your
Q11: A person's fundamental beliefs concerning what is
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