The three components that make up a financial plan are

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All three components - strategic plan, investment plan, and financing plan - are essential for creating a comprehensive financial plan. The strategic plan involves setting financial goals and outlining the steps necessary to achieve them. The investment plan outlines how a person will invest their money to achieve the goals outlined in the strategic plan, and the financing plan outlines how they will obtain any necessary financing to achieve their goals. It is crucial to have all three components integrated into a cohesive financial plan.

The Three Components That Make Up a Financial Plan Are