ASSIGNMENT 1 Revise Your Financial Plan 1. Establish your financial goals. . What are your short-term financial goals? .

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Assignment 1 Revise Your Financial Plan 1 Establish Your Financial Goals What Are Your Short Term Financial Goals 1 (65.04 KiB) Viewed 19 times

ASSIGNMENT 1 Revise Your Financial Plan 1. Establish your financial goals. . What are your short-term financial goals? . What are your intermediate-term financial goals? • What are your long-term financial goals? 2. Consider your current financial position. • How much money do you have in savings? . What is the value of your investments? . What is your net worth? 3. Identify and evaluate alternative plans that could achieve your goals. • How can you obtain the necessary funds to achieve your financial goals? . Will you need to reduce your spending to save more money each month? Will you need to make investments that generate a higher rate of return? 4. Select and implement the best plan for achieving your goals. . What are the advantages and disadvantages of each alternative plan that could be used to achieve your goals? 5. Evaluate your financial plan. • Is your financial plan working properly? That is, will it enable you to achieve your financial goals? 6. Revise your financial plan. • Have your financial goals changed? • Should parts of your financial plan be revised to achieve your financial goals? If so, how? 7. Create Planned Personal Cash Flow Statement 8. Create Planned Budget 9. Personal Planned Sheet .