COMMERCE 4FP3 Lecture Notes - Lecture 1: List Of Fables Characters, Opportunity Cost, Tax Avoidance
25 Sep 2016
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The process of planning your spending, financing, and investing activities, while taking into account uncontrollable events. A plan that specifies your financial goals and describes the spending. The earlier you start, the better off you are as you go along. What to give up to get things done. Commission planners receive fees from sellers of the products, usually investments and insurance. Fee-based combine commissions with fee from client. Fee-for-service client pays hourly fee for advice, planner receives no commissions. Do not want all the eggs" in your network to have a relative relationship (not to go up or down at the same time) 40% of people choose not to retire fully. Developing the financial plan: establish your financial goals, ensure they are specific, measurable, realistic and timely. Identify and evaluate alternative plans: consider your current financial position. 3: select and implement the best plan, evaluate your financial plan, revise your financial plan.
