Question: Explain why financial plans must be psychologically as well as
Explain why financial plans must be psychologically as well as economically sound. What is the best way to resolve money disputes in a relationship?
Answer to relevant QuestionsExplain why it is important to set realistically attainable financial goals. Select one of your personal financial goals and develop a brief financial plan for achieving it.“There’s no sense in worrying about retirement until you reach middle age.” Discuss this point of view.Discuss the need for career planning throughout the life cycle and its relationship to financial planning. What are some of your own personal career goals?What are the two types of personal financial statements? What is a budget, and how does it differ from personal financial statements? What role do these reports play in a financial plan?Describe some of the areas or items you would consider when evaluating your balance sheet and income and expense statement. Cite several ratios that could help in this effort.
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