What do Financial Planners do? Would you consider hiring a Financial Planner? How important are ethics when working with a financial planning professional?

Explain the concept of return on investment. When considering your financial future, when will you have to consider a return on your investments?

Explain risk versus reward related to your personal financial goals.

What is a cost/benefit analysis? Describe how a cost/benefit analysis impacts your financial plan as you consider your future.

Explain how savings and investing are impacted by the time value of money.

What are interest rates?

What does the term "time value of money" mean?

What is the relationship between interest rates and time value of money?

2.

What is the goal? (what do you ultimately want to do with this money)

What is your time frame? (when will you need to access these funds)

What is your risk tolerance? (where do you fall on the risk continuum from conservative > some risk > above average risk > aggressive)

What type of investment(s) are appropriate for helping you reach your goals?

If you can average 8% annual rate of return on the $100,000, how much would you have when you turn age sixty-five?

3.

Did you look at multiple solutions to the problem?

What relevant information about the problem did you gather in order to make your decision?

What factors contributed to your choice?

Are you willing to make adjustments or revise your decision if outcomes are not attained?

How will this choice ultimately affect your monthly personal budget and any short term/long term budgetary goals that you may have set for yourself?