the five step financial planning process is to establish goals, gather and analyze financial information, develop the financial plan, implement the financial plan and then to monitor the financial plan. if a plan falls apart, at which stage is it most likely to do so why?

a. establish goals because most individuals are uncertain how to do time value of money calculations

b. gather and analyze financial information because the average investor is too disorganized and does not know the common ratios

c. develop the financial plan because this is often very time consuming

d. implement the financial, because it can be uncomfortable to stick to a budget that allows for the savings required to meet goals

 

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