I need help with a Accounting question. All explanations and answers will be used to help me learn.
Develop a personal financial plan detailing the financial goals that you and/or your family have developed. Include:
- Analyze your personal financial situation using appropriate financial tools.
- Identify short-term, mid-term, and long-term goals. Rank your goals in order of importance as they relate to the financial resources available and expected. Estimate the financial commitment for each goal.
- Consider all factors we have covered in class, including budgeting, time value of money, asset protection, debt/credit, savings, investing, and estate planning.
Incorporate the first two stages to complete the development of the financial plan. This is the capstone assignment of this class, so careful preparation is needed to illustrate concept understanding and application.
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