7819641
Description
Mind Map by Time for Business by Edco, updated more than 1 year ago
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Created by Time for Business by Edco
over 7 years ago
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Financial
Planning for
Your Future
- What is a personal financial life cycle?
- Series of stages a person goes
through during his/her life
- Needs and wants change over time
- Ongoing process
- Series of stages a person goes
through during his/her life
- Key financial planning
- Income & expenditure (budgeting)
- Risk management planning (insurance)
- Taxation planning
- Saving & investment planning
- Retirement planning (pension)
- Estate planning
- Income & expenditure (budgeting)
- Factors that affect financial planning
- Employment status
- Age
- Number of dependents
- Health status
- Economic outlook
- Marital status
- Employment status
- Life stages
- Birth to teens
- Teens
- Twenties
- Thirties
- Forties
- Fifties
- Sixties
- Retirement
- Birth to teens
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