YOUR PERSONAL FINANCIAL PLAN Decisions that managers make are very similar to pe

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YOUR PERSONAL FINANCIAL PLAN
Decisions that managers make are very similar to personal finance decisions where you analyze the costs and benefits of each decision. You are practicing self-management skills when you apply personal finance techniques. You can utilize these skills whether working for others or starting your own business. You might also decide to pursue a career in finance.
Build an overview of your own personal financial plan – there are six steps to it. They are listed below:
(1) Establish your financial goals.
(2) Consider your current financial condition.
(3) Identify and evaluate alternative plans that could achieve your goals.
(4) Select and implement the best plan for achieving your goals.
(5) Evaluate your financial plan.
(6) Revise your financial plan.
Write up a 2-page summary of a map of your financial plan using the above six steps for (5 points) of the financial self-assessment grading component.

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