Tag Archives: assets

Mathematics of Financial Planning

Financial Planning involves the following calculations: A sum of the assets as well as liabilities of the client. The difference is the net worth of the client. A sum of the income less expenses of the client on an annual basis. This figure gives us the potential savings the client can make. Time value of… Read More »

Six Steps in the Financial Planning Process

Financial Planning is an essential process that individuals and families must go through at least once every year. It involves a thorough analysis of the present and future monetary needs of the client. The planner must also possess the following attributes: Logical mindset Emotional objectivity Mathematical proficiency Ability to make reasonable projections about the future… Read More »