Question

Merely reading about personal financial planning is no guarantee of financial success. Which of the following activities also contributes to your financial success? Check all that apply. The development of an effective plan that is consistently applied until it is revised in accordance with changes in your goals and life Knowledge of what other average people belleve and how they behave, because they affect the same financial markets and economic conditions that affect you The development of personal financial goals and target dates that are consistent with your values, attitudes, and behaviors Self-awareness and knowledge of your own values, as well as attitudes and behaviors regarding money, spending, and saving Knowledge of the general condition and events occurring in the local, state, regional, national, and international economic environments Search SafeFinder 4 2 3 6

Answer 1

The correct answer is all the given options apply to achieve financial success. Financial planning is very important for earning return. An investor should develop the financial plan as per his needs. He should monitor the external environment continuously. It consists of the economic environment. Apart from this, the behavior of other investors in the market is also important.