Select the correct answer.

Which statement is true regarding financial planning?

A.
You should attach a cost to each goal so that you analyze the risks and rewards of reaching that goal.
B.
Your plan shouldn't change over time or you will not accomplish the goals you set.
C.
You should have a degree in finance before you can begin planning your finances.
D.
Long-term goals are more critical to accomplish than short-term ones, so they should be prioritized.

1 answer

The correct answer is:

A. You should attach a cost to each goal so that you analyze the risks and rewards of reaching that goal.