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CHAPTER 1: Introduction to Tax, COMPONENTS OF PERSONAL FINANCIAL PLANNING,…
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FUNDS
Financial Market
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FUNDS
Providers (savers, investors) of funds earn interest and dividends for the funds they provide
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Financial Intermediaries
FUNDS
Users (borrowers, spenders) of fund pay interest and divided for the funds they use
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- Determine current financial situation
- Develop your financial goals
- Identify alternative courses of action
- Create and implement your financial action plan
- Review and revise the financial plan