Which of the following is incorrect?

A. Financial planning is for wealthy individuals only

B. A disciplined approach and dedicated savings are necessary

C. An unplanned impulsive approach could spell financial distress

D. An investment should suit one's risk appetite

Answer: Option A

Solution(By Examveda Team)

Financial planning has nothing to do with how much money you already have. Financial Planning is a process achieving your financial life goals by aligning your finances with them. It means that you create a roadmap for your life which includes your goals.