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This question belongs to Commerce Insurance

Insurance

?

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 & Solution

Correct Answer: Option A

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.

Question posted by Examveda

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