Q275
Which of the following is incorrect?
A.
Financial planning is for wealthy individuals only
AnswerB.
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
Answer: Option A
Solution:
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.