Glossary

Financial Planning

DEFINITION

Financial planning is the process of creating a strategy to reach long-term measurable financial goals after carefully reviewing your current financial position.

ELI5

It is like making a money roadmap. You look at where you are now, decide where you want to go, and plan the steps to get there.

Other related terms

Medical Insurance

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Emergency Fund

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Loan-to-Value (LTV) limit

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Endowment Insurance

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