CFEP 6 Financial Planning (S-416-CFEP)

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Financial literacy

CFEP 6 Financial Planning (S-416-CFEP)

Description

Content

Overview
Section 1: Three-Step Planning Method and Examples
Three-Step Planning method and examples
Three-Step Planning method
How to manage with a roommate
How to deal with the financial matters of a significant other
What to do before signing a lease
Section 2: A Comprehensive Financial Plan
Comprehensive financial plan
Planning components and factors
Wealth-accumulation goals
Wealth and net worth
Ways to acquire wealth
Section 3: Professional financial help
Professional financial help
Selecting a professional adviser
The attorney’s role
A financial planner
A tax adviser plus an accountant
Section 4: The Cash-Management Plan
The Cash-Management Plan
Monthly income – cash inflow
Monthly expenses – outflow to various payments
Monthly Expenses — Variable Expenses
Monthly expenses – fixed expenses
Comparative monthly cash-flow statement
Exercises
Section 5: Investment and Insurance Plan
Investment and Insurance Plan
The role investing plays in financial planning
Active versus passive investing strategies
Insurance plan
Section 6: Education Plan and Retirement Plan
Education Plan and Retirement Plan
Education plan
Retirement plan
Section 7: Net-Worth Statement
Net-Worth statement
Assets
Liabilities
Exercises
Section 8: Estate Planning
Estate Planning
A will
Trust
Estate plan
Section 9: Planning Through the Life Cycle
Planning through your life cycle
Phases of a life cycle
The early years
Maturing phase
Retirement stage
Gifting and estate phase
Summary and Final Exam
Key aptitudes
Concepts
Financial Planning Test

Completion rules

You must complete the test "Financial Planning Test"
Leads to a certificate with a duration: 1 year

Prerequisites

CFEP 0 Enroll (Start)

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