Financial Planning - 錢家有道

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Financial The Chin FamilyThe Chin Family is an independent and impartial Financial education platform providing free information, resources and programmes. We help people in Hong Kong plan and manage their finances by making Financial learning simple and enjoyable. The Chin Family is managed by the Investor Education Centre, which is supported by the Education Bureau and all four Financial Is Financial Planning ? 2Common misconceptions about Financial Planning 3Why do you need a Financial plan? 4The Financial Planning Process 5Step 1 Assess your Financial situation 6Step 2 Create a budget 8Step 3 Set your Financial goals 11Step 4 Know your risk tolerance 17Step 5 Work out and implement a basic Financial plan 20Step 6 Regularly review and adjust your Financial plan 282A holistic Financial plan not only involves investing money and building your wealth; but also your credit and tax obligations, everyday spending, Planning for a family, setting up your home, saving for your children s education fund, and saving for retirement as well as protecting yourself and your family with suitable insurance policies and arranging your estate.

1 Contents What Is Financial Planning? 2 Common misconceptions about financial planning 3 Why do you need a financial plan? 4 The Financial Planning Process 5

  Planning, Financial, Financial planning