Introduction | II. The Internal and External Environment
A. Introduction
Environmental factors may affect how effective a financial plan is.
Christopher Columbus had an excellent idea as to where India was on the world map, but he did not expect a whole continent to be in between. A financial plan will only be as good as what is factored in the plan.
There are several environmental factors that can affect a family's financial plan:
- The economy
- The government
- Family issues
- Family events
- And much more
B. The Internal Environment
Family Events
Marriage
Divorce
Children
Death
Personal Business
Career
C. The External Environment
The Economy
Inflation
Interest Rates
The Government
Taxes
Monetary Policy
Fiscal Policy
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page revision: 5, last edited: 06 Feb 2016 19:07