Students need to describe the situation of the interviewee and develop a financial plan by applying the principles covered in this course.

INSTRUCTIONS TO CANDIDATES

ANSWER ALL QUESTIONS

Individual Assignment

Students need to describe the situation of the interviewee and develop a financial plan by applying the principles covered in this course.

The report should consist of the following sections:

1. Introduction (20 marks)

Students need to interview an interviewee who fall between 22 to 65 years old with his or her financial condition clearly (current saving plan, insurance plan, investment plan and others relevant information). To support your explanation, students’ needs to include the interviewee’s monthly personal income statement and balance sheet for June 2020.

2. Goals (25 marks)

Students are required to determine the targeted financial goals for short term, intermediate and long term based on interviewee financial situation.

3. Financial strategy (40 marks)

A detail list of strategies for achieving life and financial goals should be designed by using the principles outlined in this course. Identify the alternative courses of action which could achieve the goals above. Students can include calculation for the courses of action with taking into consideration of the period used to achieve the goals. All information provided in this section should be based on the current rate and real financial products in the market.

The financial strategies MUST include:

- Saving plans

- Insurance planning

- Investment planning

If the interviewee had the existing plans above, you may compare the existing plan with the real financial products in the market. After that, you may recommend whether to withhold the existing plan or select the new plans.

4. Conclusion (10 marks)

Discuss the importance of personal financial planning in our life. Use journals/books/articles to support your discussion.

5. Reference, language grammar and spelling: (5 marks)

- use present tense,

- cite any direct quotes or paraphrase from the article,

- show appropriate use of grammar,

- check spelling,

- the citation should follow APA style.

Attachments:

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