How many people/families use a financial planner vs how many “do it on their own”? And...

How many people/families use a financial planner vs how many “do it on their own”? And if you can find it, why they decided on that approach?

Expert Solution

Answer--According to the survey of different autonomous organisation, it is estimated that in United States of America around 17% people /families use a finanical planner where as almost 75 % of people and families do it on their own and rest of the people and families use other sources for financial planning.

People / families use a professional finanical planner for the better utilization of their income because fianancial planner plans every cost and expenses by families according to their income .Financial planner also decides how much to save for future needs and how much to invest for the return .They also helps famlies to decides in which sectors of investment can result in the high return.

As directed by the survey, most of the peoples and families in United States plan their financial decisions by their own,in which family and peoples are independent to take decisions without any pressure of planners and all.In this type of decisions peoples and families decides how much to save and how much to invest for future return by their own rational thinking.

Rahul Sunny answered 2 years ago

How and why do people issue their own money, and how do they come to be...

How and why do people issue their own money, and how do they come to be used in an economy? Why don’t governments like private issues of money, or even foreign currency, being used in their countries, and try to monopolise the issue of domestic money?

Many people need a car to get to work, take care of their families, live their...

Many people need a car to get to work, take care of their families, live their lives. But obtaining an auto loan can be difficult for those with a bad credit rating. Some finance companies are now willing extend credit to people who are poor risks. On one condition: the company can install on the car tracking software that has the ability to disable the ignition if the debtor misses a payment. This procedure has left drivers stranded oh highways...

Pretend that you are your own financial planner and write a one to two page double...

Pretend that you are your own financial planner and write a one to two page double spaced letter to yourself addressing at least two of the three learning goals of this lesson. Learning Goals 1. Identify opportunities and challenges related to your cash inflows and outflows and make recommendations to assist yourself in meeting your current needs and long-term financial goals. 2. Explain the need for liquid assets and emergency funds and recommend strategies for accumulating the appropriate levels of...

Many people find that when they study economics, it alters how they think about their own...

Many people find that when they study economics, it alters how they think about their own decisions, social and political issues, and the behavior of others. How Have the concepts of microeconomics altered how you view the world? What concepts have had the most significant effect on your views? What concepts have you found to be less relevant to you?

Asks the user "How many parrots do you own?" 2: Reads in that many single...

Asks the user "How many parrots do you own?" 2: Reads in that many single word names (one for each parrots) from the user and stores the names in an array. 3: After the user has finished entering names, the program should display the list of all the parrots the user entered. 4: then display the parrots in alphabetical order for part 3. Note: string objects can be compared with the “<” operator, which will determine if a...

Any family is really many families as it changes over time. Consider how families typically change...

Any family is really many families as it changes over time. Consider how families typically change as people move through the life course. What are the major traits of family life beginning with courtship, settling in to marriage, child rearing, and later life? What special opportunities and challenges can you see in each stage?

In your own words, why do so many at-risk people not get tested for HIV? Who...

In your own words, why do so many at-risk people not get tested for HIV? Who should get tested? What are some legitimate reasons for not being tested? What would students do if they were tested and found to be positive: who would they tell, what would they feel, what would they do about treatment, how would their family react, and how would their sexual partner(s) react?

Many people use the terms team and group synonymously. When working in healthcare, do we use...

Many people use the terms team and group synonymously. When working in healthcare, do we use teams or groups? What makes a group a team? In the first portion of your initial post, present a hypothetical medical situation which describes the difference between a team and a group. For example: In a clinic setting, a group is the 10 patients that are sitting in the waiting room waiting to be seen, but a team is the office staff that support...

Long vs. short hedge, how to conduct them? Which contract to use? How many contract should...

Long vs. short hedge, how to conduct them? Which contract to use? How many contract should be used? How to calculate net price received/paid by hedging? Payoff compared to not hedging?

Give a few examples of how probabilistic reasoning goes astray for many people. Why do many...

Give a few examples of how probabilistic reasoning goes astray for many people. Why do many people have a difficult time thinking in probabilistic terms? Think about the fact that about half of all marriages end in divorce... so why do people still get married? (don't need to answer that question, rather, why do we continue to ignore statistics when making decisions)?

Question