1) What is the process of financial planning ?

2) What are some examples of both internal and external data items that are collected as part of the "understanding the client's personal and financial circumstances" or data gathering as part of the financial planning process ?

3) What are the three general schools of thought for counseling ? Discuss each of them.

4) Based on their premises, compare and contrast Traditional Finance from Behavioral Finance .

5) What may be the reasons why someone can buy lottery tickets and insurance at the same time ?

6) What are the differences between discretionary and non-discretionary cash flows ?

***All parts to the discussion questions should contain at least 5-6 complete sentences reflecting substantive content.