The financial planning process includes five steps. Four of the steps are listed next: Analyze your current financial status. Implement your financial plan. Monitor your progress and revise your plan as needed. Organize your financial information and set short-term and long term goals. What is the missing step?

Understand the personal financial planning process.

Build wealth and protection against emergencies.

Acquire the necessary decision-making skills and tools.

Identify and evaluate alternative strategies for meeting your goals