• The first step toward establishing financial direction is the development of a financial mission.

A. True B. False

• The paradoxical thinking phase is the initial phase of a clients thinking process when setting financial directiona client focuses on accomplishing one particular goal or narrow objective using a very compartmentalized, simplistic, self-designed financial plan.

A. True B. False

• The third phase of a clients thinking process, where a client becomes aware of the consequences of financial actions and understands how day-to-day savings and consumption decisions affect a financial plan, is called the linear-thinking phase.

A. True B. False