What is asset acquisition planning? Asset acquisition planning is one of the earliest financial activities you undertake in life. It involves the purchase of property , including tangible and financial assets, liquid assets, investments, and personal and real Personal property are income as an investment. An example of personal property is and are held either to consume and use or to generate a return or In general, the cost and value of your tangible, personal, and real assets tend to income, and wealth, all other things remaining constant. The value of your financial and liquid assets, on the other hand, tends to be a function of economic conditions and your investment returns with your age, What are liability acquisition planning and insurance planning? Liability acquisition planning addresses how you are going to pay for your asset purchases using liabilities, or money. The In general, your borrowing needs tend to Insurance planning, on the other hand, provides a way of of liabilities is that, by law, the money be repaid as you acquire additional and/or more expensive assets your financial risks and your income and assets. Improper insurance planning can be expensive and can lead to unprotected possessions What is savings and investment planning? Savings and investment planning considers the type and characteristics of the investment vehicles used to generate future investment income and returns, using both previously accumulated income and unspent income from the current period One of the first savings accumulations recommended by financial advisors is contain fund, which should months' worth of income The purpose of most long-term savings activity is to accumulate funds for In general, it is desirable to significantly increasing risk), to earn with the accounts the return earned on your invested funds (assuming you are not interest on your funds, and to the fees associated