FIN2602 Personal Financial Management
University of South Africa
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FIN2602-notes. Summary
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---71november 20212021/2022
- Study unit 1: Personal financial planning 
What is meant by financial independence? 
Such independence does not mean that an individual must have accumulated great 
wealth over his or her lifetime, but in fact means that the retired person will not be 
dependent on the state, family or friends for survival. Such a person should also not 
have to continue working after retirement, but should be able to survive financially 
by virtue of his or her investments made over a lifetime 
Uncertainty is c...
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$3.89 Meer Info
lectdenis
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Samenvatting
FIN2602-notes. Summary.
-
---71november 20212021/2022
- Study unit 1: Personal financial planning 
What is meant by financial independence? 
Such independence does not mean that an individual must have accumulated great 
wealth over his or her lifetime, but in fact means that the retired person will not be 
dependent on the state, family or friends for survival. Such a person should also not 
have to continue working after retirement, but should be able to survive financially 
by virtue of his or her investments made over a lifetime 
Uncertainty is c...
-
$3.99 Meer Info
LOVELY01
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Samenvatting
FIN2602___Notes BEST FOR EXAM.
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---86november 20212021/2022
- Learning outcomes 
STUDY UNIT 1- Personal Financial Planning pg 4-6 
1. Explain the importance of personal financial planning 
2. Recognise their position in the financial planning cycle 
3. Identify the different steps in the personal financial planning process 
4. Explain the advantages of personal financial planning 
5. Recognise the different personal financial planning areas 
STUDY UNIT 2- the measurement and assessment of personal financial performance pg 6-9 
6. Assess annual financial st...
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ExellentStudyResources
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Tentamen (uitwerkingen)
FIN2602-Multiple-Choice-Verified Q AND A.
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---22november 20212021/2022A+
- Personal financial planning 
Financial independence means … 
[1] great wealth. 
[2] you are dependent on the state for a pension. 
[3] you are dependent on family members to survive financially. [4] 
you are able to survive financially on your own investments after retirement. [5] 
you do not have to continue working after retirement. 
Which of the following statements are correct? 
(a) Personal financial management is the field of study that affects all people. 
(b) Personal financial managem...
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LOVELY01
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Tentamen (uitwerkingen)
FIN2602_Multiple_Choice_Question AND ANSWERS
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---22oktober 20212021/2022A+
- FIN Multiple Choice Questions 
Personal financial planning 
Financial independence means … 
[1] great wealth. 
[2] you are dependent on the state for a pension. 
[3] you are dependent on family members to survive financially. [4] 
you are able to survive financially on your own investments after retirement. [5] 
you do not have to continue working after retirement. 
Which of the following statements are correct? 
(a) Personal financial management is the field of study that affects all people. ...
-
$3.99 Meer Info
lectdenis