What Is the First Step in Setting the Foundation for Your

question 43

Multiple Choice

What is the first step in setting the foundation for your financial plan?

• A)Understanding your values and goals
• B)Understanding your current relationship with money
• C)Identifying your current relationship with money
• D)Establishing your mission statement

---

Definitions:

Retrieval

The method of bringing forward and becoming aware of data kept in memory.

Storage

Holding on to information for some period of time.

Decay Theory

A theory suggesting that memories fade over time due to the mere passage of time, leading to forgetting.

Forgetting

The inability to recall or retrieve information that was once stored in the memory.