Question

When should financial planning ideally begin?

a.

After accumulating significant wealth

b.

When one earns the first salary

c.

After reaching retirement age

d.

When facing financial distress

Posted under IC38 Life Insurance Agent Exam

Answer: (b).When one earns the first salary Explanation:Financial planning should ideally begin when one earns the first salary. There is no specific trigger point, but starting early is important as it allows investments to benefit from a longer time period, leading to better outcomes. Financial planning is not limited to the wealthy and is essential for everyone.

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Q. When should financial planning ideally begin?
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