What is asset acquisition planning? Asset acquisition planning is one of the earliest financial activities you undertake in life. It involves the purchase of, including tangible and financial assets, liquid assets, investments, and personal and real. Financial assets areandare held either to consume and use or to generate a return or income as an investment. An example of personal property is. In general, the cost and value of your tangible, personal, and real assets tend towith your age 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. What are liability acquisition planning and insurance planning? Liability acquisition planning addresses how you are going to pay for your asset purchases using liabilities, ormoney. In general, your borrowing needs tend toas you acquire additional and/or more expensive assetsInsurance planning, on the other hand, provides a way ofyour financial risks andyour income and assets. Improper insurance planning can be expensive and can lead to unprotected possessions. of liabilities is that, by law, the money be repaid. 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 isfund, which should containmonths' worth of income. The purpose of most long-term savings activity is to accumulate funds for. In general, it is desirable tothe return earned on your invested funds (assuming you are not significantly increasing risk), to earninterest on your funds, and tothe fees associated with the amounts.