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What Is The First Step In Financial Planning Brainly : Brainly Homework Help And Solver Phone Number - A proper analysis consists of five key areas, each containing its own set of data points and this is what remains for reinvestment into your business and for distribution to owners in the form of dividends. . It also gives you a strategy that you can follow step by step for growth and business expansion. The real risk for financial advisors, however, is accepting the status quo, and doing. Financial planning is planning your finances right, that's the key of financial planning. Oberoi said that there are six steps to financial planning. In the first step of the financial planning process, you will determine your current financial situation with regard to income, savings, living expenses, and debts. (1) determining your current financial situation. The first step is to be aware of all receipts and all expenses, that is, write down how much you get. It also gives ...