Financial Resources, Financial Tools and Financial Goals are outcomes of Financial Planning. Do you agree with this statement?

No, I do not completely agree with the statement. While it's true that financial resources, financial tools, and financial goals are closely related to financial planning, they are not necessarily its outcomes.

1. Financial Resources: These are the funds that are available to a business for spending. This could be in the form of cash, liquid securities or credit lines. These are not an outcome of financial planning, rather, they are inputs that are necessary for financial planning.

2. Financial Tools: These are methods, procedures, and devices that a business or individual can use to achieve their financial goals. Examples include budgeting tools, investment tools, retirement planning tools, etc. These tools are used during the financial planning process, they are not an outcome of it.

3. Financial Goals: These are the objectives set by an individual or a business that they want to achieve through their financial plans. These goals are what guide the financial planning process, they are not an outcome of it.

In conclusion, financial planning is a process that uses financial resources and financial tools to achieve financial goals. So, these are components of financial planning, not outcomes. The outcomes of financial planning could be things like financial security, achieving set financial goals, growth in wealth, etc.