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How to Get What You Want in Life. Some people make things happen, some watch things happen, while others wonder what has happened. zzzz Unknown. Financial Goals Give Us :. Organization Direction Decision-making Control Predictions. $MART Goals $ Specific M Measurable, Mutual,
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Some people make things happen, some watch things happen, while others wonder what has happened. zzzz Unknown
Financial Goals Give Us: • Organization • Direction • Decision-making • Control • Predictions
$MART Goals $ Specific M Measurable, Mutual, Motivated A Attainable R Relevant, Realistic, Resources, Review Revise T Time-Line, Trade-Offs
Goal Setting Write it down. Written goals transform: wishes into wants, cant's into cans, dreams into plans, and plans into reality Don’t just think it - ink it! Barb Wingfield
What does money mean to you? Satisfaction Status Power Success Envy Security Control
10 Top Money Mistakes That Waylay Young Adults? 10. Do not save. 9. Long-term new car loan. 8. Purchase large life insurance policy before needed. 7. Do not comparison shop for insurance. 6. High use of credit cards. 5. Large debt for too many years. 4. Overlook joining a credit union. 3. Purchase overpriced credit life and disability insurance. 2. No contributions to a tax-deductible retirement plan. 1. Do not finish post-secondary education. Source: Garman, E.T. and Forgue, R.E. (2005). Personal Finance.
Compare The Difference Monthly Payment $253.93 X 60 = $15,235.80 Save per Month $147.05 X 60 = $ 8,822.79 $ 6,413.01 More
What are you aiming for?Is the goal . . . . Possible? Worthwhile? Your Choice? Specific? Reachable by a Target Date?