Part I: Analysis and Goal Setting Conduct a life goals analysis as a basis for setting meaningful financial goals for accomplishing them. Once you have an idea of where you want to go, you will be in
Part I: Decomcompose and Goal Setting
Conduct a identicality goals decomcompose as a account for enhancement meaningful financial goals for terminateing them. Once you possess an purpose of where you failure to go, you get be in a reform comcompose to intent how to get there.
In 250-500 signification, demonstrate what important identicality goals you failure to terminate and why, including the station to which you forecast to possess them polished 10 years from now. Again, suppose you possess already set your 1-year and 5-year financial goals.
Next, evaluate, but do not introduce, your ordinary financial comcompose by assessing your proceeds, expenses, goods, and liabilities.
Using the instruction you possess collected so far, transcribe a 500-750 message decomcompose explaining how you fast your identical financial goals. Your decomcompose should terminate the following:
- Identify those parts of the financial intent that fit your goals (e.g., Liquidity, Retirement).
- Identify two to five financial goals that are peculiar, measurable, attainable, realistic, and opportune. Include the factors you considered to set your goals. For development, delineate the role your identical financial announcement and pit subterfuge played in informing your goals.
Include peculiar terminology and concepts from your classroom readings, such as factors imposing capital flows, forecasting, budgeting, etc.
Support your decomcompose and goals by citing three to five references
Part II: Implementation Intent and Rationale
Write a 500-750 message tabulation in which you delineate the practices you get utensil to train your identical financial intent and confront your goals. There are the six important components of financial intent: Planning Tools, Managing Liquidity, Financing (Loans Large and Small), Protecting Your Wealth ( Goods and Income-Insurance Options), Investing Your Money, Planning Your Retirement and Estate. Provide an sense of why your utensilation intent for managing the six components and confronting your identical dallying goals get be conducive. Discuss ways to assess whether or not your goals possess been met.
Include peculiar terminology and concepts from your classroom readings, such as timeline, law statute, missing hinderance, etc.