Choose wisely. There is only one correct answer to each question.
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1.
A financial goal that you set might fail because it was _______.
Any of the above. These are all things that sabotage ones efforts. Thats why clear goal-setting is needed.
2.
An investment plan for an upcoming expense typically calls for a different approach than does planning for an expense several years down the road.
True. The difference in time horizons allows for different investment approaches.
3.
To keep on track with your financial goals, you can measure them periodically.
True. With a measurement system, you can adjust the way you are funding them.
4.
If you set a financial goal and it fails, what could be a reason why it failed?
Any of the above. A goal could fail for any of these reasons.
5.
Saving tiny amounts of money periodically is a nice idea, but is not practical.
False. Saving small amounts periodically can be done by setting them aside and putting them into a savings or investment account, and they can grow substantially over many years.