Give an example of a financial goal and explain how this goal meets each of the...

Give an example of a financial goal and explain how this goal meets each of the SMART criteria.

Expert Solution

One of the important financial goal is to " I want to be wealthier in 15 yaersy so I can be financially independent by saving $1000 per month.

This goal will be meeting the smart criteria

A. This goal is a specific in nature because the individual wants to be wealthier.

B. This goal is measurable as the measurement about reaching the goal is provided.

C. This goal is achievable as it can be done by saving

D. This goal is also relevant because it is related to the financial independence

E. This goal is time bound as well as it will take 15 years.

jeff jeffy answered 2 years ago

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