Question

In: Finance

Summarize how financial goals follow from one’s values.

Summarize how financial goals follow from one’s values.

Solutions

Expert Solution

Financial goal are always following with the value of a person because goals can be formulated by anyone but the result of those financial goals will only be obtained through regular disciplines processes of following of higher discipline in every aspect of the life because the individual should be trying to focus upon achievement of those financial goals by being very time specific and he should be very disciplined in his approach.

For example, a disciplined person who is always highly focused upon controlled expenditures and increase of regular income will be achieving his goals in advance and time bound manner whereas a careless person who is not following with disciplined approach of investment will be losing out on his investment and he will not be able to achieve with the desired goals and objective within a specified period of time.

Hence, goals are always embedded with the values of a person and if the values and ethics of the persons are very high and he will be believing upon achievement of those goals within a specified time by following a disciplined approach of investment then he will be able to obtain with the output as desired.


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