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Finance 1.03

SMART Goals

TermDefinition
Goal Something you can achieve in the future.
Financial Planning A Solid plan of how you are going to spend your money.
Financial Goal Something you can achieve with money or how much money you want to achieve.
Short-Term Goal A goal that is achieved less than a year
Long-Term Goal A goal that takes more than a year to achieve.
Trade-Off Giving up something or taking risks for a goal.
Opportunity Costs What other options could had been done and if the goal was worth it.
Created by: Tou Xiong
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