Ch.1- Personal Finance Planning- From Point A To Point B

Question 0

1. Values

Answer 0

What you truly care about, what drives and motivates you to do what you do.

Question 1

The Franklin planning process

Answer 1

Looking at planning, checkoff when done with task.

Question 2

2. Long range goals

Answer 2

What the value looks like, when you know you have your values.

Question 3

3. Mid range goals

Answer 3

Landmarks that show you’re getting to your long range goals. “If you’re here you’re almost there”.

Question 4

4. Short term goals

Answer 4

Smaller goals to complete in a short time, that will help you get to your long term goal.

Question 5

5. Weekly/ monthly plan, to do list.

Answer 5

What you need to get done on a weekly basis “this will get you to that short term goals (repeatable)”

Question 6

6. Daily tasks

Answer 6

What you need to complete on a daily basis, behaviors and habits that make it possible to hit all of the higher goals.

Question 7

Rules for setting goals

Answer 7

(3 rules to follow) - realistic, specific, clear time frame.

Question 8

1. Realistic

Answer 8

Set goals you can work on, that you can realistically complete.

Question 9

2. Specific

Answer 9

Know what you want to complete, what goals you are trying to reach, and why.

Question 10

3. Clear time frame

Answer 10

Have a set time line with a limited flexibility (according to the goal).