Personal Finance 1st Edition by Jack R. Kapoor

Exercise 17

1. What are examples of long-term goals?

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2. What are the five main characteristics of useful financial goals?

Action Application Ask friends, relatives, and others about their short-term and long-term financial goals. What are some of the common goals for various personal situations?

Step 1 of 2

1.

Some examples of long term goals are as follows:

• Retirement.

• Money for children’s college education.

• Purchase of a vacation home.