A good financial plan should be Specific, Measurable, Attainable, Realistic and Timely. In life, failing to plan is equal to planning to fail and you have got to put your things in the right basket to be successful. With the case of Alice even though she had plans to live a debt free life in the future, if her plans are an illusion then it is definitely not going to happen and she needs more than just an idea to let it happen for her. Now let’s justify her case using the S.M.A.R.T model.
1. Specification, in order to get what you want out of something you need to be specific. For instance, if you move into a clothing store to get a new suit, you are literally not going to get every suit been hanged in that boutique but 1 or 2 of them and without pointing out nobody will know what you are actually after and the same goes with making proper decisions for our life. Alice was specific at what she wants to achieve; she wants to pay off her student loan, buy a house and save for her children’s education, accumulate assets, retire and travel around the world in a sail boat. She had a clear vision that needs to be established and that is what she is going after.
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Her Plans needs to be ‘Measurable’. Alice needs to get something done and in order to achieve them she has to know what, when, where, and how to do it to keep her on track. Alice was able to quantify her decisions into monetary terms and the number of years set to make this dreams real to achieve her short term and long term goals. She needs to know when to use her resources “Within the next decade, she foresees having a family; if so, she will want to purchase a house and perhaps start saving for her children’s educations” (Personal finance, P 12, ENGL1103TextbookBusComForSuccess_2 retrieved from ) It is actually clear that Alice has a measurable vision and so should every good financial plan
The author of this book, Dave Ramsey, is a man who has gone through many struggles in his life. Throughout his book he talks about the times when he went bankrupt and couldn’t provide for his family. Dave Ramsey sat down and wrote a plan on how to be smart with your money. Ramsey says, “The principles are not mine. I stole them all from God and your grandmother” (xi). He talks about how these are not new ideas and that these are not theories because they are proven to work every single time. The central concept of this book is to help people succeed in life with money but also their personal relationships. Ramsey wants to give people hope and happiness by playing a small role in their financial freedom.
The Articles of Confederation is often described as the country’s first constitution. Weaknesses in the Articles of Confederation led to the U.S. Constitution. For example, under the Articles there was no separation of powers. Also, Congress did not have the ability to fund, so the country’s finances were never in order. The Founding Fathers built upon and improved the Articles of Confederation for the U.S.
In David Bach’s book The Automatic Millionaire, he reveals to readers a plan that could help them prosper in life financially and retire early without any financial stress. In the first chapter of his book his introduces to us the McIntyres, a normal married couple looking to retire early. After talking to the couple, Bach discovers that this is no regular couple financially. He finds out that this couple owns two homes without any mortgages, have absolutely no debt and have a net worth of almost two million dollars. He then investigates why this is so. He finds that the McIntyres have some guidelines that help them. They have goals instead of budgets, they pay themselves first, watch their latte factor or spending and make their savings automatic.
People should be in control of their own plans and the planning process is a key way of ensuring that they are at the centre of any support provided.” (Nolan, 156)
This course provides an overview of the elements necessary for effective personal financial planning and the opportunity to apply the techniques and strategies essential to this understanding. Primary areas of study include creating and managing a personal budget, understanding and paying taxes, working with financial institutions, wise use of credit cards and consumer loans, financing automobiles and homes, and the use of insurance for protecting one’s family and property.
Historically the Junction Triangle and Bloordale area was a very industrialized place, with many factories and rail lines running through it. Nowadays most of the factories are gone but the rails remain. The biggest issue going on there is Metrolinx’s proposal for the Davenport Grade Separation, which is an examination of possible solutions to the Davenport Diamond, which is the biggest train track intersections in North America. The current plan is an overpass that will run along Davenport road. The intention is to bypass the freight line that runs parallel to Dupont street, this will remove a key bottleneck in transportation. Many folks in Junction Triangle have purchased properties which had relatively low property value, partially due to
Planning is an important action that that everyone who has goals should do, because planning will help people reach goals if they properly prepare to reach their goals. For example, when I was in high school one of my goals was to go to college, so I started planning the steps I needed to take to get to where I wanted to be. I started planning the things I needed to do such as get good grades, volunteer, apply for scholarships, and attend college. Because I already had a plan in mind and knew the steps I needed to take, it was easy to meet my goal, but if I had not planned for my future, then most likely
Upon falling into the quantum wonderland while in her living room, Alice finds herself faced with a new reality of existence that seems to baffle her. She is first met with some strange-looking dweller of the new and vastly strange wonderland that she could not make out. She politely introduces herself as Alice, thereby invoking a response from her companion to the effect that it was an electron. Alice also noted that nearby was another similar looking figure to the electron, to which the new acquaintance explained was a different electron.
Lewis Carroll’s Alice’s Adventures in Wonderland is a story of a young girl’s journey down the rabbit hole into a fantasy world where there seems to be no logic. Throughout Alice’s Adventures in Wonderland, Alice experiences a variety of bizarre physical changes, causing her to realize she is not only trying to figure out Wonderland but also trying to determine her own identity. After Alice arrives in Wonderland the narrator states, “For this curious child was very fond of pretending to be two people” (Lewis Carroll, Alice’s Adventures in Wonderland 12). This quotation is the first instance that shows Alice is unsure of her identity. The changes in size that take place when she eats or drinks are the physical signs of her loss of identity.
eroded with increased price competition as a result of the entry. The RTE market has
Braylin Nickoles Sanders Chemistry Alice In Quatumland Key idea 2: Alice wonders far away into chapter 4, Where she finds “the Copenhagen School”. The Copenhagen school appears to be a school built upon theories of what the Copenhagen Interpretation theory is. The Copenhagen theory states that a quantum particle doesn't exist in one state or another, but in all of it's possible states at once.
Alice in Wonderland by Lewis Carroll endures as one of the most iconic children 's books of all time. It remains one of the most ambiguous texts to decipher as Alice 's adventures in Wonderland have created endless critical debate as to whether we can deduce any true literary meaning, or moral implication from her journey down the rabbit hole. Alice 's station as a seven year old Victorian child creates an interesting construct within the novel as she attempts to navigate this magical parallel plain, yet retain her Victorian sensibilities and learn from experience as she encounters new creatures and life lessons. Therefore, this essay will focus on the debate as to whether Alice is the imaginatively playful child envisaged by the Romantics, or a Victorian child whose imagination has been stunted by her education and upbringing.
In the article, Advisors Involved in Financial Planning, authors Mendlowitz and Kess talks about how financial advisors are people oriented and want what is best for their clients. The authors prove that the difficulty of the financial advising processes is typically overlooked by others by stating, “The different kinds of financial advisors and their role in the overall financial planning process is difficult” (Pg.66). Many might think that financial advisors have an easy job, but there is more to it than telling people to save small amounts of money here and there. Advisors must go through several specific steps to figure out the exact amounts their clients must save. The author of this article talks about situations that a financial advisor might go through as well as how the advisor should
Figuring out where you will be financially years from now is hard to imagine. There are always what you plan, and then there’s things that just happen that you would usually rather not have of. You can always make goals and things and hope that things go alright and end up close to what you expected.
Planning is not only about knowing what to do, when to do and who will do it, but it is also about defining the path towards attaining the