Exercise 2:
S.M.A.R.T. (Specific, Measurable, Attainable, Realistic, and Timely) Planning Model
a) Smart Goal - to pay off student loan as fast as possible.
specific: Alice's goal was to pay off her student loans right away
measurable: Alice will decide how much she feels comfortable with in paying on the loan each month.
attainable: Alice will decide if she can reduce her expenses to help pay off the student loans faster
realistic: Alice will need to decide if she has time to work at an additional part-time job.
timely: Alice will need to figure out if she can pay the loan off in 5 years or 10 years, having a reasonable amount to meet her goal of paying off the loan.
b) Smart Goal - to buy a house and save for children's education.
specific: Alice needs
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d) Smart Goal - retire.
specific: Alice has a future goal to retire at a decent age.
measurable: Alice should try to figure out every aspect of her retirement goals - in writing and deciding upon her health now & then.
attainable: Alice will need to distinguish how much of retirement is reachable (Ex: if she needs to continue to work part-time if she quits her FT job)
realistic: Alice needs to look at reaching baby steps with this retirement stage of her life. Maybe not jump in full force & quit working completely?
timely: Alice will have to try to guess when a perfect time to retire is. Go out with a bang ? Or just keep working as long as she can if her health is good?
e) Smart Goal - travel around the world in a sailboat.
specific: Alice would like to travel in a sailboat around the word
measurable: Alice needs to figure out how expensive & what she will need to travel around the world
attainable: Alice has to find out how long she will need to travel in the
Claire is applying for a loan to purchase a pre‐owned car. She is told that the monthly payment for the loan
She asks for paid time off, as well as receiving an extended time off. She states that she deserves this treatment because of all the work she did for the company. Alex tries to explain to Melinda that due to her track record, it is difficult to get anything of substance. Because Melinda has not been meeting her goals for months, and keeps on making excuses, I wouldn’t give her additional benefits. There is no reason for her to get special treatment, if she doesn't deserve it. I would also tell Melinda that if she knew that she would be needing financial assistance and time off, she should have made sure that she's meeting her end of the deal. Melinda feels that she obligated to get this treatment, but needs to realize that her sales are saying otherwise.
“wrinkle” in time where she can travel through space. Her (3) stated reason to go is her hope to
Madeline’s debt payments-to-income ratio with the college loan is 31.85 percent; without the college loan it is 14.07 percent. According to the 20 percent rule, she cannot afford the college loan. However, after Madeline pays off her credit card debts, her debt payments-to-income ratio with the college loan will be 17.5 percent. Therefore, once she pays off her credit cards, she will be able to afford the loan. [ANSWER: 19.48%]
According to the conditions above, what should their monthly payment be? If Kelsey and Cody do not send their payment in on time, what will the following month’s payment be?
Alice enters my office wanting to work on her anxiety and mood changes. There were some general goals aligned with her assessing a desire to be less anxious and to control sudden mood changes. She also stated she would like to turn her life around, but has no idea where to start. Alice notes she is not bleak. She has enough guts to leave a lot of her shady past behind and enrolled into college.
Days go by and she 's getting tired form the physical labor that comes with the house cleaning service. She explains what she was doing with her co-workers at the cleaning service and calls in sick after her last day at the nursing home.
could decide to seek employment and start her own career, or she could be making a more radical
was the most amazing thing in the world. Alice became addicted to drugs and was rapidly
The loss of control experienced by Ann may have had an impact on the time it took to progress through the stages. Involving Ann in the decision making, discussing options and offering continuity of care would help make the transition from her home environment easier.
The age markers are slowly changing and so is the concept of retirement. The modern aged community is unwilling to declare themselves as retired. One of the respondents made a statement that he wishes to work as long as he could do. A self declared retirement will make one detached from activities thus speeding up the ageing process. An earlier retirement will most probably make the individual feel old soon and this emotional drift will have a dramatic influence on his physical as well as mental and emotional health as well.
As adults enter the stage of later adulthood, many changes will begin to develop for each person. The aging process includes transitioning from work life to retirement, changes to roles, social positions, social policies, determining living accommodations with healthcare needs, and relationships with families and peers. The stage known as the golden years comes with great challenges while adjusting to the many changes in a person’s life. (Zastrow & Kirst-Ashman, 2010). Transition from work to retirement
Caroline despite of being a good worker, needs to be more professional. She needs to differentiate between her professional and personal life, and must prioritize her personal issues so that that they don’t affect her work and professional commitments (work –life balance).
1. This is understandable because most of us probably think that retirement is something that is eons away.
We all are currently aging. We live in an again paradox. But, it is what we choose to do with our time while we have it that counts the most. As a young adult, and before this class I was very unaware of the importance of planning your retirement as early as possible. There are many things that go into planning for a successful retirement. Such as, but not limited to: Where will I choose to live? What will I do to stay mentally active? Or even, when will I choose to retire. In this paper, I will go over a plethora of aspects for my personal plan for aging.