Complete the Assignment: Personal Finance by Rachel Siegel and Carol Yacht (2009); Page 23. Exercise 2. See below: “Use the S.M.A.R.T. planning model and information in this section to evaluate Alice’s goals (below). a. pay off student loan b. buy a house and save for children’s education c. accumulate assets d. retire e. travel around the world in a sailboat. Discuss your evaluations" (p.23). Prepare a two page (double-spaced) essay. Cite references to material that you use in preparing the essay.
As you walk on a solid concrete foundation, you may not realize that the Smart Goal was implemented to achieve the goal that concrete conforms into a solid mass. In order for that structure to be successful a well thought out chemistry plan was designed, and instrumented through the SMART Goal success. To make your goal S.M.A.R.T., it needs to conform to the following criteria: Specific, Measurable, Attainable, Relevant and Timely. When implementing Smart Goals your mind needs to be clear and your thinking cap must be on and ready to explore and achieve the outcome. SMART goals provide one means of incorporating discipline in the planning process. I will prepare a Financial Plan for a prospect named Alice using the Smart Goals method to analyze her debt to ratio budget toward her future finances. Her preliminary focus is to pay off her student loan b. buy a house and save for children’s education c. accumulate assets d. retire e. travel around the world in a sailboat.