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Short-term goals. Long-term goals. Vacation. Retirement. Down payment for a car or house. Opening a business. Deposit for a new apartment. Paying for a child’s education
We're not even two months into 2023, and if you didn't make a New Year's resolution about your finances, it isn't too late. But, you wonder, where do you even start, given everything you hear about...
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Financial planning advice typically focuses on long-term goals like saving for your children's education, building a retirement fund and estate planning. But depending on your financial situation ...
In the short term, if saving falls below investment, it can lead to a growth of aggregate demand and an economic boom. In the long term if saving falls below investment it eventually reduces investment and detracts from future growth. Future growth is made possible by foregoing present consumption to increase investment.
Goal setting and planning ("goal work") promotes long-term vision, intermediate mission and short-term motivation. It focuses intention, desire, acquisition of knowledge, and helps to organize resources. Efficient goal work includes recognizing and resolving all guilt, inner conflict or limiting belief that might cause one to sabotage one's ...
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