ECONOMICS

Detailed explanation-1: -Long-term goals are any goals you create that you will not (or cannot) accomplish until some time in the future. While there’s no specific definition of what “long-term” really means in the case of long-term goals, the standard definition for this is sometime within the next 5 to 10 years.

Detailed explanation-2: -A long-term goal is something you want to accomplish in the future. Long-term goals require time and planning. They are not something you can do this week or even this year. Long-term goals are usually at least several years away. Sometimes it takes many steps to complete a long-term goal.

Detailed explanation-3: -Getting a PHD, becoming your own boss and writing a book are examples of long term goals, and whether it is a career, financial or even a personal growth objective, achieving one won’t be easy. It’s not like some of the short goals on your bucket list-you will be pushed to your limits.

Detailed explanation-4: -Short Term Goals Short term goals are the types of goals you set to accomplish in the immediate or near future. These goals help you to think about what you can do in the next year to achieve your dreams.