ECONOMICS (CBSE/UGC NET)

ECONOMICS

MONEY MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
When writing a long-term goal, you are looking at a time frame that is ____
A
3 months or less
B
3-9 months
C
less than 12 months
D
more than 12 months
Explanation: 

Detailed explanation-1: -Long-term goals are usually completed in 3 to 5 years, or longer. This is not a set practice, simply a common guideline that makes sense when laying out your plans. Many people plan even longer milestones spanning 10, 20, or even 50 years.

Detailed explanation-2: -In the long-term, I hope to advance my career and become a leader in my field. I am always looking for opportunities to learn and grow, and I believe that with hard work and dedication, I can achieve my career goals.

Detailed explanation-3: -Length of Goals Generally speaking, short-term goals are goals that can be accomplished immediately from now until a year. Medium-term goals may take from two to five years. Lastly, long-term goals are goals that may take up to ten years.

Detailed explanation-4: -Focus on one goal at a time. It’s ok to have multiple goals, but focusing on one can help you reach it faster. Write down your goals. Map out milestones. Create short-term goals along the way to each milestone. Have someone help you stay accountable.

There is 1 question to complete.