ENTREPRENEURIAL PLANNING
FINANCIAL PLANNING AND ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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scarcity
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recession
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withdrawal
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delayed gratification
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Detailed explanation-1: -Some examples of long-term financial goals may include: Saving for a down payment on a house. Funding your retirement. Paying off large debts (e.g., credit cards, student loans, mortgage, etc.)
Detailed explanation-2: -Our culture tells us that more money will make us happier; that we need to buy things in order to be content. We are constantly told to buy now and pay later, or that we need the newest and latest thing. This is the ideology of instant gratification.
Detailed explanation-3: -It means investing money today to have money when you retire. It means being in control of your finances. While learning delayed gratification isn’t always easy, it’s always worthwhile. Applying Delayed Gratification to Finance. Delayed gratification can feel difficult to learn and even more difficult to apply.