ENTREPRENEURIAL PLANNING
FINANCIAL PLANNING AND ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Retirement Fund
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Complete minor home improvement
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Purchase personal goods
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Saving for children’ future education fees
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Detailed explanation-1: -The biggest long-term financial goal for most people is saving enough money to retire. The common rule of thumb that you should save 10% to 15% of every paycheck in a tax-advantaged retirement account like a 401(k) or 403(b), if you have access to one, or a traditional IRA or Roth IRA.
Detailed explanation-2: -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-3: -Become a better spouse or parent. Complete your first marathon. Create and commit to a fitness routine. Learn a foreign language. Cut junk food out of your diet. Start volunteering regularly. Increase your emotional intelligence. Earn a college degree. More items