INNOVATION AND CREATIVITY
INNOVATION IN ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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“I will earn $100, 000 a year by age 35.”
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“I will become the company’s top salesperson.”
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“I will pursue a career helping to preserve the environment.”
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“I will make 40 sales calls.”
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Detailed explanation-1: -So to answer the question, we believe having one to one-and-a-half times your income saved for retirement by age 35 is a reasonable target. By age 50, you would be considered on track if you have three to six times your preretirement gross income saved.
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: -Invest in your 401(k) Keep your expenses very, very low. Save 40% to 50% of your earnings. Start a side hustle. Don’t get caught up in comparison. 28-Aug-2019
Detailed explanation-4: -Make a budget. You can set the greatest goals possible, but it’s pointless if it’s not grounded in reality. Pay off credit card debt. Start an emergency fund. Save for retirement. Save for college. Save for a down payment on a home. Improve your credit score. Pay off student loans. More items •10-Feb-2023