BUS 101 Business Mathematics

Setting and Achieving Financial Goals

Please watch the follow video on how toachieve your financial goals. https://www.youtube.com/watch?v=HniJUwUlK94&feature=emb_title

Here is a"Achieve Your Financial Goals"( https://drive.google.com/file/d/1mdpf4RIfTKfFzhJVnlgOyiJVmjwNOA02/view?usp=sharing) worksheet that goes along with the this video. It is a helpful tool for you to use in planning, setting, maintaining, and achieving your goals.So, are you ready to set some goals? Here are a couple of examples to get you started on this process:

Goal #1: Completion of a master's degree in business administration within the next four years.

By establishing the time -frame for completion of this goal you are able to measure your progress through the courses you are completing. Also, having a state completion date will place some pressure on your for completion.

Goal #2: Save $2,000 toward the purchase of a new car in 18 months.

This goal is measurable in both the amount of money to be saved and the time-frame in which to complete it. Some simple math shows that the monetary amount of this goal can be achieved by saving just over $100 per month ($2,000 divided by 18 months).

Instructions:

For your initial response:

Discuss your perspective on the power of goal setting and whether you think it works or not.

Do you currently set goals for yourself?What is your process? Do you write them down?

After watching Dr. Klotz's video "Financial Success in 7 Steps" what did you take away from the video that you might incorporate in your life?

Finally, share one financial and one personal goal you have set for yourself over this semester. Make sure that your goal is SMART.