Chapter 27 introduces the financial system and the importance of assessing time and risk in making financial decisions. In this Discussion Board, summarize your own financial plan balancing present and future needs, especially future retirement needs.

In your post, you may want to apply: the Rule of 70, present value, insurance, diversification, and risk. How will you stay motivated to meet future goals (home ownership, business start-ups, family goals, and/or retirement with the human tendency to prefer "now" over "later?"