Question
Mr. Coin is 29 year old. He works at a high-tech company developing artificial intelligence tools. He earns $180,000 (net), has a stay-at-home wife, and
Mr. Coin is 29 year old. He works at a high-tech company developing artificial intelligence tools. He earns $180,000 (net), has a stay-at-home wife, and they spend $160,000 annually. He has a special needs five-year-old son and he and his wife are expecting another child. The plan is for Mrs. Coin to stay home and take care of raising both children. They do not like to take risks.
Mr. and Mrs. Coin sit down together to write down their financial goals, which are presented in the chart below.
For each goal mark YES or NO if it fits the category in the STRATegic paradigm.
Goal Specific Time-bound Rigorous Attainable Tempting [Select] Support his family [Select] V Select ] Pay all the bills on time [Select] [Select] -- (Select] Create a charity fund to help families with special need kids [ Select] [ Select] Give more charity [Select] (Select] [ Select ] Earn $1 million annually [Select]Step by Step Solution
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