Question
Think about 2 or 3 long-term financial goals you have in your own life (e.g., savings account amounts, a trip, retirement, paying off debt, etc.).
Think about 2 or 3 long-term financial goals you have in your own life (e.g., savings account amounts, a trip, retirement, paying off debt, etc.). As you read this week, what did you learn about yourself that will help you achieve these long-term financial goals? What changes could you make now to achieve those long-term financial goals?
Focus on 1 of the long-term financial goals you identified. Consider what you read about compound interest and the time value of money in Sections 1.8 and 1.9 in the zyBooks textbook. Use the Compound Interest Calculator from Investor.gov to gain a broader perspective on your chosen long-term financial goal over 10, 20, and 30 years. What does the calculator show you about the time value of money and compound interest? You dont have to provide specific details, but discuss what you observe.
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