Your financial goals and aspirations can be differentiated according to several criteria, including their target completion dates, potential effectiveness, importance, and estimated cost, among others.

Identify whether each goal-writing practice will make the goal more or less effective.

Goal-Writing Practice	More Effective	Less Effective
Neals financial goals are not consistent with his wants, needs, and financial resources.
Liams desired financial outcomes are not expressed in monetary terms and are not prioritized.
Eves desired financial outcomes are expressed in monetary terms.
Neal wrote goals that are consistent with his personality and attitudes toward money management.

Asset acquisition planning is one of the earliest financial activities you undertake in life. It involves the purchase of___________, including tangible and financial assets, liquid assets, investments, and personal and real property. A.) Things we do B.) Things we own

Personal property are___________( A.) Movable Object B.) Physical Assets C.) Easily convertible into cash ) and are held either to consume and use or to generate a return or income as an investment. An example of personal property is_________. ( A.) Clothing and Furniture B.) Cash or money in a savings account C.) A car or house )

In general, the cost and value of your tangible, personal, and real assets tend to _________ with your age, income, and wealth, all other things remaining constant. The value of your financial and liquid assets, on the other hand, tends to be a function of economic conditions and your investment returns. A.) Increase B.) Decrease