Shared Flashcard Set

Details

Personal Finance
Obj 1.02 Financial Goals and Decision Making
9
Finance
12th Grade
09/07/2010

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Cards

Term
Short-term goals
Definition
goals that are to be accomplished within one year
Term
Long-term goals
Definition
goals that are to be accomplished in more than one year
Term
SMART Goals
Definition
Specific, Measurable, Attainable, Realistic, Timebound
Term
Rule of 72
Definition
The amount of time it takes to double money at a certain interest rate
Term
Rule of 72
Definition
72 divided by interest rate expected to receive
Term
High returns
Definition
What you expect when you take a high risk
Term
Financial goals
Definition
specific goals to be accomplished through financial planning
Term
Educational goals
Definition
goals that enable individuals to prepare for future success in the workplace
Term
Value
Definition
a fundamental belief about what is desirable and worthwhile
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