SMART
- specific
- measurable
- achievable
- relevant
- time-bound
short-term goal
ex. “I want to save up $2000 to buy a new laptop in 3 months”
mid-term goal
- consider low risk investing, HYSA
- 1-5 year goals
long-term goals
- ex. “I want to be semi-retired in 10 years, so I want $5 million saved in 10 years so I can work part time and travel”
- should do long-term investing to grow wealth
- Budgeting
- Saving
- Debt repayment
- Investment plan
- where to invest for long-term goals