What are the different types of goals? How do they overlap and influence each other?
Sample Solution
1. Short-term goals: These are goals with a timeline of less than a year, and they focus on immediate and achievable objectives. Examples include learning a new skill or completing a project in the next few months.
2. Long-term goals: These are goals that take longer than one year to achieve and are usually related to career aspirations or life milestones such as buying a house or graduating from college. They require sustained effort over time in order to reach success.
3. Financial Goals: This type of goal focuses on reaching financial security and stability by setting savings targets, cutting expenses, increasing income sources, and investing for retirement or other future needs.