Let's see if you remember some key ideas from the chapter.

 

Answer the following with a true or false.

A money goal is an amount that you’re trying to reach in some way by a certain time.

• True
• False

Money goals are usually classified according to their time horizon.

• True
• False

A money goal should always be big.

• True
• False

Starting with the right details helps you make a proper money goal.

• True
• False

After finding out how much you want to have and when you need the amount, you’ll be able to see if your goal is feasible.

• True
• False

You should invest for goals one-by-one.

• True
• False

When investing for multiple goals, your chances are higher if you can put in more money or have a lot of time, but not both.

• True
• False

If you invest, you’re sure to reach your money goal.

• True
• False

Even if you don’t achieve a goal, you can still see if the amount that you earned will be enough with some tweaking.

• True
• False

When you don’t reach a money goal, you should learn from the experience so you can do better in the future.

• True
• False