Chapter Question
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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.
Money goals are usually classified according to their time horizon.
A money goal should always be big.
Starting with the right details helps you make a proper money goal.
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.
You should invest for goals one-by-one.
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.
If you invest, you’re sure to reach your money goal.
Even if you don’t achieve a goal, you can still see if the amount that you earned will be enough with some tweaking.
When you don’t reach a money goal, you should learn from the experience so you can do better in the future.