 -COSBY--Economics-Lesson-With- Monopoly-Money -COSBY--Economics-Lesson-With- Monopoly-Money

 1.) To provide for and protect yourself and your family.  2.) To plan for the future.  3.) To reach your goals.

A study was done of Harvard alumni 10 years after they had graduated. The survey found that:  83% had NO specific personal or business goals.  14% had specific goals but they were NOT written down.  3% had specific goals that were written down. Goal Setting Survey of Harvard Graduates

PAYOFF:  Those with goals not written down earned 3 times as much as those with no goals.  Those who had written their goals down earned  10 times as much as those with no goals.

 No Goals  Ignorance  Debt  Poor investments  Inflation  Taxes  Procrastination – the most common! Roadblocks to financial success

 1.) Short Term Goals (1-2 years) Emergency fund  2.) Medium Term Goals (5 years or less) Buy a home  3.) Long Term Goals ( 5 years and longer) Children’s Education Retirement

 1.) Decide what you want to do with your money.  2.) Make Your Plan and stick with it!