Alice Planning Model

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This is my personal evaluation on Alice's goals using the S.M.A.R.T. Planning model. S.M.A.R.T is an acronym for Specific, Measurable, Attainable, Realistic, and Timely. The following are Alice's goals which she hopes to achieve in the coming years. The goals are short, mid and long-term goals. 1. Pay off student loan 2. Buy house and save for children's education 3. Accumulate assets 4. Retire 5. Travel around the world in a sailboat. In this particular evaluation I would like to assessed the goals one by one and identify how S.M.A.R.T are Alice’s goals. SPECIFIC Pay off student loan. I think this goal is too general and I believe that Alice must set specific goals in order to accomplish the goal of paying off her student loans. To make…show more content…
Alice must set a specific goal in order to accomplish the goal of buying a house and save money for her children's education. Alice can set a specific goal by planning some specific ways in order to accomplish her goals like get a high-paying job and becoming prudent to all of her expenses for her to save more money for her goals to buy a house and save money for her children's education Accumulate…show more content…
Measurable This is to evaluate how measurable are the goals of Alice. The important criteria in measuring the progress are having target dates and they must stay on track until the goal has accomplished. To make it measurable Alice must set specific target dates for these goals. In addition, Alice must ask questions such as, how much she needs in order to accomplish these goals or how big is the goal? Can Alice achieve them based on her current financial capacity? How many goals does Alice can achieve and how will Alice know when these goals are accomplished? Alice should consider these important questions in measuring all her goals. Attainable To make the goals attainable Alice must continue to plan various ways in order to accomplish all her goals. Furthermore, it is her responsibility in order to attain her goals to develop the right attitude, abilities and skills as well as find ways to increase her financial status. Having a time frame is important for Alice to achieve her goals. Moreover, the most important element is the evaluation whether all goals she had laid-out are all

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