Final answer:
Tangible goals are concrete and measurable, like running a marathon or saving money, while intangible goals involve personal growth, such as improving self-confidence. Setting up SMART goals (Specific, Measurable, Achievable, Relevant, Time-bound) and an action plan helps in tracking progress and achieving these targets within realistic timeframes, influencing one's education, career, and economic success.
Step-by-step explanation:
Tangible goals are concrete and measureable targets, such as running a marathon in under four hours or saving a specific amount of money. Intangible goals, on the other hand, relate to personal development or relationships, like improving self-confidence or building a stronger family connection. When you think of achievable and appropriate goals, consider whether they are practical and within reach after planning a set of actions to make those goals a reality.
The measurable and motivational aspect of goal-setting involves establishing criteria that you can use to track progress. This leads to creating SMART goals, which stand for Specific, Measurable, Achievable, Relevant, and Time-bound. These are helpful when thinking about your future finances or making decisions that impact your education or career.
To set a tangible Action Plan, you must identify the steps needed to reach your goals. Set a target date for your action steps and reflect on achievable progress towards them. This systematic approach makes the process of achieving your goals more manageable.
Understanding the effect of short term/long term goals on your education or career, as well as the impact of obtaining credit on your economic success, involves setting and striving for SMART goals. Pay attention to how your goals align with what can realistically be completed within a set timeframe, and avoid being too vague or overly optimistic on when you can achieve your goals.