Explaining How to Set SMART Goals

What does the 'S' in SMART goals stand for?

• Strategic

• Simple

• Specific

• Sustainable

Which of the following is NOT a characteristic of SMART goals?

• Random

• Time-bound

• Achievable

• Measurable

What is the example goal discussed in the text?

• I want to travel the world

• I want to start a business

• I want to be rich

• I want to learn a new language

What is the specific amount mentioned for being 'rich'?

• $1 million

• $5 million

• $10 million

• $500,000

By what age does the speaker want to achieve their financial goal?

• 45

• 55

• 40

• 50

Why is it important to have a measurable goal?

• To make it sound good

• To avoid setting a goal

• To impress others

• To know when you've completed it

What does 'attainable' mean in the context of SMART goals?

• It should be easy

• It should be vague

• It should be realistic

• It should be ambitious

What is the relevance of the goal mentioned in the text?

• To invest

• To travel

• To retire

• To buy a car

What does 'time-bound' refer to in SMART goals?

• Ignoring time constraints

• Being flexible with time

• Setting a specific deadline

• Having no deadline

Which of the following is a key component of a SMART goal?

• Uncertain

• Ambiguous

• Vague

• Specific