The best way to achieve your financial objectives is to:
A) have a luxurious standard of living.
B) spend your money at once to reach your objectives swiftly.
C) develop a sound financial plan.
D) create a good tax deferment strategy.
E) monitor your spending.

Question

Quizplus · Accepted Answer

Developing a sound financial plan is the best way to achieve your financial objectives as it helps you in setting realistic goals, creating a budget, managing your debts, and investing wisely. Having a financial plan also helps you in monitoring your progress towards achieving your goals and making necessary adjustments. Having a luxurious standard of living or spending money at once may lead to financial instability and can hinder your ability to reach your objectives in the long run. Creating a good tax deferment strategy and monitoring your spending are important steps in achieving your financial goals, but they are not the best way to achieve them.

The Best Way to Achieve Your Financial Objectives Is To