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Individual Development Account

Goal Setting Post-Test

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In goal setting we use the acronym SMART. In the following 5 questions identify what each letter in this acronym stands for.

1. S _____________________________________

2. M _____________________________________

3. A _____________________________________

4. R _____________________________________

5. T _____________________________________

6. A successful critical thinker is self-confident.

True or False

7. Under certain circumstances a home may not be an asset.

True or False

8. Creative thinking is fine if you are writing a poem but has little place in your financial life.

True or False

9. Both Sherraden and Kiyosaki consider stocks an asset.

True or False

10. Once you have set your personal financial goals you never have to think about them or update them again.

True or False

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