Explain why it is important to set realistically attainable financial goals. Select one of your personal financial goals and develop a brief financial plan for achieving it.

Explanation:

The main importance of setting realistically attainable financial goals is to remain optimistic and stay on track. If your goals are too ambitious and not very realistic then as time passes and you do not see much progress towards attaining that financial goal you will begin feeling depressed and begin losing faith that you will ever attain that goal. This leads you to give up on your plans and ultimately wasting the money on unnessesary purchases. My financial plan is to first save up an emergency fund to be able to maintain myself an entire year. Once I have this fund I will begin investing 10%-20% of my monthly income every month. 50% of that into a dividend stock portfolio and 50% into a cryptocurrency portfolio. Cashing out the crypto portfolio every time it doubles.

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