Which is an example of an attainable goal?

Study for the WebXam Financial Test. Leverage flashcards and multiple-choice questions, each featuring hints and explanations. Prepare thoroughly for your exam success!

An attainable goal is one that can realistically be achieved based on individual circumstances, resources, and timeframes. Buying a new car in five years exemplifies an attainable goal as it allows for sufficient time to plan, save, and budget for the purchase. This timeframe makes it feasible for someone to set aside money regularly, explore different financing options, or improve their credit score to secure a loan if necessary.

In contrast, several other options represent goals that are unrealistic within their given time frames. For example, saving a million dollars in one month requires an extraordinary income or windfall that most people do not have access to, making it unattainable for the vast majority.

Immediately retiring is not viable for anyone who has not already amassed enough savings or investments, as doing so would likely lead to financial insecurity. Traveling to every country in one year is also highly impractical due to logistical, financial, and time constraints, making it an unrealistic goal for most people. Each of these options lacks the necessary feasibility that characterizes an attainable goal, while purchasing a car in five years aligns with a realistic planning timeframe.

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