Marco, 23, earns $78,000 a year working as an electrician for a company in midtown Ontario. On the weekends, Marco likes

[answerhappygod]

Marco, 23, earns $78,000 a year working as an electrician for a
company in midtown Ontario. On the weekends, Marco likes to spend
time with his friends watching live sports (too bad the Leafs lost
in the playoffs). Marco is also very generous with his friends.
While opening up his credit card statement, Marco noticed that his
outstanding credit card balance was $6,400 (how did that happen?).
Although this puzzled him, he was not concerned. Marco knows that
he can make the minimum monthly payments and over time and this
will decrease his credit card balance. While meeting with his
banker, to obtain a car loan for a used car, Marco states that he
would like to save for his retirement. When his banker asked him to
provide details about his retirement plan, Marco said he would like
to save $5,000 a year, so he could retire at age 60. Marco further
stated that he plans to begin saving in a few years, after he pays
off the car loan.
Required:
a) What are Marco’s goals? List two. (2 marks)
b) Do any of Marco’s goals meet the SMART goal criteria? Explain
why or why not. (2 marks)
c) What can Marco do, if anything, to make his goals SMART? (3
marks) d) Write down a goal you have set for yourself and explain
why it is a goal. (3 marks)