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Next Steps

The Glovers have now completed their first goal and can bookmark the cost of that goal in their planning. The next step is for the Glovers to repeat this process for every goal that they can currently identify. The general formula for establishing those goals should be the same:

  1. Define the cost in today's dollars.

  2. Inflate the cost based on the number of years between today and the expected date the goal needs to be achieved.

  3. Define the characteristics of each goal so that when we match the assets to the goals, we can be consistent.


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