Question 1Which of this is a long term financial goal?

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  Saving for a holiday abroad.
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  Investing for retirement
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  Saving to buy a car
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  Saving to buy a high end mobile

Question 2Why do successful people set financial goals?

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  Goal setting measures progress towards targets and milestones.
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  Goal setting gives a sense of direction.
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  It gives you an opportunity to show off.
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  Both 1&2.