Alice Case Study

Every enterprise needs a strategy to operate, this includes making decisions either successful, risky, or with controversial results. To evaluate Alice’s goals and therefore her strategy, we must see her current financial situation.

Alice is in need of raising her income in order to fulfil her goals. Her short term dreams are to create a family, buy a house and save money for educating her children. In the future, as a long term goal, she would like to have enough money for her retirement and travel around the world.

Her main consideration that includes all the above factors is how to pay off her loan. By knowing that her income is not enough and as the expenses are rather difficult to decrease, trying to find ways to earn more money indicate a determine person who is focused on a purpose and want to accomplish any

For that reason Alice believes that in the next five years she would have paid off her loan and then she can start saving more money for her next goal. Her long term goals are realistic as Alice has understand that she has to delay accumulating assets until she cut off the expenses. The best solution is to get the second job which it may be a small step, but is solid from the view that she can find a better choice in the future, and that enables less risk of course. (Realistic)

By having a second job, it will be easier to think about saving money as she can control her expenses and definitely she may think will less anxiety her next steps. It is a big opportunity for Alice, as she is still single, and in the next ten years is more than sure that she will be out of debt or having decreased it. By putting priorities in order she will manage to save money for her children , which is the most important obligation as a parent, and then she could perform her dream of sailing around the