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Assignment 2: Financial Planning(25.0 points)1. Describe one short-term goal that you have and at least one thing you will need to do in order to accomplish that goal. (2-4 sentences. 1.0 points) A short-term goal I have set for myself is high school graduation. One thing I would need to graduate from high school is focus. I will need to focus on my studies and continue to work hard to complete all work needed to pass my courses.2. Describe one long-term goal that you have and at least two things you will need to do in order to accomplish that goal. (2-4 sentences. 1.0 points) A long-term goal that I was not prepared for is raising my daughter to be a man. Two things I will need to accomplish this goal is an education and his father being a part of his life. I must learn to work for my family as well as be able to teach my daughter.3. Describe two of your long-term financial goals, and explain why these goals are important to you. List at least three steps that might help you accomplish this goal. (4-6 sentences. 2.0 points) Paying for my daughter to attend college and building a life outside of struggle. These goals must be accomplished by me finishing school, going onto college and maybe even starting my own business. I must set an appropriate example for my daughter to learn from someone who she believes in. Starting a family business to pass down to generations will be an excellent way to start financially planning now ahead of time. 4. Describe an example of a common financial resource, an expense, and a debt. Thesecan be examples from your own life or from other people you know or can imagine. (3-6 sentences. 3.0 points) Living in a family of mines, common financial resource is either government assisted or public security. An expense that I cannot escape now is the caring for of my daughter which will vary as she get older. Lastly a debt would be the over spending of credit cards with no money to pay it back as the interest rates climb.