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Changing Behavior Name: Institution: Date: Changing Behavior For the last two years, I have been earning a monthly income. Unfortunately, my saving habits have been wanting. Initially, I used to save a little money from my salary which I ended up spending on luxuries. I have since realized my problem is saving money without a clear goal. At times I used to have a lot of money in my bank account, but I had no idea what exactly to do with that money. Therefore, I am planning to start saving with a clear objective which is saving to invest in the securities market. Saving with a clear goal will help me achieve financial independence. I will use the savings to invest in securities which will, in turn, generate passive income. This way I will not be entirely dependent on a monthly salary. Equally, the security of a passive income will enable me to have the freedom to make decisions not based on my monthly income. For instance, I will be able to travel the world, change a career, start a business, enroll for an MBA or even change my residence. Also, saving with a purpose will give me the much-desired peace of mind since I will have my finances and future in control. People who have clear goals in life are known to be calm and happy. Even in times of crisis, I will resort to my goals for guidance something which lacks in my current life. Therefore, I believe saving with a goal will help me lead a good life. As we learned in class, I understand that self-control is a must have attribute if I have to achieve my new goal. In this regard, I am planning to start keeping track of my expenditure. First, I will set what amount of money do I need and by when? Once I have
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