Monthly Archives: July 2021

SAMI Financial Literacy Goals

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Most people have heard of the marshmallow test. Ask a young child if they want one marshmallow now or two in a short while. The test was designed and originally delivered in the late 1960’s and early 1970’s, it showed a correlation between a young child’s ability to delay gratification and their future success [1].

Graphic representation of the SAMI Goals.
SAMI Goals (Small, Attained, Modified and Internalized)
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The Goal is Learning to Set Goals

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We all know what a goal is, for example:

  • Saving to go on vacation.
  • Lose 10kg before the next vacation.
  • Not losing any children while on vacation, unlike last time.

The first one is a financial goal, the second is personal and the third involves the police and social welfare. We intuitively know the first two are goals but do we really need to articulate an objective to avoid traumatize Johnny?

Four apostles look to the right of the image carrying their staffs, crosses, books and churches.
Four Apostles from a church near Baden Austria
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