Assessing Strategies Toward a Goal Coursework Example | Topics and Well Written Essays - 250 words

Assessing Strategies Toward a Goal - Coursework Example I aimed at helping my uncle to make certain important decisions in general. I found balance-sheet approach very apt in this regard. â€Å"Balance sheets deal with the acceptability and unacceptability of both benefits and costs.† (Egan, 2010: 373) I focused on utilizing â€Å"empathetic thought patterns† (Egan, 2010: 374) and â€Å"active listening skills† (Egan, 374) to examine my uncle through the critical question answer session. The main problem he was facing about budgeting was fund allocation. I suggested the strategy of long term savings and addressing the long term liabilities to be most important. I asked my uncle, â€Å"What are the benefits of choosing such a strategy for you and the other significant ones?† Also, I asked, â€Å"To what degree are these benefits acceptable?† (Egan, 2010: 373) In answering my questions, my uncle expressed his concern about his children’s higher education. Also, by getting rid from the long term liab ilities like mortgage and debts, my uncle could obtain more financial security for his family. Thus I discovered that he was worried about the financial requirements of his children’s higher education. This was a plus for my uncle. However, he did not have a proper investment policy and was prone to neglect the existing liabilities. This was, of course, a minus point. Finally, I helped my uncle to set two most important goals.