What is a 'sprint goal' versus a 'marathon goal'?
There's a difference between a sprint goal and a marathon goal. A sprint goal - picture an Olympic athlete - they say "mark, set, go, BOOM!" They run and they're over with very, very quickly. Now, compare that to a marathon, where they say "On your mark, set, go", and it's a much longer time frame to finish the race. With the sprint goal, that means that the money that you've saved, you're going to use it immediately. An example would be: you want to take your kids to Disneyland. You save money every month. You've amassed the amount of money that you need and, then, BOOM, you spend it all taking your kids to Disneyland. That's a sprint goal - you've used the money really quickly. Now, compare that to a marathon goal. The marathon goal is like retirement - that's the best example. You put money aside every month for years and years and years, then you retire. But you don't spend the entire retirement account the day you retire; it's supposed to be there for years and years and years. A marathon goal is one where you spend the money over time rather than just instantly.