Jeevun is very security conscious. Now that he has finished school and has started his first job, he wants to make sure that he is smart with his money. In order to increase his net worth by 10 percent in the next year, he decides that he must increase his contributions to his RRSP by $200 per paycheque. In order to implement his plan, he contacts his benefits person at work to change his contribution plan by Friday. The next day, he contacts his financial adviser to review investment options in his RRSP for when his new contributions start. Jeevun anticipates that his new investment plan will begin in two weeks. Do you think Jeevun’s goal is a SMART goal? Explain.
