Incorporating time-value-of-money concepts and information from well-developed personal financial statements, identify your long-term financial goals and discuss the pertinent aspects for realizing these long-term financial goals. Explain the choices that you must make and how career planning will also fit into your plan. How would you define the time value of money?  Why would you say that money changes value over time?  For example if given the option to receive $100 today versus $100 in a year, why should you select to get it now?