A master plan can be devised for all of these things. Typically, however, plans of this type are made to achieve long term goals.
Its Long-Range goals.
A master plan is devised for providing a long-term vision and direction for the development of a specific area, project, or organization. It outlines goals, strategies, and guidelines for achieving desired outcomes and objectives in a coordinated and sustainable manner.
Before setting investment goals, it is best to ensure you understand how investing works. A valuable resource for this is www.beforeyouinvest.com, which has a section titled, "How to Set Investment Goals," which will explain the basics of investment and help guide the investment goal process.
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Identify your goals
We save money to have financial security, achieve our goals, and be prepared for unexpected expenses or emergencies.
Savings and investment are closely related in financial planning and long-term wealth accumulation. Savings involve setting aside money for future needs or emergencies, while investment involves putting money into assets that have the potential to grow in value over time. By saving and investing wisely, individuals can build wealth and achieve their long-term financial goals.
That really depends on how much money you are wanting to invest. Here is a good website that can help you set your investment goals. http://money.howstuffworks.com/personal-finance/financial-planning/how-to-start-investing1.htm
Review your budget and make adjustments so that you can add savings and miscellaneous categories to the budget.
D: long-range goals
A master plan is a set of goals that need to be accomplished. A strategic development plan is a list of things that need to be done to accomplish set goals.