Even if you won a fortune in the morning, you'd be as dissatisfied with your life in 6 months time as you are now unless you look inside to what ails you. Instead, plan to make realization of your hopes and dreams long term. Visualize where you will be in 5, 10 and 15 years time and the sorts of outcomes you want.
Definition. The schedule of payments for paying off a loan. An amortization schedule breaks down the payments into interest and principal, which is helpful because with an amortized loan these the amounts vary with each payment.
What does amortization mean? In accounting we use the word amortization to mean the systematic allocation of a balance sheet item to expense (or revenue) on the income statement. Conceptually, amortization is similar to depreciation and depletion. An example of amortization is the systematic allocation of the balance in the contra-liability account Discount of Bonds Payable to Interest Expense over the life of the bonds.