Setting Financial Goals

It’s a known fact that every one of us wants to succeed. We all want a good life. We all want to be financially successful. Nobody wants to suffer in a state of brokeness. How can we achieve such a life style of success?

 Everyone has goals, whether we know it or not. It is either you set a goal for yourself or you follow someone else’s goals. We have goals to keep our current job, or to get a different one. We have goals to save the future, or travel to vacation spots, or purchase that dream car or house to make our lives more worthwhile. An important distinction is that some are very much focused on their goals while others are not.

Goals are like catalyst in the finance of achievement. Financial success or financial independence is setting goals and achieving it. The difference between the people who set goals and those who don’t is that those who set goals usually dedicate to those who don’t. It is difficult to be a leader without goals.

Being clear with your purpose, vision and goals will put you in the top 7% of the world’s achievers, all you have to do is write down some specific action steps that will help you accomplish your goals on your daily activities and take action.

Why Set Financial Goals?    

   

Benefits of Setting Goals; Goal setting helps us determine our priorities, get organized, make big decisions, and realize our dreams. Almost all motivational experts incorporate goal setting as an important part of their program. Goal achieving process entails the following requirements;  

1. Well Formed Goal Statements.
2.   Breaking Goals Down into Manageable Steps.
3.   Motivation and Commitment.
4.   Reminders and Keeping on Track.
5.   Frequent Review and Re-assessment.

Our goals should be specific enough so that we know exactly what we are striving for, measurable so we can tell exactly when the goals has been reached, action-orient to indicate an activity that will produce results, realistic in that it is practical and can be achieved, and time and resources constrained meaning that it has a definite deadline for completion and realizes limited availability of resources.

Key Factors in Reaching Your Goals

• The following are key factors to consider in setting up your goals, especially economic ones:       Write them down
• Work on them
•  Get the right information. Decide what you need to know to achieve your goals.
•  Put your priorities in focus.
•  Visualize
•  Start with what you have.
•   Be committed.
•  Develop a strong character and a good sense of purpose.
•   Discipline yourself.
•    Dream big.
•  Write yourself a cheque.

The above are key factors to guide you set up your goals as you journey towards a future of financial success and happiness. The journey ofcouse will not be easy but with determination and strong character, you will get there.