In my earlier article "Setting Financial Goals ? Part 1" I identified the 4 simple steps to setting up achievable financial goals. I mentioned that your financial goals should be broken down into smaller more manageable goals and then written down to help you visualize them. This article expands upon that information.
Writing your goals down has an additional effect besides allowing you to properly focus in on their success. In some cases you will discover that some of your goals are unfortunately so broad focused that they are unobtainable. However, don't despair, as you will also be able to identify the smaller more tightly focused and thus achievable goals very quickly and easily. When writing down your goals don't be afraid to dream about riches or retiring early in life just be realistic in your expectations.
Goals are more easily obtainable when they are broken down into separate steps or categories based on time frames. When you place a time frame on your goals you are programming your mind to subconsciously motivate itself to succeed in fulfilling your goals. There are 3 time frames that are generally recommended for goal setting. They are short-term goals (within 1 year), intermediate goals (3-5 years) and long term goals (5 years or longer).
A short-term goal generally takes one year or less to achieve, based on the date the task is needed, the total estimated cost, and the required savings. An intermediate-term goal is the type of goal that can't be accomplished overnight but doesn't require many years to accomplish. Examples might include buying a car, getting an education or paying off your debts like credit cards. Normally an intermediate-goal is anywhere from 1-3 years. Finally a long-term goal is a goal that requires an extensive time commitment (5 years or longer) in order to get accomplished or fulfilled. Examples of long-term goals might include college education for a child, retirement plan or purchasing a home. Whatever the case, these goals generally require longer commitments and often more money in the end.
As we stated before you will need to accurately identify what your financial goals are in order to have them come true. You will need to identify the necessary steps that need to be taken in order to achieve your goals. Examples of such steps include the following:
· Start placing 5% or 10% of your paycheck in a savings account.
· Educate yourself on different investment strategies such as IRA's, stocks, mutual funds and various other personal investments. There are many more and all can assist you in short and long term goals.
· Make a budget for yourself that leaves you with some extra money (remember the 5% or 10%) and stick to it.
· Take every opportunity to use coupons. It seems like small savings, but when added together you could save 20-30 dollars at each trip to the grocery store.
· Shop around for bargains and do not live outside of your means.
· Work with a credit counselor to get help in lowering your monthly expenses and get rid of your debt.
These are just some of the things that you can do in order to realize your financial goals. If you truly set your mind to it and visualize the successful completion of your goals you will find that they are more attainable in the long run.
Timothy Gorman is a successful webmaster and publisher of Best-Free-Insurance-Quotes.com. He provides insurance information and offers discount auto, life and home insurance that you can research in your pajamas on his website.Other websites operated by TimCellular-Phone-Solutions.com - Free information and resources regarding cell phones and cell phone plans.
Military-Loans-Online.com ? Which provides free money saving loan quotes on all of your loan needs to include home equity loan information.
"What we need most, is not so much to realize... Read More
No matter how ambitious your goal, you CAN achieve it.... Read More
What goals do you have for your life? If you... Read More
So here we are in July. Where did the first... Read More
Writing goals describes the act of inscribing on a surface... Read More
Many motivational speakers and self-help books will tell you that... Read More
Many professionals have a basic idea of what they want... Read More
It is important to have goals because they are good... Read More
Do you know where your company is going? Do you... Read More
Setting goals is difficult enough without adding the word finance... Read More
MAKING GOALS: Effective and motivational goals engage employees in work... Read More
"If you keep on doing what you have always done,... Read More
"In any and every given moment of your life, you... Read More
It's time to change the way we think and speak... Read More
Making sure our goals are properly aligned with our passions... Read More
If you were to walk up and ask successful and... Read More
I have been with this marketing business for a few... Read More
"In any and every given moment of your life, you... Read More
I began enhancing my personal energy level three months shy... Read More
What would your life be like if you kept doing... Read More
Here is a unique way to combine your breath and... Read More
Like it or not, we are all gladiators. We go... Read More
Journal Your 100 Life GoalsBy Doreene ClementRecording and tracking your... Read More
It is known that the human body sends out vibrations:... Read More
Setting goals is wonderful; it confirms that we've taken those... Read More
2. Recognize the source and purpose of vision· It's purpose... Read More
What's your dream? Want to give your vision a jumpstart?... Read More
Commit it to paper - You have the idea so... Read More
Today I want to discuss the missing link in goal... Read More
Would you like to be sure that your personal goals... Read More
Knowing yourself is the foundation of self-esteem, self confidence and... Read More
Most quit smoking books, maybe all of them won't tell... Read More
I cannot stress the importance of setting goals enough. Goals... Read More
As important as goal setting is, goals alone do not... Read More
This may sound like a strange question, but are you... Read More
Six keys to keys to build vision - point three3.... Read More
"Inspiration does not beget action. Action begets inspiration." - Chinese... Read More
When we have a thought or idea that we want... Read More
Which of the following changes to your life do you... Read More
Let me try something new but please, please, please, let... Read More
It's been said that everyone has goals, whether we know... Read More
Making sure our goals are properly aligned with our passions... Read More
Here's a question for you:What would you like to have... Read More
I wanted to learn to swim. So I set my... Read More
Does personal goal setting work? Many people want things, situations... Read More
Every person who succeeded at a high level, in any... Read More
Why is it when you set goals for yourself most... Read More
In a nutshell... YES!I've given a lot of thought recently... Read More
Many people envy academics who take sabbaticals. What they don't... Read More
Are you having trouble achieving your goals, or getting through... Read More
Several articles and newsletters with the message that New Year's... Read More
Being successful in life is difficult unless you ensure you... Read More
"One important key to success is self-confidence. An important key... Read More
Goal setting is the true secret to success in any... Read More
The most critical attribute for realizing our dreams is integrity.... Read More
I love the internet. I mean, anything at all you... Read More
A realistic goal setting workshop:Have you ever gone to a... Read More
Human beings are goal-seeking creatures. We are impatient and try,... Read More
What do you want to achieve?Before you actually set up,... Read More
Years ago, people came to America in pursuit of their... Read More
What do u wanna be when you grow up?" "... Read More
Have you ever wondered why some people are just naturally... Read More
All too often good-intentioned people set forth goals designed to... Read More
Want to achieve your goals faster?Edward W. Smith, motivational speaker,... Read More
WHY DO WE NEED GOALS?Goals give you direction in all... Read More
(excerpted from the Jim Rohn One-Year Success Plan - Week... Read More
Goal Setting |